Stanley Block,
Texas Christian University Geoffrey Hirt,
DePaul University
ISBN: 0072842296 Copyright year: 2005
What's New
Includes new content related to corporate governance and ethics,
and the impact of new legislation affecting financial reporting. Chapter 1
provides coverage of the scandals at Enron, Arthur Andersen, Global Crossing,
and others. Chapter 2 discusses the Sarbanes-Oxley Act, along with the implications
for finance. These are current and very important topics for today's
business students.
Each new copy of the text includes access to Standard & Poor's
Educational Version of Market Insight, a rich online resource that
provides six years of financial data, along with industry trends, stock reports,
and much more, for over 500 top companies. Relevant chapters contain end of
chapter problems that use this data (powered by S & P's COMPUSTAT®
database) to gain a better understanding of practical business situations.
Includes the most current coverage, including the impact
of the Tax Relief Act of 2003 on dividend policy (see Ch. 18) and the bursting
of the stock market bubble in the early 2000s. This topic, in addition, to
the continued internationalization of the financial markets is thoroughly
covered in chapter 14.
Chapter 12 includes new coverage of Modified Internal Rate of Return,
an important new measure of return as part of the capital budgeting decision
process. This coverage is included in response to market feedback
Expanded Internet presence, including new coverage on the
impact of the Internet on Working Capital in Chapter 7, where the authors
cover the trend to B2B online transactions along with its impact on lower
current asset requirements. Throughout the text, there are many Internet applications
including helpful websites, web exercises, and the new S & P problems described
above.
More comprehensive problems have been added to provide
more challenging problems. Comprehensive problems, indicated with a red side-bar,
integrate and require the application of several financial concepts into one
problem. Not only are there more within the book, but there are also more
comprehensive problems included in chapters 2, 3, and 8 of the instructor's
manual.
To obtain an instructor login for this Online Learning Center, ask your local sales representative.
If you're an instructor thinking about adopting this textbook, request a free copy for review.