This introductory textbook covers the theoretical, analytical and practical aspects of business finance, particularly in the context of the private sector of the UK economy. This expanded edition includes new sections on international aspects of finance and financial accounting statement analysis. It is divided into four parts which examine the business finance environment, investment decisions, financing decisions and mixed decisions. Features include: key theories in finance are described; the text is written in a non-technical style appropriate for students of business; there is a rigorous development of theories, with references to classic and recent research findings; examples and problem-type questions of varying difficulty have been provided throughout, and the answers are given at the end of the book with a proportion appearing in a supplementary lecturer's guide; and a new chapter on the interpretation of financial statements is included. The book is suitable for courses in finance for accounting undergraduates and for undergraduate business students.
It is also likely to be of use to MBA Foundation and DMS students of finance, as well as for those taking ACCA Level 3 and CIMA Stage 4 courses in financial management.