The market leader, Brigham/Houston, continues to grow in reputation and amount of users as the most effective approach for teaching the first undergraduate corporate finance course. This Concise version of the extremely successful, Brigham/Houston-Fundamentals of Financial Management, contains the same level of topical rigor while also reflecting the latest in theory, research, real-world examples, and use of technology as Fundamentals.

The seamless, integrated ancillary package, still painstakingly prepared by the authors, is a hallmark of the Brigham/Houston package which reduces course preparation time for instructors and makes the subject more accessible for learners.

New for this edition is the addition of iLrn Finance, an online student assessment and tutorial resource to help improve student performance.

Additionally, access to Thomson ONE - Business School Edition, an online financial database that students can use to complete projects or select end of chapter exercises, is included with each new text.

New to the Edition

• Time Value of Money: Due to popular reviewer feedback, this chapter has moved up from chapter 6 to chapter 2 to provide a better foundation for the material that follows Time Value of Money.
• Emphasis on the Why vs How: More emphasis in the Time Value of Money chapter on the formulas and how to solve the problem versus showing calculator strokes only.
• Revamped Test Bank: Due to reviewer feedback many of the more challenging and longer solution time questions were removed and replaced with new questions that can be included in typical 60 minute tests.
• More End-of-Chapter questions and problems: In addition to new problems, the authors have categorized end-of-chapter material from Easy to Challenging to make for easy instructor assignment as well as help build student confidence.
• iLrn Finance: This online instructor and student resource lets students complete end-of-chapter problems and algorithmic versions of these same problems for an instant grade.
• iLrn Finance is an integrated testing, tutorial, and class management system. The fully customizable algorithmic test bank allows instructors to create tests quickly and easily. Homework and test results are automatically recorded in the iLrn grade book so that instructors can monitor student progress. Also included are author tutorial videos to improve student understanding of the materials.
• The Financial Environment chapter has been split into two chapters, one on markets and institutions and the other on interest rate determination. Due to reviewer feedback this content is broken up for a smoother presentation of concepts.
• New focused "Self-test problems" immediately after each major section in the chapters.
• Ethics coverage has been expanded to help professors meet the challenge of finding and integrating material on this topic without any extra work on their part.

Features

• Hallmark balance of theory and practice that is unique to Brigham/Houston.
• Reliable. Very few errors surface each edition due to the time tested material and the author's meticulous nature.
• Thomson ONE - Business School Edition, a product of Thomson Financial's Investment Banking Group, is an online financial database that is included with each new textbook. Students can use the Thomson ONE - BSE database to complete projects or to do specially written end-of-chapter Thomson ONE - BSE problems.
• Thomson ONE - Business School Edition Problems: To help motivate students to perform basic research and analysis without creative extra work for the instructor, the author has written end-of-chapter problems (for appropriate chapters) that require students to use Thomson ONE - BSE.
• Practical application of theory and trends through tried and true pedagogy, real-world examples, problem sets, and integrated mini-cases.
• Integration of spreadsheet models and techniques for solving financial problems.
• Author written ancillary package. This includes a large test bank which particularly aids professors with large course enrollments who need fresh test questions every semester.
• Multi-disciplinary approach to the subject explains how all areas of business are affected by corporate finance.
• Spreadsheet models accompany each chapter (except Ch. 1) for problem solving.
• Textbook writing experience of Gene Brigham (30 years) with contemporary scholarship of Joel Houston (Ph.D. The Wharton School).
• Student learning resources: iLrn access, included with each new copy of the text includes spreadsheet models serving as both templates and Excel tutorials, additional practice problems, and PowerPoint slides to accompany text.

PART 1: INTRODUCTION TO FINANCIAL MANAGEMENT.

1. An Overview of Financial Management.

PART 2: FUNDAMENTAL CONCEPTS IN FINANCIAL MANAGEMENT.

2. Time Value of Money.
3. Financial Statements, Cash Flow, and Taxes.
4. Analysis of Financial Statements.
5. Financial Markets and Institutions.

PART 3: FINANCIAL ASSETS.

6. Interest Rates.
7. Bonds and Their Valuation.
8. Risk and Rates of Return.
9. Stocks and Their Valuation.

PART 4: INVESTING IN LONG-TERM ASSETS: CAPITAL BUDGETING.

10. The Cost of Capital.
11. The Basics of Capital Budgeting.
12. Cash Flow Estimation and Risk Analysis.

PART 5: CAPITAL STRUCTURE AND DIVIDEND POLICY.

13. Capital Structure and Leverage.
14. Distributions to Shareholders: Dividends and Share Repurchases.

PART 6: WORKING CAPITAL MANAGEMENT, FORECASTING, AND MULTINATIONAL FINANCIAL MANAGEMENT.

15. Working Capital Management.
16. Financial Planning and Forecasting.
17. Multinational Financial Management.