An Introduction to Accounting and Managerial Finance : A Merger of Equals

Intro -- Contents -- Preface -- Chapter 1. Finance, Accounting and Corporate Objectives -- Corporate Objectives -- Managerial Finance -- The Finance Managers -- Time, Risk, and the Risk-Return Trade-off -- Three Basic Generalizations -- Relevance of Cash Flows -- Cash Flows versus Earnings -- A Merger of Equals -- The Capital Market -- Tactical and Strategic Decisions -- Scope of Financial Management -- Conclusions -- Questions and Problems -- References -- Chapter 2. The Time Value of Money -- Time Discounting -- The Interest Rate -- Future Value -- Time Indifference: Present Value -- Present Value of an Annuity -- An Annuity -- Present Value of a Perpetuity -- A Flexible Tool -- Annual Equivalent Amounts -- Conclusions -- Review Problems -- Questions and Problems -- Appendix 2.1: The Derivation of an Annuity Formula -- Chapter 3. An Introduction to Financial Reporting -- Financial Statements -- Uses of Financial Statements -- Accounting Professions -- The Discipline of Accounting -- The Accounting Process -- Financial and Managerial Accounting -- Income Taxes and Financial Accounting -- Business Organizations -- Assets, Liabilities, and Stock Equities -- The Accounting Equation -- Form of the Balance Sheet -- Accounting for Assets -- Economic and Accounting Assets -- Current and Noncurrent Assets -- Tangible and Intangible Assets -- Accounting for Liabilities and Stock Equity -- Sample Balance Sheet -- Managerial Uses of the Balance Sheet -- Nature of Accounts -- T-Accounts -- Debits and Credits -- Keying Transactions -- Equality of Entries -- Recording Accounting Transactions -- Account Balances -- Journal Entries -- Summary -- Review Problems -- Questions and Problems -- Chapter 4. Capital Budgeting -- Rate of Discount -- Classification of Cash Flows -- Dependent and Independent Investments -- Economically Independent Investments.