There is a great deal of confusion regarding the factors that led to Enron's collapse. This important book addresses this problem by providing a coherent explanation of the accounting and finance problems associated with the collapse. The Skilling-Lay trial, as it is related to accounting or...

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...

Key Features:Argues that Skilling was not the cause of the Enron collapse and that the moral outrage of the U.S. attorneys led to inappropriate tactics in the Skilling-Lay trialArgues that the collapse was facilitated by the loss of millions on real assets, including the large returns offered by...

This book introduces corporate financial management, based on the basic capital budgeting framework and the time value of money. It focuses on theoretical formulations and correct application of financial techniques that will help improve managerial and financial decisions. Based on fundamental...

This book introduces corporate financial management, based on the basic capital budgeting framework and the time value of money. It focuses on theoretical formulations and correct application of financial techniques that will help improve managerial and financial decisions. Based on fundamental...