Finance and Accounting Decisions

Author: David M. MacMillan
Publisher:
Publish Date: 2004-01-01
Features: A classic textbook from the University of Cambridge, written by experienced professors. It has been revised multiple times, continuously improving and remaining popular. It is committed to guiding decision-making practice, being concise, to the point, and targeted. The material is drawn from teaching practice, with flexible and open-ended text content and exercise design, guiding readers to participate and inspire independent thinking. Numerous vivid cases from various industries cover different themes, making the content rich and insightful. Financial and Accounting Decisions is a revision of the original Accounting and Decisions and Financial Decisions. The book is divided into two parts: Accounting and Finance. Accounting consists of external accounting and internal accounting. Financial accounting regularly reports a company's financial history and performance; management accounting focuses on planning for the future, helping managers with planning and control. This book emphasizes the fundamental principles and provides thorough analysis of potential practical problems. Finance is composed of asset investment and management, as well as liability and equity financing. Given that the financial goal of a business is to maximize shareholder wealth, the book argues that finding valuable investment projects is the key to success. If a company can identify valuable investment projects, it can raise the necessary funds through efficient financial and capital markets. The book is divided into two parts. The second part serves as a guide to the first part, summarizing the key points of each chapter in the first part, suggesting study methods, and providing answers to Part B of the exercises in the first part. The book is rich in content, concise in writing, and clear in concepts. The inclusion of numerous cases and charts makes it engaging and enjoyable to read. It is recommended to be used in conjunction with the other four books in the "Cambridge Business Decisions Classics" series.