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Entrepreneurial Finance, 4/E
Philip J. Adelman, DeVry University
Alan M. Marks, DeVry University

ISBN-10: 0132434792
ISBN-13: 9780132434799

Publisher: Prentice Hall
Copyright: 2007
Format: Paper; 416 pp
Published: 07/12/2006

Suggested retail price: $77.60
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For courses in Financial Planning for the Entrepreneur, Financing for Business, Small Business Management, Principles of Finance, Personal Finance, and Entrepreneurship.

 

For many, starting a business can be an overwhelming experience. Understanding the financial aspects of running a business can be even more daunting. Entrepreneurial Finance, Fourth Edition, was written to help a broad range of U.S. business owners understand the core financial aspects of business entrepreneurship. Discussing sole proprietorships, partnerships, limited liability companies, and private corporations, the text clearly explains key financial topics such as financial statements, break-even analysis, working capital management, and time value of money. A unique chapter on personal finance and faculty and student Web sites make this text easy to learn from and to incorporate into one’s course. 

For courses in Financial Planning for the Entrepreneur, Financing for Business, Small Business Management, Principles of Finance, Personal Finance, and Entrepreneurship.

 

For many, starting a business can be an overwhelming experience. Understanding the financial aspects of running a business can be even more daunting. Entrepreneurial Finance, Fourth Edition, was written to help a broad range of U.S. business owners understand the core financial aspects of business entrepreneurship. Discussing sole proprietorships, partnerships, limited liability companies, and private corporations, the text clearly explains key financial topics such as financial statements, break-even analysis, working capital management, and time value of money. A unique chapter on personal finance and faculty and student Web sites make this text easy to learn from and to incorporate into one’s course. 

 

Hallmark Features

 

Thorough coverage of financial statement analysis—appears in the text.

  • Discusses horizontal, vertical, and ratio analysis of financial statements in detail. 
  • Provides examples of financial statements from each type of business ownership. 

Inventory management and working capital—is covered in more detail than competing texts.

  • Covers working capital management using the example of Hannah’s Donut Shop (a real small business).
  • Illustrates problems associated with limited storage space, weekly deliveries etc., in a concrete and meaningful way. 

Capital budgeting—includes least cost method as well as traditional net present value methods.

  • Gives students personal examples that they can relate to—such as the purchase of a new air conditioner, hot water heater, and furnace—and shows which methods are the most practical to use.  

Basic financial and economic concepts—are presented clearly at the beginning of the text.

  • Familiarizes students with specific vocabulary used in finance, providing an excellent background for the rest of the course.

SBA (Small Business Administration) requirements—are provided early in the text.

  • Discusses the pro forma financial statements, capital budgets (purchasing equipment) and inventory.
  • Shows why it is important to learn about finance and how mastering these topics can positively impact business success.    

Comprehensive appendices—appear at the end of the text.

  • Devote coverage to working with Excel spreadsheets and calculators, solutions to all even-numbered problems, Time-Value-of-Money tables and case studies.

 

New Topics: Fully updated materials including:

  • A simpler presentation of economic concepts
  • Expanded discussion of cash flow statements
  • Added amortization tables
  • More details on sources of financing, internal rate of return
  • Added alternative sources of financing
  • Succinct discussion of retirement planning
  • Synopsis of 2005 Bankruptcy Abuse Prevention and Consumer Protection Act 

New! Time-Value-of-Money is covered in two chapters—Chapter 8 and Chapter 9.

  • Helps students recognize the differences between lump-sum and annuity applications.
  • Devotes time to this difficult topic and provides the reader with specific examples of how individuals and businesses use the six time-value-of-money formulas.  

New! Increased emphasis on practical applications—appears in this edition.

  • Includes more applications than in previous editions and recommendations to help students create their own business plans.  

New! Calculator instructions—are provided in Appendix A.

  • Show the formulas for using a programmable business calculator to perform different functions.  

New! Updated financial statements

  • Starbucks
  • UPS 

New! Student website—at www.prenhall.com/adelman.

  • Consists of student materials including Excel files, PowerPoint slides and links for helpful web resources.  

New! Instructor resources available online—and on the Instructor’s Resource CD.

  • Offers two convenient formats to access the following support material: updated Excel files with Solutions, Instructor’s Manual, Test Item File, PowerPoint Slides and a Computerized Test Bank.

 

1.      Financial and Economic Concepts

2.      Financial Management and Planning

3.      Financial Statements

4.      Analysis of Financial Statements

5.      Profit, Profitability, and Break-Even Analysis

6.      Forecasting and Pro Forma Financial Statements

7.      Working Capital Management

8.      Time Value of Money: Using Lump Sum

9.      Time Value of Money: Using Annuities

10.  Capital Budgeting

11.  Personal Finance

 

APPENDIX A: WORKING WITH SPREADSHEETS AND CALCULATORS

APPENDIX B: TIME-VALUE-OF-MONEY TABLES

APPENDIX C: ANSWERS TO EVEN-NUMBERED EXERCISES AND PROBLEMS

APPENDIX D: CASE STUDY

 

GLOSSARY

 

INDEX

  • Student Website, 4/E
    Adelman & Marks
    © 2007 | Prentice Hall | On-line Supplement | Instock
    ISBN-10: 0132434849 | ISBN-13: 9780132434843


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  • 0131755943Entrepreneurial Finance, CourseSmart eTextBook, 4/E
    Adelman & Marks
    © 2007 | Prentice Hall | On-line Supplement; 416 pages | Instock
    ISBN-10: 0131755943 | ISBN-13: 9780131755949
    URL: http://www.coursesmart.com
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