This is a comprehensive introductory text on finance which will move the student from an assumption of no knowledge up to a sound intermediate level of knowledge. It is internationally developed and produced to the quality of a typical US finance textbook. It is aimed at second/third year undergraduates of accounting and finance, economics, business studies/management, in the UK and international markets, including S E Asia, Australasia, South Africa, and northern Europe, including Benelux and Scandinavia. The book will explore the theory underpinning this subject, and go on to explore the gap between academic finance theory and real-world practice. The book will attempt to provide an up to date picture of recent theoretical re-evaluations. The book moves from a general appreciation of the financial world, through an extensive treatment of the investment decision, risk and return, and sources of finance, to a comprehensive analysis of corporate value, including mergers, risk management using derivatives, and managing exchange rate risk. Throughout, FT and Investor's Chronicle cases are used to give a real-world emphasis to the subject. The book comes with an extensive supplements package.