Hardcover: 688 pages
Publisher: Cengage Learning; 7th edition (January 26, 2011)
Language: English
ISBN-10: 0538477113
ISBN-13: 978-0538477116
Product Dimensions: 11 x 8.7 x 1.1 inches
Shipping Weight: 3.6 pounds (View shipping rates and policies)
Average Customer Review: 3.7 out of 5 stars See all reviews (61 customer reviews)
Best Sellers Rank: #22,386 in Books (See Top 100 in Books) #18 in Books > Textbooks > Business & Finance > Finance #33 in Books > Business & Money > Finance > Corporate Finance #124 in Books > Textbooks > Business & Finance > Economics
This book was a required text for a financial management class in which the class was geared as an introductory course to finance. I found this book extremely difficult to understand as a beginner in this subject area-- the language and vocabulary used was written with the assumption that the reader has a background in finance. Many financial terms were undefined or would be explained only in the fine print of the text. I found myself constantly looking online to define words or better explain concepts because the text did a poor job. Also, went referencing figures and tables in the text, the author would analyze a table and explain it but the table would be on the next page so it made no logical sense... how can I possibly read about and reference the table at the same time? The authors of this book obviously have been around this information far too long and can no longer communicate at an introductory level.
Fundamentals of Financial Management is geared toward courses for people either forming the base for further study in finance or for courses in finance for non-financial managers (which applies to me). If you are going to be in any type of upper management, especially a CEO or executive vice president, you'll need to have a basis for how financials work (as well as if you are in business for yourself).I am finishing up a course in my PhD program that uses this as the assigned textbook. For the most part, explanations are thorough and I really appreciate the samples of excel calculations as well as financial calculator use. Though it is a textbook, for the most part, it's not that difficult to read.My only complaint is that some of the explanations of certain concepts receive little attention in the chapter, but a detailed question is asked in the problems at the end of the chapter based on that concept. There were a couple of times that I had to look to external sources to figure something out from the book. Now, that isn't necessarily outlandish for doctoral courses but someone working on a bachelor's degree or a master's degree shouldn't have to do that.Overall, it's a good textbook for the basics of the financial industry. If I was to teach an introductory financial course (not bloody likely, that's not my strong suit), I would consider using this book.
This book provides the finance concepts you will experience in a graduate MBA program. It is relatively easy to understand, but it is best used in a class where you also have a teacher lecturing. It only provides half of the answers in the back of the book, and does not explain how it calculated those answers. It can be difficult for someone who has never taken a finance course before.
I found Finance to be a really difficult subject. The book was really useful in breaking mostly everything down to make it understandable; however, I also needed my professor to explain a lot of it as well, as the book was still hard to comprehend sometimes for an entry level class/textbook.
As a basic intro to Finance this book is fairly good. The problem is the Aplia homework requires you to figure out things that the book doesn't teach you how to do... so you need to spend a ton of time and frustration trying to google what it is looking for.The Aplia subscription is also very expensive and mandatory if your professor decides to use it... $125 just to be able to submit my homework for the semester. (And that does not include book price, it is just for access to the Aplia site.) It is designed to force your grade lower than it should have been on the first attempt to give the appearance of students progressing to the professor. Occasionally all answer choices to a question will be wrong as well... so you basically have to guess what answer it wants.
I would recommend considering the physical book if you are using this text for a class. With my Kindle (PC), there weren't concise page numbers, instead just location numbers inside the book. This made navigation difficult, making search the only way to pinpoint headings and important topics. If the professor assigns a specific page it is inconvenient.
I used this book for a beginners finance class and it was like meeting death...a couple of times. Case in point, you are on page 181 and it references data from page 29. Formulas in the book out of no where and no description of what they mean and how figures were calculated. If anything, this book is for those who know finance and just need a brief refresher. This book was terrible and I am not even sure how the publishing company published such crap from these two authors.No offense to , they got me the book on time however the way this book is laid out and some of the verbiage used is not seamless at all.
Very few solved examples, extremely tough questions, concepts are not explained clearly. Does not help at all to understand financial concepts.
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