This text is a concise yet thorough, analytically sound 14-chapter introduction to financial management designed especially for the experienced executive. Where most texts prove to be either too simplistic or too advanced for most non-financial managers, this text employs the appropriate level of both practicality and rigor for the executive audience. Its practical approach makes it ideal for a course taught from a case approach or as a complement to a more technical introductory text. Self-contained chapters make it an excellent and concise reference text and useful for readers who want to learn the concepts on their own outside of the traditional classroom.
Real World Analysis: An in-depth analysis of the financial condition of the Polo Ralph Lauren Corporation has been added to illustrate concepts in practice.
Distinguished Author Team: The authors have extensive expertise teaching this course to executives. The material in this text has been used by over 2000 managers around the world.
Appropriate Coverage: This text emphasizes rigorous analysis but avoids complicated formulas that have no direct application to decision-making. The text fills the gap between introductory accounting and finance manuals for non-financial managers and advanced texts in corporate finance.
Intuitive Presentation of Math: The text presents quantitative material in an accessible manner. Whenever a formula is used, the intuition behind it is explained and detailed applications are provided. Mathematical derivations of formulas are confined to chapter appendices.
Value Creation Theme: The text is organized around the underlying principle that firms should be managed to create value for their owners. Chapter 1 introduces the concept of value creation, overviews the text, and explains how each topic relates to the value creation theme.
Real World Analysis: An in-depth analysis of the financial condition of the Polo Ralph Lauren Corporation has been added to illustrate concepts in practice.
Distinguished Author Team: The authors have extensive expertise teaching this course to executives. The material in this text has been used by over 2000 managers around the world.
Appropriate Coverage: This text emphasizes rigorous analysis but avoids complicated formulas that have no direct application to decision-making. The text fills the gap between introductory accounting and finance manuals for non-financial managers and advanced texts in corporate finance.
Intuitive Presentation of Math: The text presents quantitative material in an accessible manner. Whenever a formula is used, the intuition behind it is explained and detailed applications are provided. Mathematical derivations of formulas are confined to chapter appendices.
Value Creation Theme: The text is organized around the underlying principle that firms should be managed to create value for their owners. Chapter 1 introduces the concept of value creation, overviews the text, and explains how each topic relates to the value creation theme.