Corporate Finance Demystified

Corporate Finance Demystified
by Troy Adair

Corporate Finance Demystified
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Book Summary Information

Author: Troy Adair
Edition: Paperback
Audio: English (Original Language); French (Unknown); English (Published)
Published: 2005-12-15
ISBN: 0071459103
Number of pages: 307
Publisher: McGraw-Hill

Book Reviews of Corporate Finance Demystified

Book Review: A sometimes helpful supplement to other sources
Summary: 2 Stars

This book attempts to cover, more or less, the content of a typical introductory course in corporate/managerial finance. While the cover claims to "cover all key concepts of corporate finance" and that it contains "clear discussion of all the complex issues," it fails on both counts. Most, but not all, key concepts are covered, and due to the length of the book, many of the more complicated concepts only have a page or two devoted to them. The book assumes that one already has a basic knowledge of accounting and mid-level algebra, and to a lesser extent, microeconomics and macroeconomics. I am a little weak on the math angle, and the book has a habit of displaying a formula that isn't used or explained until several pages later in the book. The quizzes themselves are multiple choice, "A" through "D," but the answer key only gives the correct letter choice. It does not explain how or why any given answer has been arrived at, which is very frustrating if the book hasn't given adequate coverage or explanations of certain functions, which is often.

The book gives generic instructions on how to use a financial calculator to solve some of its problems, but you'll need to dig into your calculator's manual, as the generic instructions were different enough that I usually couldn't directly follow them.

As another reviewer pointed out, there are definite errors in the quiz questions, where it will refer to non-existent information, and one has to guess what part of what chart or figure it might really be referring to. I also believe that sometimes the answer key for a quiz will give the wrong answer, say "A" when the answer is really "C." Unfortunately, the book is published by McGraw-Hill, which, in my experience, goes out of its way to be unhelpful and unresponsive. One can navigate to the Business section of McGraw-Hill's website, go to contacts, e-mail the address given for errata requests, several times, and enjoy deafening silence. Other publishers often print errata on their websites to begin with. I don't think McGraw-Hill stands behind their books, and I think it shows in the quality of their offerings.

"Corporate Finance Demystified" is something you can learn from, but much of it is confusing slog until things begin to fall into place (and not everything does), and you will need to seek out alternative sources of information to understand what "Corporate Finance Demystified" often fails to fully explain.

Summary of Corporate Finance Demystified

There's no easier, faster, or more practical way to learn the really tough subjects

Corporate Finance Demystified offers a comprehensive introduction to corporate finance principles, the time value of money, including present value, amortization schedules, and more. This self-teaching guide comes complete with key points, background information, quizzes at the end of each chapter, and even a final exam. Simple enough for beginners but challenging enough for advanced students, this is a lively and entertaining brush-up, introductory text, or classroom supplement.

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