Foundations of Finance: The Logic and Practice of Financial Management (6th Edition)
by Arthur J. Keown, John D. Martin, J. William Petty, David F Scott
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Book Summary Information
Author: Arthur J. Keown, David F Scott, J. William Petty, John D. MartinEdition: Hardcover
Audio: English (Unknown); German (Original Language); English (Published)
Published: 2007-06-21
ISBN: 0132339226
Number of pages: 624
Publisher: Prentice Hall
Book Reviews of Foundations of Finance: The Logic and Practice of Financial Management (6th Edition)
Book Review: A fine textbook for introductory finance courses
Summary: 5 Stars
I am a junior finance faculty. After instructing economics courses for several years it was the first time I'd be teaching finance. I've been using this book for almost 2 months now. It is clear and very well organized.
The first 4 chapters elaborates on how to read the financial statements of a firm. The chapters that follow discuss the valuation of financial securities. The appendix is very concise since it focuses on how to use a financial calculator, which is a must for a financial manager. The remaining chapters of the book focus on various topics like investment and capital budgeting decisions as well as dividend policy of a firm.
I highly recommend this book as a primary text for undergraduate finance courses.
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Summary of Foundations of Finance: The Logic and Practice of Financial Management (6th Edition)
KEY BENEFIT: Keown allows readers to see the big picture by letting them understand the logic that drives finance rather than memorizing formulas. Very user friendly, the basic pedagogical approach to the presentation of new tools and techniques is ?say it? then ?illustrate it with an example? and reinforce with lots of ?real world examples?. As well as including strong international coverage some key topics are: Financial Markets and Interest Rates; Understanding Financial Statements and Cash Flows; Time Value of Money; Risk and Return; Bond and Stock Valuation; Capital-Budgeting Techniques and Practice; Cash Flows and Other Topics in Capital Budgeting; and Current Asset Management. For an enduring understanding of the basic tools and fundamental principles upon which finance is based.Finance Books
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