Managerial Finance

Managerial Finance is suitable for managerial finance, financial management, or corporate finance courses taught at the undergraduate level in two- and four-year colleges and universities and at the graduate level.

Managerial Finance features an unusually robust integration of theory and practical application. Development of financial “intuition” and the ability to successfully apply learning to new situations is the primary goal of the book. Consequently, the learning strategy first encourages students to understand concepts before equations and discussion of operations are presented. To support the development of financial intuition, each core theoretical concept is supported by numerically based applications. All theory and application are presented in the context of decision making within an ethical stakeholder model.  

This textbook models and employs a discounted cash flow approach in order to examine the financial aspects of business management. It addresses solving problems by hand, by using a financial calculator, or by using spreadsheet software. Prerequisites for this text are a basic understanding of accounting principles and enough algebra to handle rearranging equations. Rudimentary spreadsheet exposure is beneficial, but not mandatory. Therefore, this book is appropriate for courses that range from a minimal equation approach, designed for a broader business audience, to a more rigorous approach, designed for finance majors.