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Published
March 2021
Page Count
372
ISBN (Digital)
978-1-4533-3789-9

Managerial Finance

Version 1.1

Included Supplements

Key Features

  • New in Version 1.1: Over 90 embedded videos recorded by author Brad Barnhorst provide context, explain concepts in further depth, and engage the students by dynamically connecting them to one of the book’s authors.
  • Prime areas of focus are practical applications and ethics. Relevant topics in finance are explained in a clear concise, applied manner to facilitate accessibility to non-finance majors, without sacrificing the depth necessary for finance majors.  
  • Flexible structure facilitates use at different levels. An advanced course would likely utilize all the chapters, while a course for non-majors may only use some of the modules. Provides the necessary depth of knowledge without sacrificing breadth of coverage.  
  • Encourages thinking about business problems from a financial perspective and by using an ethical stakeholder model.
  • Emphasizes practical, working knowledge by providing a multitude of concrete worked examples that demonstrate applicability across all business functions.
  • Step-by-step approach ensures theory discussions are supported by quantitative analysis.
  • Integrated discussions of technology enhance student learning through spreadsheet problems and recorded videos.
  • Ethical issues and real-world problems are woven throughout, so students can see the “bigger picture” implications of their decisions. An ethics feature appears in each chapter.

Students

Online Access Price
$35.95
Color Printed Textbook with Online Access Price
$60.95
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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.  

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Additions & Errata

  • Changed Cash and Cash Equivalents value from "20.0" to "21.9" in "Table 4.7 Pet Products Forever Inc. Pro Forma Balance Sheet Second Pass (Thousands) 2018" in Chaper 4, Section 2 (5/6/21)