Product Description The best-selling Fundamentals of Corporate Finance (FCF) is written with one strongly held principle� that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, there are three basic themes that are the central focus of the book: 1) An emphasis on intuition�underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. 2) A unified valuation approach�net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects. 3) A managerial focus�the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment.. . The Eighth Edition continues the tradition of excellence that has earned Fundamentals of Corporate Finance its status as market leader. Every chapter has been updated to provide the most current examples that reflect corporate finance in today�s world. The supplements package has also been updated and improved. From a new computerized test bank that is easier than ever to use, to new narrated PowerPoint for students, to new interactive learning modules, student and instructor support has never been stronger. There is also an optional, exciting new web-based program called "McGraw-Hill�s Homework Manager" that will help your students learn corporate finance by duplicating problems from each chapter in the textbook and by providing automatic grading and feedback to both students and instructors..
Customer Reviews:
BEST BOOK FOR Corporate Finance!!!June 8, 2008 It's really very interesting and useful book for corporate finance and you can find many good and usful things in this book!
A good and readable book on Corporate FinanceSeptember 20, 2005 5 out of 5 found this review helpful
"Fundamentals of Corporate Finance" is a recommended textbook of finance which is simple to read and follow. I am a Senior Engineering manager and wanted to have a good grasp of financial principles and concepts. I found the book to be very user friendly. As I go up the corporate ladder, I need a good grasp of financial concepts and their practical implementation in the real corporate world. This book provided me with most the information I needed.
The book will enable the reader to use the theory underlying corporate financial decisions to assess advanced corporate issues and decisions. The major topics covered in the book include financial statements, valuation of cash flows, capital structure and budgeting, risk and return, use of debt and equity, cash and credit management and international corporate finance, among other topics.
The book has a wide range of learning tools that should facilitate the learning process. Reference to several website reinforces the concepts being presented in the book. Whether one is a student wishing to learn the important subject of finance or a manager wishing to manage the company finances more effectively, this is a good choice of book.
The only limitation I found in the book is its main focus on US systems only with few examples on what is happening in Europe and elsewhere. To learn about the City Institutions (London) or European Stock Exchanges, for example, you have to search for your information elsewhere. Notwithstanding this, I enjoyed reading the book, particularly self-assessing my understanding by attempting the exercises in the CD-ROM which comes with the book.
katzApril 19, 2005 5 out of 6 found this review helpful
Wow! Great! Excellent! Amazing etc.., the list can continue.This is one book that any starter in finance area will want to learn from. Its a power-packed source of information for any student who is just starting to learn finance, however if you are already a pro in finance, then don't even considering this book because you'll finish reading the entire book in a couple of weeks.
I used this book for my exams preparation along with brealey myers text and the combination simply pushed my rank into the outstanding bracket.
This book is particularly useful for the following chapters: 5. Introductio to valuation: time value of money 6. Discounted cash flow - Interesting chapter opening 7. Interest Rates and Bond Valuation - Great Derivations 8. Stock Valuation - Once again great derivation on formula's 9-11: Capital budgeting - will be useful to only absolute starters. I liked the material in Brealey Myers text, it is more advanced 12. Some lessons from corporate market history 13. Return,Risk and Security Market Line 15. Cost of Capital 19-21: Short Term Finance - Best coverage, though not complete in all respects.
Finally one honest note, I didn't know how to produce PV/FV/Annuity tables by myself before I bought this book. Now I able to produce them all by myself.
I you want to dig deeper in finance, just like I am doing, then I suggest you buy this book and principles of corporate finance by brealey myers.This book will provide you with the base that is needed to cover the other book that I mentioned.
Good BookMay 27, 2004 0 out of 11 found this review helpful
I am new to Finance aspects. This book very well served the purpose. Thank you
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