Customer Reviews

Foundations of Finance: The Logic and Practice of Financial Management (4th Edition)

5 star:		(12)
4 star:		(3)
3 star:		(3)
2 star:		(0)
1 star:		(2)

 

 

This is an excellent text. I've read it thoroughly. The material , as presented, assumes a robust course in accounting at the college level. This text is for a student desiring a complete rendition in basic finance topics and techniques. The text is replete with many examples and challenging problems of various complexities. The presentation is easy to read. The book is directed to students perhaps majoring in economics or finance. It is not a purely descriptive rendition of finance. A

considerable amount of so called "numbers crunching" is involved in reviewing this text. As such, the book serves the analytic student optimally. The text is devoid of the most complicated analytics inherent in "quantitatively oriented texts". There is a good appendix on the use of financial calculators ,as well as, present value calculations and other useful knowledge supplemental to the study of finance. This book would be most useful to students planning their careers as financial analysts, corporate planners or private entrepreneurs.

This was the best. A very clear and concise book for the serious student being introduced to the subject of Finance. Other books on the subject I've seen are very abstruse or just plain hard to read aside from weighing a ton. I had another book twice as thick to complement this one and my class abandoned it in short order. This book is comparatively light and chalk full of useful ideas and examples laid out in an organized and methodical manner. The generous use of charts and tables was executed well. Probably as simple as finance can possibly be put while still retaining the rigor and teaching the processes necessary for making financial computations.

Topics included are on basic valuation of various securities and projects using discounted cash flows, capital budget management, liquidity management, etc. I'm still learning from it after school. There simply wasn't enough time to fully cover everything in the book that I would have wanted. Now I'm ready to tackle more advanced corporate finance books/materials.

This is an introductory book for someone who may be interested in becoming a financial analyst but is obviously geared to the educational market for use in schools. The academic slant limits its applicability somewhat. Although it may give a stock market player who wants to start understanding the systematic process involved in the valuation of securities on a cash flow basis some insight for example, discussion on valuation by multiples like P/Es is virtually absent.

Nonetheless a great book.

Assuming no prior knowledge of finance, the text affords you an extensive education in the subject. The authors span a wide gamut of ideas. As in discussing the time value of money. Nowadays, this involves extensive simulations via spreadsheets, and the book shows using Excel how you can gainfully tweak parameters to see differing results. The ready availability of spreadsheets and calculators is put to good use throughout the book. Burdensome calculations are delegated to those devices, leaving you to deal with the higher level issues.

There is a huge number of exercises in each chapter. Clearly aimed at the undergrad environment. There is also a "Web Works" section ending the chapters. Here, the authors refer you to numerous websites germane to the chapter. The book avoids a reference section in each chapter, where this would give a list of texts or journal papers. Instead, the Web Works takes its place. A good call. Today's readers are far more likely to actually utilise it and peruse the links. Simply because it is a lot easier to type in those URLs (yes, even manually type them into a browser) than it is to go to a library and hunt down a bunch of texts.

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.

This book was required by class, but it is an easy to read book. It's not the type of product that requires a repeat buy, and if I had a choice I wouldn't have bought it in the first place. Not because it is a bad book, but because I don't read educational books for fun.

The Foundations of Finance Book: (The Logic/Practice of Fiancial Management - 4th Edition) is a piece of art, education for a life time and educate others. I will enjoy this book forever.

Thank you,

Judy Logan

The book on its own stands OK - I wish there was more diversity to the problem sets. Most of the problem sets in the book are created using a standard template and oversimplified. It's therefore difficult to apply them to more complicated case studies.

Not necessarily required for class but helped me get an A. Good book. I will probably keep it. I bought the study guide from school which was essential to pass the class.

I bought this book for an intro course in finance. Unlike many textbooks, the authors clearly make their prejudices known immediately. I appreciated this. So many textbooks either attempt to disguise their prejudices under a veneer of impartiality or are so bland that it is impossible to tell that the topics being discussed may be subject to some dispute. The practice problems are very helpful in conveying both the logic behind various analyses and how those analyses are implemented in practice. This is the first textbook in my graduate management program that I actually liked.

This text is more or less a survey of the decision making process for financial managers. It's a fascinating glimpse at a world far too complex and dynamic to contain in any textbook.

The subject matter is challenging, but the authors do a good job of making it understandable without making it simplistic. For me, the book has helped me to determine that I want to pursue a deeper education and career in corporate finance.