Schaum's Outline of Financial Management [Paperback]

Jae K Shim (Author)

Book Description

ISBN-10: 0070579229 | ISBN-13: 978-0070579224 | Publication Date: January 1, 1998 | Edition: 2

Designed for both undergraduate and graduate students, this popular study guide­­25,000 copies were bought of the first edition!­­ covers everything from financial analysis and forecasting, planning and budgeting to leverage and capital structure, mergers and acquisitions and multinational business finance. This closest-thing-to-a-personal-tutor includes many problems with fully worked out solutions and a comprehensive exam. It's ideal for independent study, as preparation for CMA and CFA exams and for professional review.

Editorial Reviews

From the Back Cover

Master financial management with Schaum's­­the high-performance study guide. It will help you cut study time, hone problem-solving skills, and achieve your personal best on exams! Students love Schaum's Outlines because they produce results. Each year, hundreds of thousands of students raise their test scores and final grades with these indispensable study guides. Get the edge on your classmates. Use Schaum's!

If you don't have a lot of time but want to excel in class, this book helps you:

• Brush up before tests
• Find answers fast
• Study quickly and more effectively
• Get the big picture without spending hours poring over lengthy textbooks

Schaum's Outlines give you the information your teachers expect you to know in a handy and succinct format­­without overwhelming you with unnecessary details. You get a complete overview of the subject. Plus, you get plenty of practice exercises to test your skill. Compatible with any classroom text, Schaum's let you study at your own pace and reminds you of all the important facts you need to remember­­fast! And Schaum's are so complete, they're perfect for preparing for graduate or professional exams.

Inside, you will find:

• 1042 solved problems, including step-by-step solutions
• Hundreds of additional practice problems, with answers supplied
• Clear explanations of financial management concepts and practices
• A comprehensive exam to test your mastery of the material

If you want top grades and thorough understanding of financial management, this powerful study tool is the best tutor you can have!

Chapters include:

• Introduction
• Financial Analysis
• Financial Forecasting, Planning, and Budgeting
• The Management of Working Capital
• Short-Term Financing
• Time Value of Money
• Risk, Return, and Valuation
• Capital Budgeting (Including Leasing)
• Capital Budgeting Under Risk
• Cost of Capital
• Leverage and Capital Structure
• Dividend Policy
• Term Loans and Leasing
• Long-Term Debt
• Preferred and Common Stock
• Warrants, Convertibles, Options, and Futures
• Mergers and Acquisitions
• Failure and Reorganization
• Multinational Finance

About the Author

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Product Details

• Paperback: 480 pages
• Publisher: McGraw-Hill; 2 edition (January 1, 1998)
• Language: English
• ISBN-10: 0070579229
• ISBN-13: 978-0070579224
• Product Dimensions: 10.8 x 8.2 x 0.9 inches
• Shipping Weight: 1.9 pounds
• Average Customer Review: 4.2 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #931,286 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful:

5.0 out of 5 stars Perfect for the preparation of CMA, April 9, 2000

By 

"neoage" - See all my reviews

This review is from: Schaum's Outline of Financial Management (Paperback)

I am an ordinary salery man and now preparing the CMA. Financial Statements are complex and not-easily-understandable ones, but should-be-understood ones for business people or to-be business people(students). This Schaum's series is a good practice book to understand the business language(Financial Statements). Schaum's series are very popular for their problem-driven method in understanding theory. The basic rule is "Good understanding means good applicable ability to our real world". Sometimes students forget this basic rule. I couldn't understand why in my school days I could't practice enough with problems like in the Schaum's. So I chose this book to prepare my CMA exam. It is a perfect practice book for your exam in Financial study and also very fast way to get a picture of the Financial statements. If you are a second tongue in English, this book is the very fast way to understand the English Financial Statements. If you are a native, you are a lucky man because you can get to the top two times faster than a foreigner by this book. Don't give up and good luck!

5 of 5 people found the following review helpful:

5.0 out of 5 stars I passed, September 25, 2002

By A Customer

This review is from: Schaum's Outline of Financial Management (Paperback)

I would recommend this book if you are looking to pass the DANTES principles of finance test. The contents of the book match well with the test subjects, and I was able to pass the test. The pass rate for this test is 21%, and this was the only study aid I used.

3 of 3 people found the following review helpful:

3.0 out of 5 stars Good Study Material but Some Sloppy Errors, March 10, 2005

By 

Mark Yelavich (Roseville, California) - See all my reviews
(REAL NAME)   

This review is from: Schaum's Outline of Financial Management (Paperback)

I read this book to supplement my CFA curriculum studies. Compared to other Schaum's books, Financial Management by Shim and Siegel merits a rating of between 3 and 3 1/2.

Four chapters covering topics of Risk Return & Valuation, Capital Budgeting, Capital Budgeting Under Risk, and Cost of Capital were excellent. Other chapters were also well written. The problem sets solidified concepts and were a pleasure to work through.

The authors present the material in a straight forward and easy to understand manner. They provide numerous examples of how to apply the concepts which are truly beneficial.

My main complaint is that there are dozens of errors throughout the book, which indicate sloppy proofreading. This can potentially frustrate readers new to the field of financial management. Calculation errors (!), misapplication of formulas (Do vs. D1) and mislabeling of charts (time lines / cash flows) were particularly frustrating and can be confusing.

I welcome the authors to contact me if they plan to release an updated edition (this book copyrighted 1998). I'll be glad to share with them the errors (at least I think they are!) I found.

It would also have been nice if the authors utilized financial calculators for some of the TVM (time value of money) applications and indicated the keystrokes. A break-out box showing the steps on a Texas Instrument BA-II or HP12-C (two popular financial calculators) would be helpful.

In sum, Financial Management is a very readable book. It is comprehensive, practical, and provides a good depth of discussion without getting too theoretical. Just watch out for the silly mistakes.