Customer Reviews

Schaum's Outline of Financial Management

5 star:		(6)
4 star:		(0)
3 star:		(1)
2 star:		(0)
1 star:		(1)

 

 

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!

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.

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.

I don't know what that reader below is saying.?? This book was very helpful to me when I used this for a finance class. It's great because it has quizzes/exams, definitions, key terms, a useful index, many many sample problems, and formulas in bold. When you are a busy person and are using this as a refresher, or in conjunction w/ a textbook, it's very helpful to have this paperback workbook to go through for a quick reference.

I've referred to it many times while reading through my textbook, doing homework problems, or studying for a test.

Love the schaum's series - this one in particular has been very useful to me.

I recommend this text to financial professionals I teach ... VERY helpful to clear the cobwebs several years after college!

This work is a good supplement to the class text. It has hundreds
of solved problems depicted. In addition, the Schaum's covers
international financial management problems which are not always
found in the standard texts. This is a good practice
workbook to reinforce the current text and class notes.
Complex cash flow problems, present value and return on investment problems are shown with accompanying diagrams to aid
in the visual presentation. This text is excellent in order to
prepare for formal licensing exams and other comprehensive
tests .

Okay in Brief- there is 1042 solved questions.
This book is really good and it is very useful for students and beginners as well. You will never regret buying it at all. just go and buy it and pray for me.

just open the first sample page. you see that the author does not even understand what profit maximization, as defined by economists, is. i would be careful if i were you.