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Understanding Financial Management: A Practical Guide Kindle Edition

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Editorial Reviews

Book Description

Understanding Financial Management is designed for those who want to gain an understanding of the fundamental concepts and techniques used in financial management. An underlying premise of the book is that the objective of the firm is to maximize value or wealth. Drawing on a wealth of experience in the academic and professional worlds, the authors discuss how firms can accomplish this objective by making appropriate investment and financing decisions. Bridging the gap between financial theory and practice, the authors present fundamental concepts in an intuitive and nontechnical way, and provide numerous practical financial tips to readers. The focus is on current practice, using results from recent surveys to show the most popular techniques and approaches used by financial managers today.

About the Author

H. Kent Baker, University Professor of Finance, is the author of more than 150 articles for academic and professional journals including the Journal of Finance, Financial Management, The Financial Review, Journal of Financial Research, the Journal of Economics and Business, Harvard Business Review and many others.

Gary E. Powell is an Associate Professor of Finance at Towson University.

Product Details

  • File Size: 5396 KB
  • Print Length: 504 pages
  • Publisher: Wiley-Blackwell; 1 edition (July 31, 2009)
  • Publication Date: July 31, 2009
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B001GQ32NY
  • Text-to-Speech: Enabled
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  • Word Wise: Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Not Enabled
  • Amazon Best Sellers Rank: #1,076,184 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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2 of 2 people found the following review helpful By Andrew S. Marshall on November 14, 2009
Format: Paperback
From a student's perspective, the financial text, Understanding Financial Management: A Practical Guide, by Professors Baker and Powell, is an exceptionally well-charted foray into the abstract, imposing, and complex world of finance and capital budgeting. The authors have deconstructed the material into its components by chapter, and give their students the opportunity to master each (through included Practice Concepts and Problems) before moving on to the next. Finally, they re-assemble each chapter seamlessly into an integrated whole, with almost surprising suddenness and simplicity.

The text is written with exceeding clarity, provides an ample supply of in-stride practice problems with step-by-step solutions, and balances content perfectly with calculation. Refreshingly, the authors also take the time to explain alternative theories where applicable, and then explain why they recommend their proposed methods. Indeed, there are no discernible hints of an agenda in the text; the authors clearly desire only to provide the best possible instruction to their readers, and they do so wonderfully. I highly recommend this book for any student desiring a basic, but complete, understanding of finance and its relation to corporate budgeting strategy.
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0 of 1 people found the following review helpful By L. Waugh on February 27, 2009
Format: Paperback Verified Purchase
This book was used in my MBA Finance class and it did a great job of explaining some rather confusing financial topics. Good book overall.
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