Others say...

"Marcel Douven Netherlands"
We used this "Brigham" for the course financial management, MBA programm.
The book gives a good overview and analysis of the main issues and is rather easy to understand and pleasant to read. You sould be aware that some issues are seen through the American glasses. Very usefull, I warmly recommend it.

"Dissenting Opinion"
Like many of the other reviewers, this text was required for my MBA program. As intro books go, I think that this book is much more advanced then what many reviewers have indicated.

Plus, my terms are 8 weeks long and this textbook is way, way too long for such a short time period. My school should adopt a textbook that is shorter in length. The book has over 25 long chapters. We barely studied half that before the term came to an end.

I felt that the layout of the text was not great. By this I mean, it would have been very helpful if, like other textbooks, the publishers/authors defined terms and concepts in the margins. Often times, the authors failed to provide clear definitions in the narrative forcing you to go to the glossary.

Next point, the authors present the material in long dense paragraphs which can be a challenge to get through. They need to break things up a bit more and interject more solved problems and examples.

I found this text more "academic" in nature and not something I could use as a reference on the job. I am looking for the practical and not the theory.

Bottomline, I would rather use a textbook that gets to the point faster, has more worked out problems, and is more visually inviting so to speak. For example, I have an old edition of Gitman's "Financial Management" and I like it much better then this textbook. The study guide that goes with Gitman's book is really good as well.

Meanwhile, I am debating whether to keep this text as reference or not.




"Best book for learning the "bigger" picture of Finance"
I wanted to learn more about the financial markets and the different products available. I have tried various books on finance before and other related "Get Investment Advice" kind of books. Finally I thought of taking a class on Finance and bought this book. This book explains in good detail on the various concepts on finance but would not recommend for the average person looking to get investment advice. This book talk about the financial market, the various instruments available, how to raise capital, various options available for raising capital, evaluating the financial reports of the companies, under and over-evaluated companies and lot of other good concepts.
This book assumes that you have a strong background of accounting and should be bought by someone trying to understand the overall financial concepts. Could be an under-grad or grad level course study material.
Even without accounting background and without any financial acumen I could easily grasp the concepts but this is not a practical guide on how to invest in the stocks and bonds. Better for a student of finance.

"finacial management"
A very easy to read book. Very good information. I like how it shows how to work the problem in different ways. I could not use the CD that came with it. Perhaps my PC is not compartable with the software. I was a little disapointed with that.

"Great resource for MBA program"
This book was a great help in understanding the concepts and ideas of financial management.

 

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  Financial Management: Theory and Practice (with Thomson ONE)

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What our customer's say!

"Definitely not for self study", The exercises could be improved upon. The book needs a good teacher/instructor in order to "come alive" - not a book for self-study. But then again, which Finance book is?

"Since New Edition is available - not used much now", although I got one in good shape. Did not get the CD i was promised.

"First, they should learn to write sentences!", This book falls into the category of professors who know the material, but just can't communicate it. I can tell it was written on a schedule...sloppy wording, confusing definitions, and unintuitive examples and explanations. This information isn't that tough to understand...poor writing makes it so.

Here's a paragraph defining WACC, p.11.
Financial managers also must make finance decisions relating to how to finance the firm. In particular, what mix of debt and equity should be used, and what specific types of debt and equity should be issued? Also, what percentage of current earnings should be retained and reinvested rather than paid out as dividends? Along with these financing decisions, the general level of interest rates in the economy, the risk of the firm's operations, and stock market investors' overall attitude toward risk determine the rate of return that is required to satisfy a firm's investors. This is a return from investors' perspectives, but it is a cost from the company's point of view. Therefore, it is called the weighted average cost of capital (WACC).

As in the rest of the book, too many words, no directness or clarity.

Don't buy this book for self-study; you'll spend most of your time trying to decipher the obfuscating sentences.

"finance student", I felt that the book was good. Some of the concepts could have been explained in better detail. I notice that on a lot of the chapters the authors repeated some of the material more than once. Some chapters need more practice problems like in chapter 5. This book explains the basic and fundamental concepts good but does not explained the difficult concepts good. Overall, this book was good.

"Not a good book to learn from", This book's explanations were poor at best. It utilized undefined terms, and had a weak glossary/index.
Explanations of financial formulas were sorely lacking, and the organization of these formulas so that one could ever find them wasn't even attempted.

Not recommended.



 
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Read this reviews before You buy...

"Valuable Knowledge", This book was used in our MBA finance course. Many parts of financial management in this book are useful for a financial leader. This book has easy, logical, and coherent valuation formulas related to WACC and other financial measurements. Certainly speaks real life application - I intend to keep this book beyond my MBA program.

"Great Explanations", Overall, this text is well put together. It has good explanations and examples in each chapter. If you choose to take the time and do the self test questions at the end of each section, the answers are in the back. Also, the end of the chapter problems have answers that you can check your work. I haven't used the supporting web material yet, but there are tools and supporting material to download.

"good enough for undergrads + serious MBAs", Terrific intro-level book to corporate finance -- those thinking the book is too basic could not be more wrong: top MBA programs around the country are adopting this book back into their cirricula.

"Great Finance Book", Very well written and organized book on Basic and Advanced Finance Topics. Lots of Problems, cases, Web Material on each chapter. Each chapter starts with basics of the concept and each section has Self Test questions to see how much has been grasped so far. This feature enables reader to make sure whether the topic is comprehended or not.

"A good book for Finance class", This was the text book for my Finance class in MBA program. Even though Finance is not my favorite subject, I actually enjoyed reading this book. Financial concepts are explained clearly, and the attched Excel spreadsheets help a lot in understanding calculation of finncial numbers.

 
 
 

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