Teaching Students the Logic of The seventh edition of Financial Management provides students with an overview of financial management suited to a first course in finance.The focus of the text is on the big picture, providing an introduction to financial decision making grounded in current financial theory and the current state of world economic conditions.The authors believe that students learn better when they learn the intuition behind the complex concepts. Financial Management shows students the reasoning behind financial decisions and connects all of the topics in the book to the Five Key Principles of Finance.Principle 1: Money Has A Time Value Principle 2: There Is a Risk-Return Trade-off Principle 3: Cash Flows Are the Source of Value Principle 4: Market Prices Reflect Information Principle 5: Individuals Respond to Incentives
Dr. Keown is an Alumni Distinguished Professor and the R. B. Pamplin Professor of Finance, currently teaching Introduction to Finance to undergraduate students. In 201, he was named to be one of 10 Alumni Distinguished Professors on campus and was the first and only Alumni Distinguished Professor in the Pamplin College of Business. He is a member of the Academy of Teaching Excellence. He has won several excellence awards at Virginia Tech including the Certificate of Teaching Excellence (5 times), W.E. Wine Award for Teaching Excellence and the Alumni Teaching Excellence Award. He received the first Pylon Away for Honor from the Student Government Association and has been honored by the State of Virginia by receiving the Outstanding Faculty Award for Excellence in Research, Teaching and Service.
Assigned textbook for introduction level financial management subject as part of an MBA.
I didn’t read cover to cover but consumed a good amount of this book which aligned to the course material.
I found it covered the concepts well, each chapter was well illuminated with real world examples and case studies, and it referenced back to fundamental financial concepts really well. Reasonably well structured it was easy to use a reference to refer back to different parts to review concepts when researching assignments.
I found myself referring to this book (rather than googling) a lot more than some other subjects/texts so from my perspective this makes it a great introductory reference on finance.