This easy-to-understand, user-friendly reference tool covers the three major decision-making areas in financial management: the investment, financing, and asset management decisions. It enables readers to understand the financial decision-making process, interpret the impact that financial decisions will have on value creation, and develop a strong understanding of how funds are raised and allocated by today's businesses. Financial exploration includes the basic time value of money concepts, working capital management, capital budgeting techniques, estimating cash flows, electronic commerce, outsourcing, limited liability companies, strategic alliances, and financial statement analysis. For participants in management development programs, candidates preparing for various professional exams, and practicing finance professionals—such as Financial and Loan Analysts; Financial, Cash, and Credit Managers; Controllers, Managerial Accountants; Lending Officers, and Treasures.
Topics discussed in this book are intermediate to advanced level in financial management, and the good news is, this book summarize a huge amount of information and discussion in just one book. So I'd recommend it as a reference book as well as guide for the intermediate to advanced students and practitioners.
The first 6 chapters were very helpful, the laws, derivations and examples were very well explained and illustrated in graphs and numbers. The exercises are extensive and versatile.
I skipped some advanced chapters at the end of the book, because those chapters are beyond my scope of focus for the current time, but I sure am going to re-read the book after I have extended my knowledge and practical experience in financial management, in-sha'a Allah.