This text provides an introduction to financial decision-making that links the concepts to four key principles of finance.
Getting Started-Principles of Finance; Firms and the Financial Market; Understanding Financial Statements, Taxes, and Cash Flows; Financial Analysis: Sizing Up Firm Performance; Time Value of Money—The Basics; Time Value of Money—Multiple Cash Flows and Annuities; An Introduction to Risk and Return-History of Financial Market Returns; Risk and Return-Capital Market Theory; Debt Valuation and Interest Rates; Stock Valuation; Investment Decision Criteria; Forecasting Project Cash Flows; Risk Analysis of Project Cash Flows; The Cost of Capital; Capital Structure Policy; Dividend Policy; Financial Forecasting and Planning; Working Capital Management; International Finance; Corporate Risk Management
For an enduring understanding of the basic tools and fundamental principles upon which finance is based.
Sheridan Titman is a professor in the Department of Finance who holds the Walter W. McAllister Centennial Chair in Financial Services. He is also the director of the Energy Management and Innovation Center at UT. Dr. Titman took his Ph.D. at Carnegie Mellon University. His research interests include both investments and corporate finance.
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.