Synopses & Reviews
It explores the "big picture" and actual practice -- i.e., financial decision making rooted in current financial theory and in the current state of world economic conditions. Presents the tools, techniques, and equations of financial management but stresses -- and presents in an intuitive way -- the logic and the fundamentals that drive their use. Focuses on the creation of wealth -- emphasizing the concepts of the time value of money, cash flows as opposed to accounting profits, the net present value, and risk-return tradeoffs. Gives strong attention to the capital markets and their influence on corporate financial decisions.