Financial+Management_+Core+Concepts+(2nd+Editer）
财务管理核心概念英文版P720

一本写了九年的财务基本概念的书

NINE YEARS AGO, with the encouragement of Donna Battista, I started out on
the journey of writing this textbook. We are now in the second edition of a process
that has been a great adventure. The first edition was extremely successful,
and our reviewers and adopters provided some suggestions for this second
edition. So, what’s new in this second edition?
First, we have strengthened the Chapter 2 material on the financial statements.
We have added a connection between the Statement of Cash Flows and the
other financial statements. Second, we have added a discussion on yield curves
in Chapter 5 to help students understand the maturity premium on a macroeconomic
scale. We have added advanced spreadsheet problems at the end of each
chapter for more flexibility in assigning problems for individuals or teams. Of
course, we have also updated the material that was time related and added some
additional insights based on the feedback of students, reviewers, and adopters. But
the general concepts and approach to the book have remained true to the original
design we followed in the first edition.
I began with a simple concept. When a student takes an introductory finance
class, he or she may encounter a wonderful instructor with great teaching talent
and insight. But outside of class, it is the book and the student that form a partnership.
Therefore, the book needs to put the student front and center. It needs to
present the material in a way that encourages students’ efforts to learn and connects
directly to their experiences. So my goal in writing this book is to introduce
the core concepts of finance in a way that reconnects students to their personal
financial experiences and then uses such experiences as a springboard into the
world of corporate finance.
The introductory finance class is the first and last class in finance for the
vast majority of college students. The perspective of these students differs from
that of a finance major. They need a book that shows why finance matters to all
disciplines and that builds from the basics to more complex topics in an organic
approach. So my purpose throughout has been to make the material as simple
as possible, but not overly simplified. It is this balance that I hope creates a solid
foundation for the fundamental concepts of finance for all students.
The evolution of technical support for finance has been amazing. Students
now have advanced calculators or spreadsheet software that can provide solutions
to many of the basic financial problems. However, understanding finance is more
than just solving a financial problem with the aid of these technological tools.
These different tools are all interconnected, and the student who can move seamlessly
from one to another gains a better understanding of the basics behind the
answer. So the book presents three methods to solve many financial problems: the
equation approach, the calculator approach, and the spreadsheet approach. In this
way, the student sees that there are different roads to the same destination.
The evolution of technical support has also been great for the instructor.
MyFinanceLab has been developed to provide the extra support that time constraints
often prevent an instructor from providing to the student. With every
end-of-chapter problem formatted in MyFinanceLab, an instructor can assign
a text-related problem that the students solve online with technical support.