Foundations of Finance: The Logic and Practice of Financial Management (6th Edition) (MyFinanceLab Series)

Topics included are on basic valuation of various securities and projects using discounted cash flows, capital budget management, liquidity management, etc. I'm still learning from it after school. There simply wasn't enough time to fully cover everything in the book that I would have wanted. Now I'm ready to tackle more advanced corporate finance books/materials.

This is an introductory book for someone who may be interested in becoming a financial analyst but is obviously geared to the educational market for use in schools. The academic slant limits its applicability somewhat. Although it may give a stock market player who wants to start understanding the systematic process involved in the valuation of securities on a cash flow basis some insight for example, discussion on valuation by multiples like P/Es is virtually absent.

Nonetheless a great book.


Review of Foundations of Finance by Arthur J. Keown   December 20, 2000
 8 out of 8 found this review helpful

This is an excellent text. I've read it thoroughly. The material , as presented, assumes a robust course in accounting at the college level. This text is for a student desiring a complete rendition in basic finance topics and techniques. The text is replete with many examples and challenging problems of various complexities. The presentation is easy to read. The book is directed to students perhaps majoring in economics or finance. It is not a purely descriptive rendition of finance. A

considerable amount of so called "numbers crunching" is involved in reviewing this text. As such, the book serves the analytic student optimally. The text is devoid of the most complicated analytics inherent in "quantitatively oriented texts". There is a good appendix on the use of financial calculators ,as well as, present value calculations and other useful knowledge supplemental to the study of finance. This book would be most useful to students planning their careers as financial analysts, corporate planners or private entrepreneurs.


Best Finance Book It will help You Make $$$   April 22, 1998
 3 out of 5 found this review helpful

I use this book at the University of Wisconsin Stout. I think this book is excellent. I'm taking a copy with me to London. "A must" if your a Finance major.


A fine textbook for introductory finance courses   February 13, 2008
I am a junior finance faculty. After instructing economics courses for several years it was the first time I'd be teaching finance. I've been using this book for almost 2 months now. It is clear and very well organized.

The first 4 chapters elaborates on how to read the financial statements of a firm. The chapters that follow discuss the valuation of financial securities. The appendix is very concise since it focuses on how to use a financial calculator, which is a must for a financial manager. The remaining chapters of the book focus on various topics like investment and capital budgeting decisions as well as dividend policy of a firm.

I highly recommend this book as a primary text for undergraduate finance courses.


difficult read   April 27, 2005
 0 out of 1 found this review helpful

it seems like the writers of this text's intentions were to confuse the hell out of finance majors and intimidate them so that they would stay away from the finance 'game'.

I'm sure the book is chockfull of information, but using it for the two past semesters, i havent learned as much as i wanted to. Perhaps in the next edition they will be able to make the text easier to understand and read.

Finance can be a very intimidating subject, and the writers of this book seemed to have no intention of making the topic easy to understand.