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Analysis for Financial Management + S&P subscription card

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Like its predecessors, the eighth edition of Analysis for Financial Manage ment is for nonfinancial executives and business students interested in the practice of financial management. It introduces standard techniques and recent advances in a practical, intuitive way. The book assumes no prior background beyond a rudimentary and perhaps rusty familiarity with financial statements—although a healthy curiosity about what makes busi ness tick is also useful. Emphasis throughout is on the managerial impli- cations of financial analysis.

Analysis for Financial Management should prove valuable to individuals interested in sharpening their managerial skills and to executive program participants. The book has also found a home in university classrooms as the sole text in Executive MBA and applied finance courses, as a compan ion text in case-oriented courses, and as a supplementary reading in more theoretical finance courses.

Analysis for Financial Management is my attempt to translate into an other medium the enjoyment and stimulation I have received over the past three decades working with executives and college students. This ex perience has convinced me that financial techniques and concepts need not be abstract or obtuse; that recent advances in the field such as agency theory, market signaling, market efficiency, and capital asset pricing arc important to practitioners; and that finance has much to say about the broader aspects of company management. I also believe that any activity in which so much money changes hands so quickly cannot fail to be interesting.
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