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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. |
