Financial Management: Principles and Applications, 13/e

Preface

The thirteenth edition of Financial Management: Principles and Applications updates our materials and further refines our pedagogical approach in ways that make the material much more engaging to all undergraduate students, regardless of their major.

Our Approach to Financial Management

First-time students of finance will find that financial management builds on both economics and accounting. Economics provides much of the theory that underlies our techniques, whereas accounting provides the input or data on which decision making is based. Unfortunately, it is all too easy for students to lose sight of the logic that drives finance and to focus instead on memorizing formulas and procedures. As a result, they have a difficult time understanding ...