Fundamentals of Financial Management, 8th Edition (includes Discovery Career CD-ROM)
Author: Eugene Brigham, Eugene F. Brigham, Joel F. Houston
List Price: $107.95
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ISBN: 0030241871
Publisher: International Thomson Publishing (1996)
Sales Rank: 205,275
Average Customer Rating: 2.71 out of 5
Customer Reviews
Rating: 5 out of 5
Great for graduate study
Many people get this book wrong. This is a book for graduate students, not for undergraduates. It introduces the concepts of financial accounting in a condensed way, which does require more time and patient to understand it, like the way we study in MBA program. Since this book assumes its reader as future statement readers, it introduces finanical statements, including balance sheet, income statement, and cash flow statement,in the first few chapters to let student understand the linkage among them. It is usually very difficult to understand for those without background, though. Plus, given the fact that this book is required by most of top MBA programs, like Chicago, Columbia, and NYU, I'd like to say that accounting professors have told us the quality of this book. For those who have a hard time on this, I would also recommend its accompanied study guide and solution manuals (used one available on amazon website ISBN 0030269695& ASIN: 0030182697; make sure get the right edition!!). After all, this is a good book, but requires more practices. Good luck.
Rating: 4 out of 5
Better than one dimensional accounting books
This is a great book for persons who want an integrated approach to financial analysis. I think it is best used as a reference (I wouldn't want to read through it), and have used it frequently as such, post-MBA (NYU). It should definitely not be looked at as an accounting primer, nor even as an accounting textbook. While another leading text instructs on one-dimensional "analysis" of financial statements, this book provides a much more multi-dimensional framework for analyzing information. Not for the faint-hearted or for those who just want rote number-crunching techniques.
Rating: 5 out of 5
This is a great book
I am currently enrolled in the CFA program (Level II candidate), and this book was used for my first corporate finance class. I must say that I was a bit turned off at first by the amount of colorful pictures and charts the Brigham book contained under the assumption that the more staid the book was, the less gimmicks it had and the better it was (like the Brealey-Myers book). However, I was repeatedly struck by how conscise Brighams' explanations and examples were. The book not only had exhaustive coverage, but it was very well-written. The vignettes at the beginning of each of the chapter really shows a good application of the chapter's lesson in the real world.When ever I come across a question concerning finance, I almost always reach for the Brigham and Houston book first--it's that good.
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