![]() ![]() Yet I was still able to get 80 pages of notes from this text and it is the last out of the series I intended to study. I go to great pains to eliminate filler and within that seek to eliminate anything redundant text-to-text. When I study a source, whether it is a finance or economics text from the Dummies series or one of The Great Courses (DVD lectures and texts as advertised in The Economist), I am generally able to distill about 40-50 pages of notes. But these sections fulfilled my purposes and helped me to understand the interplay between each aspect. Perhaps least useful for most were the detailed and generally less applicable aspects of capital asset valuations, derivatives, risk, portfolio management, capital structures and mergers and acquisitions. This section could potentially be very useful for anyone running a small or large business, and even for someone like me, who is mostly interested in how financial systems work, it provided a clear idea of the multiple considerations any business has to make.Įven though the author provides substantial detail in certain sections, he also manages to cover off the basics for those new to finance whether with respect to time value of money equations or the ins and outs of stocks and bonds and the type of contexts one needs to develop to effectively buy and sell securities. The middle of the book includes an almost endless series of specific formulas (metrics) to assess data and the various financial positions of a firm for various purposes. Structure-wise the beginning and end of the text are likely most relevant to most readers. ![]() From there the author explores the different ways to raise capital before delving into the specifics of evaluating weights on a balance sheet (assets, liabilities, shares, income statement, cash flows, etc.). At the professional level same: analysts, auditors, adjusters, traders and treasurers. At the institutional level this includes depository institutions, insurance companies, securities firms, underwriters, exchanges, regulatory bodies and central banks. The text begins by familiarizing readers with the different types of intermediary institutions and professionals involved in financial decision-making. What distinguishes this text from the other finance texts is obviously its focus on corporations and the considerations large companies are required to make. Having studied the other finance books in this series, I felt this was the best organized in terms of developing concepts clearly and sequentially while keeping the examples and application of the tools presented relevant. “Corporate Finance for Dummies” by Michael Taillard is an excellent resource. "Corporate Finance For Dummies" introduces you to the practices of determining an operating budget, calculating future cash flow, and scenario analysis in a friendly, un-intimidating way that makes comprehension easy."Corporate Finance For Dummies" covers everything you'll encounter in a course on corporate finance, including accounting statements, cash flow, raising and managing capital, choosing investments managing risk determining dividends mergers and acquisitions and valuation.Serves as an excellent resource to supplement coursework related to corporate financeGives you the tools and advice you need to understand corporate finance principles and strategiesProvides information on the risks and rewards associated with corporate finance and lendingWith easy-to-understand explanations and examples, "Corporate Finance For Dummies" is a helpful study guide to accompany your coursework, explaining the tough stuff in a way you can understand. Score your highest in corporate financeThe math, formulas, and problems associated with corporate finance can be daunting to the uninitiated.
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