Financial Management: Principles and Practices

This is an excellent introduction to finance at the freshman or sophomore level. Oriented towards corporate financial management more than investments, it nevertheless has several chapters useful for investing. The chapter on time-value mathematics is very clearly written, with useful screen shots of calculator displays -- one of the best and simplest presentations of this subject I have seen. The chapter on statistical measures of risk is also very clearly written, very well done for an introductory treatment. Highly recommended for an introduction to the subject.

This is an excellent book for those who want to delve into finance. It is equivalent to 2nd year material. Finance, most often offered in 3rd year here in Canada, requires knowledge of statistics (i.e. stats, econometrics...etc Intermediate level; 2nd year) when reviewing certain budgeting options; you won't need this for the book. Don't be dismaid, your not missing key information by using this 2nd year stuff (you get all of the math too at an easier to comprehend level).The disk included with mine helps to build your financial knowledge through a website connection and with practice, but this is not mandatory and is designed for the hardcore finance junkies like myself.It is only a 4-star because I want more challenging material, but being a 2nd year course I have to wait until 3rd year.