Finance is, in a real sense, the cornerstone of the enterprise system—good financial
management is vitally important to the economic health of business firms,
hence to the nation and the world. Because of its importance, finance should be
widely and thoroughly understood, but this is easier said than done. The field is
relatively complex, and it is undergoing constant change in response to shifts in
economic conditions. All of this makes finance stimulating and exciting, but also
challenging and sometimes perplexing. We sincerely hope that this Eleventh Edition
of Fundamentals will meet its own challenge by contributing to a better
understanding of our financial system.
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Fundamentals of Financial Management
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Finance is, in a real sense, the cornerstone of the enterprise system—good financial
management is vitally important to the economic health of business firms,
hence to the nation and the world. Because of its importance, finance should be
widely and thoroughly understood, but this is easier said than done. The field is
relatively complex, and it is undergoing constant change in response to shifts in
economic conditions. All of this makes finance stimulating and exciting, but also
challenging and sometimes perplexing. We sincerely hope that this Eleventh Edition
of Fundamentals will meet its own challenge by contributing to a better
understanding of our financial system.
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