Fundamentals of Corporate Finance was designed and developed for a
first course in business or corporate finance, for both finance majors
and non-majors alike. The text is nearly self-contained in terms of
background or prerequisites, assuming some familiarity with basic
algebra and accounting concepts, while still reviewing important
accounting principles very early on. The organization of this text has
been developed to give instructors the flexibility they need.
The best-selling text has three basic themes that are the central focus
of the book:
- An emphasis on intuition: the authors separate and explain the
principles at work on a common sense, intuitive level before launching
into any specifics.
- A unified valuation approach: net present value (NPV) is treated as
the basic concept underlying corporate finance.
- A managerial focus: the authors emphasize the role of the financial
manager as a decision maker, and they stress the need for managerial
input and judgment.