Fundamentals of Modern Financial Management

Author: Scott Kimball (USA)
Publisher:
Publication Date: 2004-09-01
Features: The English version of this book is a popular textbook in undergraduate and MBA teaching in American universities. The book's features include: (1) Its content structure reflects the rapid development of the field of financial management; (2) It emphasizes the interrelationships among the various components of financial management. The book summarizes the fundamental principles of financial management theory and practical applications into ten principles and elaborates on the financial decision-making process based on modern financial theory and current international economic conditions around these ten principles; (3) It avoids complex theoretical explanations and mathematical derivations, adopting a lively writing style with numerous examples, detailed calculation steps, and easy-to-understand language, making it highly readable. Financial management is a foundational course for MBA, finance, and accounting programs and is essential for contemporary business decision analysis.
The English version of Fundamentals of Modern Financial Management is a widely used textbook in undergraduate and MBA teaching in the United States. Its key feature is the of fundamental principles in financial management into ten principles, which are then used to explain the financial decision-making process rather than merely teaching financial models and formulas. As a foundational course, the author does not summarize the ten principles and illustrate them with cases, making the content clear and easy to follow. The English version and the Chinese version of the 7th edition have been used in the undergraduate finance program and the finance-track MBA program of the School of Economics and Management at Tsinghua University for multiple terms. Students generally find the book easy to understand, highly readable, and practical. Faculty who have used the book believe it effectively addresses the conflict between the extensive content of the financial management course and limited class time, facilitating heuristic and case-based teaching, thereby improving teaching efficiency and effectiveness.
The 8th edition of the book incorporates the latest theories and practices in contemporary financial management, particularly in areas such as corporate restructuring and exchange rate risk management during financial crises, making it even more relevant to modern financial management practices. This book is suitable for teaching and training at the junior college, undergraduate, and postgraduate levels in finance, accounting, and economic management, as well as serving as a foundational textbook for MBA programs.