11 of 11 people found the following review helpful
5.0 out of 5 stars
For those who want to know the real stuff behind the financial numbers, Aug 22 2009
By J Starz - Published on Amazon.com
This review is from: Analysis for Financial Management with S&P bind-in card (Paperback)
What this book is NOT: This book is not a detailed treatise on financial statements, ratios and how to create financial statements
What this book IS: This book tells you what is behind the numbers. And it does it really really well. It introduces the key ratios in the beginning and from then on, the chapters delve into various aspects of the key financial statements. It provides real life data using financial numbers of real companies. It deals with everything from what drives (operationally) the numbers and ratios; what kinds of capital a company can raise; valuation among other things.
I highly recommend this book for anyone looking to understand whats behind the numbers and how to effectively analyze issues within the company that impact the financial statements.
1 of 1 people found the following review helpful
4.0 out of 5 stars
Simple enough to make sense, sophisticated enough to not sound stupid, Mar 13 2012
By Xiangnan Shi "Jake Shi" - Published on Amazon.com
This review is from: Analysis for Financial Management with S&P bind-in card (Paperback)
Some Front Quotes
Chap1. Interpreting financial statements
Financial statements are likfe fine perfume; to be sniffed but not swallowed.
---Abraham Brilloff
Chap2. Evaluating financial performance
You can't manage what you can't measure.
---William Hewlett
Chap.3 Financial Forecasting
Planning is the substitution of error for chaos.
---Anonymous
Chap.4 Managing growth
Alas, the road to success is always under repair.
---Anonymous
Chap.5 Financial Instruments and Markets
Dont' tell mom I'm an investment banker. She still thinks I play piano in a brothel.
---Anonymous
Chap. 6 The financing Decision
Equity Capital: The least amount of money owners can invest in a business and still obtain credit.
---Michael Sperry
Chap7. Discounted Cash Flow Techniques
A nearby penny is worth a distant dollar.
---Anonymous
Chap8. Risk Analysis in Investment Decisions
Aman's gotta make at least one bet a day, else he could be walking around lucky and never know it.
---Jimmy Jones, horse trainer
Chap.9. Business Valuation and Corporate Restructuring
To complete our merger negotiations, my attorneys will now mark scent your office.
---Fortune
1 of 1 people found the following review helpful
5.0 out of 5 stars
Great Text!, Sep 9 2010
By Adam A. Guerrero - Published on Amazon.com
This review is from: Analysis for Financial Management with S&P bind-in card (Paperback)
This is by far one of the best financial management books that I've read. Higgins does an excellent job applying financial theory to real-world business problems. His text includes many rich, detailed discussions surrounding many widely-used financial models taken for granted, including but not limited to the weighted average cost of capital and the capital asset pricing model, that you will not find in your typical financial management text. Plus, he's a great writer with a great sense of humor!