Fundamentals of Financial Management

The Fundamentals of Financial Management, 12th edition, stands out from other books on similar topics due to a number of key features. Firstly, it has a pronounced practical orientation, allowing readers to thoroughly understand the main problems that finance professionals face: investment project planning, working capital management, and business financing. Readers will also learn how to read a company's financial statements and develop financial plans. Secondly, the practical sections of the book rely on a comprehensive and accessible presentation of the basic concepts of financial management. Independent chapters are dedicated to studying the time value of money, the valuation of stocks and other financial assets, and the risk and return of securities. Thirdly, although the book is designed for use as a fundamental textbook for a financial management course, it can also serve as a reference for finance professionals and a guide for preparing for the Certified Financial Analyst exam. Fourthly, immediately after working through the material of each chapter, the reader has the opportunity to test their skills in solving problems of varying complexity. At the same time, they can check their progress in mastering the material right away by referring to a special section with a detailed explanation of the solution process for these problems. For solving a number of problems, Excel files are provided on the publisher's website "Williams".
And finally, fifthly, the book has its own English-language website, where readers can use the materials to reinforce their knowledge of specialized financial terminology.
The goal of this edition of Fundamentals of Financial Management is to familiarize readers with the decision-making process in the financial sphere and teach them to correctly interpret the impact that these financial decisions have on the creation of company value.
It is intended not only for students of economic universities but also for participants in professional development courses for managers; individuals preparing for various professional exams, as well as practitioners in the field of finance.