Applied Corporate Financial Management provides the beginning finance student with the entire range of analytic tools, which are necessary to perform at a high level as a professional financial analyst. The focus of this manual and text is on brevity, key concepts, and mathematical analytics, which are made simple. A basic high school level facility with algebra is all that is needed.

This book, now in its third, expanded edition, captures the connection between accounting data and the financial and analytic use of the data, while exploring the pitfalls contained therein. A great deal of time is spent on the theory of interest or "time value of money," the most essential thread of the discipline. A thorough and applied treatment is provided for capital budgeting techniques; methodological critiques are provided for each method and the competing techniques are evaluated versus one another. Additionally, securities valuation and capital structure are presented within the context of the corporate environment.

Problems and solutions are provided throughout the manual so that the student learns not only abstract concepts, but how to apply them in a real world setting. A sense of accomplishment with the completion of each exercise and section spurs the student to confidently continue forward. Accordingly, nearly every page is self-contained, with a clear topical heading at the top. The student will proceed seamlessly and smoothly from page to page and from topic to topic - in linear fashion.

This is an essential text and manual for any student wishing to master the tools, concepts, and controversies in this exciting field.

About the author

Kenneth S. Bigel is a former financial analyst at Bankers Trust Company and Ford Motor Company. He is a renowned consultant to many Wall Street and industrial firms. Dr. Bigel is a member of the Academy of Financial Services and the Securities Industry Association. Currently he is associate professor of finance and chairman of the business department at the Lander College for Men in New York City. He holds M.B.A. and Ph.D. degrees from New York University.