Managerial-finance

I'd never had any accounting courses before. This textbook was required for my financial accounting course in an MBA program. The book does a good job of logically explaining all the important topics. Unfortunately, it takes a Herculean effort to sit down and study the material due to the dry subject matter.

The authors did a good job of using examples from real firms, which, I think, makes it more interesting. I've decided to keep this book after the course for a reference.

This is a great book for persons who want an integrated approach to financial analysis. I think it is best used as a reference (I wouldn't want to read through it), and have used it frequently as such, post-MBA (NYU). It should definitely not be looked at as an accounting primer, nor even as an accounting textbook. While another leading text instructs on one-dimensional "analysis" of financial statements, this book provides a much more multi-dimensional framework for analyzing information. Not for the faint-hearted or for those who just want rote number-crunching techniques.

I am currently enrolled in the CFA program (Level II candidate), and this book was used for my first corporate finance class. I must say that I was a bit turned off at first by the amount of colorful pictures and charts the Brigham book contained under the assumption that the more staid the book was, the less gimmicks it had and the better it was (like the Brealey-Myers book). However, I was repeatedly struck by how conscise Brighams' explanations and examples were. The book not only had exhaustive coverage, but it was very well-written. The vignettes at the beginning of each of the chapter really shows a good application of the chapter's lesson in the real world.

When ever I come across a question concerning finance, I almost always reach for the Brigham and Houston book first--it's that good.

Comprehensive, accesible and updated with great Web resources. Highly recommended!

This is a fun and easy to understand book for a often-tedious though important subject --corporate finance. Wachowicz takes pain to update the book through his web page. Excellent!

This book is used in the Applied Capital Budgeting at University of Massachussetts Dartmouth. It's a very helpful and useful book. In order to understand time value of money, financial statement analysis , capital budgeting and risk , return , I am strongly advise you to buy this book.

Reading through this book is a BORE! :( Examples are almost non-existant, there's like nothing (like definitions) on the sides of the pages, and no glossary. How poorly written! Please find an alternative to learn this rather interesting subject. Thank you!
-Upset reader of this school book

Having previously read "Fundamental Financial Accounting Concepts" by the same people, this book was a disappointment. It came off as incredibly dry, and was not all that clear in its presentation of the concepts. The "Fundamental Financial Accounting" volume is great, but I'd recommend another author for the managerial book.

I work in an organisation that has been trying to manage major technical and structural changes for years, and failing dismally (after ten years of fairly strenuous effort it is pretty much in the same position now as then). After reading this book I had a much better understanding of the reasons why that can happen. The guy who wrote this book knows how to research his field and explain it to a layman without boring him to death. This is an excellent case study for anybody with an interest in managing complex organisations and technology.

This is the first book that I stopped reading in the middle. The authors seem to know a lot about cost management and other tools. However, the way to link them together and present in a logical way may be the big problem for this book. It's like a book that reviewed all management new ideas i.e. ABC, BSC, TQM .... and tried to link to the concept of cost management system. But I would say that it really didn't work!!!!!