Financial Management: Core Concepts, Global Edition, 3rd Edition

Raymond Brooks

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Financial Management: Core Concepts, Global Edition, 3rd Edition

By Raymond Brooks
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Raymond Brooks
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For courses in financial management.

Financial Management: Core Concepts is the ideal source material for non-finance majors seeking to learn the key elements of financial operations. The text focuses on the students’ ability to understand complex financial concepts by centering its material around three major learning skills: using tools, making connections, and studying for success. Students are encouraged to start by mastering the major concepts of finance, and then to test their knowledge by forging connections between ideas and applying them to real world situations.


The 3rd Edition contains the most up-to-date information in financial concepts, as well as enhanced and expanded versions of existing subject matter. Financial Management makes the topic of finance interesting and accessible to non-finance majors by relating it to their own personal expenditures and exploring the importance of this field across all disciplines.




Financial Management: Core Concepts contains the following features that facilitate learning:


Student-centric learning material is based around three major competencies:

  • Tools, or the key concepts of finance, are developed early on in the course so they can instill confidence in students and later be applied to complex financial problems. Such tools are:
    • TVM (Time value of money) Concepts
    • Rates of return
    • Interest rates  
  • Making Connections between basic principles and new applications using the tools learned above helps students apply their knowledge to real financial problems.
  • Studying for Success facilitates student retention of the material and tests their ability to grapple complex financial problems.
    • Tear-out Summary Cards are portable mini-reviews that summarize the major concepts of each chapter, as well as study aids such as include key equations, notation from the chapter, calculator keys, and excel variables.
    • NEW! Preparing for Exams builds confidence in anxious students by exposing them to common exam problems and pulled directly from the test bank. Answers are available in appendix 5.


Three-pronged Approach to Problem Solving helps students develop skills applicable to a variety of problems.

  • The text teaches students three methods for solving any complex problems--calculator, equation, and spreadsheet--developing a “do-it-yourself” attitude towards choosing the best method.


NEW! All time-related information has been updated in the text to keep the material current.

  • UPDATED! Interest rates now reflect the historically low levels of the 21st century.
  • UPDATED! Chapters 12 and 13 on cash-flow and cash-flow management have been updated and strengthened.
  • UPDATED! Chapter 14 on ratio analysis provides additional insight that makes the temporal nature of ratios more apparent.


Highly stresses connection with and application to real world situations

  • Personal Finance Experiences begin each chapter and demonstrate how complex corporate issues can be applied to simple, everyday financial problems, making the text more relatable to students unfamiliar with finance.
  • Finance Follies exemplify major financial scandals to put in context how important the subject is in real life.
  • Putting Finance to Work are widely varied career snapshots that demonstrate how finance is used in various unrelated fields. This helps non-finance majors understand how the material can be crucially applicable to various fields they may plan to pursue.
  • Mini-Cases at the end of each chapter relate chapter concepts to all kinds of business situations and firms. Each case tests student retention with a series of questions.
  • End of Chapter Questions, of which there are approximately 400 problems and 180 conceptual questions throughout the book, test student knowledge and help them retain material.
  • Advanced Spreadsheet Problems appear at the end of most chapters to provide flexibility in assigning questions to individuals or teams.


A beautifully illustrated text adds a visual component to numerical concepts

  • NEW! Illustrations with a Purpose addresses the needs of the visual learner by helping students visualize important financial concepts.
  • NEW! Graphic Illustrations are another source the text uses to “see” a concept.



Table of contents
  • Part 1: Fundamental Concepts and Basic Tools of Finance
  • 1. Financial Management
  • 2. Financial Statements
  • 3. The Time Value of Money (Part 1)
  • 4. The Time Value of Money (Part 2)
  • 5. Interest Rates
  • Part 2: Valuing Stocks and Bonds and Understanding Risk and Return
  • 6. Financial Management Bonds and Bond Valuation
  • 7. Stocks and Stock Valuation
  • 8. Risk and Return
  • Part 3: Capital Budgeting
  • 9. Capital Budgeting Decision Models
  • 10. Cash Flow Estimation
  • 11. The Cost of Capital
  • Part 4: Financial Planning and Evaluating Performance
  • 12. Forecasting and Short-Term Financial Planning
  • 13. Working Capital Management
  • 14. Financial Ratios and Firm Performance
  • Part 5: Other Selected Finance Topics
  • 15. Raising Capital
  • 16. Capital Structure
  • 17. Dividends, Dividend Policy, and Stock Splits
  • 18. International Financial Management
  • Appendix 1 Future Value Interest Factors
  • Appendix 2 Present Value Interest Factors
  • Appendix 3 Future Value Interest Factors of an Annuity
  • Appendix 4 Present Value Interest Factors of an Annuity
  • Appendix 5 Answers to Prepping for Exam Questions
  • Glossary
  • Index
  • Credits