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Financial management is a key subject area for academics. This is why many students feel keen to grab the best books on the subject to prepare for their exams. On its own, financial management is a vast field so it entails a deeper understanding from its students.
Selecting a good book on financial management can be challenging because it is pertinent for a student to get complete coverage. We have shortlisted some of the best books on the subject for your reference so that you can study confidently. Some of these books are timeless classics.
5 Best Books on Financial Management & Reviews
1. Financial Management: Theory & Practice
Author: Eugene F. Brigham and Michael C. Ehrhardt
Publisher: Cengage Learning
This book is everything that a good book on financial management must be since it offers vast coverage. The book is self sufficient for someone preparing for academic purposes even for higher levels.
It covers a vast array of topics such as companies, formulas on fixed income securities, stocks and options, valuations of projects and more. The author presents a very practical approach to studying the subject of financial management. This is done with the help of illustrative examples and a bounty of questions to test the theoretical learning.
The book is directed towards factual learning. Additionally, the author also aims to develop the skill of building financial strategies in the mind of the readers. Presented in a sophisticated structural format, the book progresses from an introduction to the explanation of concepts and practical examples.
With the help of additional information with most topics, the authors provide a very useful approach for the students to learn from this book. This book is meant to serve as a complete guide and reference for the readers. So, it is best to use for academic purposes as well as for professionals.
Summary: The reader is bound to appreciate the comprehensive coverage of this book. This book will be useful for students since it provides vast coverage of major concepts.
2. Fundamentals of Financial Management
Author: Eugene F. Brigham and Joel F. Houston
Publisher: Cengage Learning
The author delivers an exciting book on the topic of financial management. This is because the book focuses on the topic of corporate finance and its application in the corporate world. The author uses a student friendly approach to make the book more accessible for academic purposes. In this text, various topics are explained with a proper introduction and examples to make them clearer for students.
The book draws inspiration from both financial management concepts and data on corporate finance. The author has achieved a very precise presentation of the matter in this book because he has clarified concepts, introduced theory and applied practical examples to make sure that the student can make the most of this book.
Some of the concepts which are included in this book are new. Yet other concepts are presented with a newer approach which makes it easier to understand them.
Summary: The readers will appreciate the cutting edge format of the content because it is unlike anything that most books offer to them. This is truly an exciting book for avid learners to stock.
3. Financial Management: Core Concepts
Author: Raymond Brooks
This book is a classic one with a wide collection of examples and questions. Due to this, it is an excellent pick for students who need it for academic purposes. The book stands out from its alternatives because it is aimed to appeal to people with a non finance background. Due to its friendly text and illustrative content, they can easily build a base in the subject.
The book mainly focuses on the use of tools, connections and studies to drive excellence at learning the content. The book follows a basic format based on which, readers are introduced to various concepts and topics. Following this, they can test their knowledge in the concepts by solving various practical problems at the end of each topic.
Coming from a professor in the subject of finance, one can expect a directional approach when reading this book. There is merit in the fact that the author has done an excellent job with this book because he has also been awarded multiple times for his style of writing.
Summary: The book offers an opportunity for a variety of readers to polish their skills in the field of financial management. It is easy to read and understand for newcomers as well.
4. The Meaningful Money Handbook
Author: Pete Matthew
Publisher: Harriman House
Although not a complete handbook on understanding the peculiarities of financial management, this book is no less than a treasure. Written by a finance expert, the text in the book will prove to be a precious collection of content because it guides you to manage your finances. The author draws inspiration from the fact that many people fail to protect their family in the long run.
The author explains a clear set of rules in this book since most people never realise their importance. The structure of the content is precise, which is evident from the sparse number of pages of the book. Yet, the book achieves some incredible feet by educating the reader about his financial decisions.
To use this book, it doesn’t matter where you stand today because it will still help you. The jargon free book will help you succeed in your money matters and put you on the right path to manage your funds with ease. It is remarkable to see the author use the simplest terms in this book. Yet, he achieves the target to teach the concept of financial management to his readers quite skilfully.
Summary: The book is as meaningful as its title, quite literally. It is highly informative and useful for the reader in search of financial motivation and advice from someone skilled an experienced.
5. Guide to Financial Management
Author: John Tennent
Publisher: The Economist
The author begins this book like any other, with a plain and simple introduction to financial management. At the same time, he connects with the reader by understanding their plight and need to process the subject of financial management so that they can make better decisions in their life.
The author presents a compelling case for the reader so that he understands the different facets of the subject. As a financial expert himself, the author attributes his knowledge to different sources. This book is a result of his years of information gathering and sharing with his readers.
In all its essence, the book remains accessible to the reader’s mind, which yearns to understand this subject. The author examines the role of decision making in achieving the varied goals of an organisation. He highlights the issue of the absence of formal training in the field of financial management, which is closely linked with many other aspects of management. This renders many professionals unable to make the right decisions. With this book, the author wants to help these people because they are responsible for the success of their organisation.
Without throwing any technical jargon on the reader, the author ensures that his book remains useful to them.
Summary: This is a book that will be appreciated by a wide section of readers. It may not be much for someone already familiar with the concepts of financial management though.
The field of financial management is quite vast and includes several concepts and principles. This makes it important for readers to equip themselves with the relevant knowledge in this field. This is increasingly important for ambitious professionals today. We hope that these books will help you gain the required knowledge in the field of financial management. If you have read any other book in this field, do share it with us below.