The financial concepts are explained very nicely. Though it is my first finance book i can go through it without much difficulty or extra help. However there are still some drawbacks need to be noticed:

1. Need more charts and graphics to explain the concepts, ie: when explaining the DU PONT System, i think the pyramid structure can be illustrated so as to state a whole concept, not only fragments

2. Too many examples

3. This book is too detailed in both relevant and irrelevant matters

Still, I think it is a good book.

If possible, please tell me the difference between this book (Fundamentals of Corporate Finance by Richard Brealey) and Principles of Corporate Finance by Brealey and Myers. I currently own the 5th edition of Principles; having worn the book down with constant thumbing, I am looking for a replacement.

Any suggestions would be appreciated.

I and my friends(with no business background) are studying corporate finance by ourselves using this book and all of us are very satisfied with the book so far.

The concepts are explained very clearly(even kindly) and sample tests with complete solutions are very useful. The book also has solutions for selected end-of-the chapter problems and I enjoy mini cases which help me apply the concepts to the practice in detail.

I had tried other finance books before and most of them were not clear in explaining concepts and a bit difficult for me(my major was chemistry). I think that this book is probably the easiest and the best book to begin with for starters in finance.

This book examines the problem of financial misstatements with a special focus on Enron. The book is light on facts and analysis, but heavy on opinion. Most of the chapters just restate contemporary criticisms of contemporary management decision-making (e.g., greed). The authors have very little to say about warning signs and the accounting used by management to mislead investors. Those wanting a more substantive analysis of the issues and the perspective of an insider should read Arthur Levitt's new book, "Take on the Street."

If your looking to share an opinion with someone and you feel like business leaders are letting you down, then by all means, pick up this book. This book stands on its own and appologizes to no one. The Wharton Business school's review is dead on in citing that the authors are trying to get at something much deeper than the shallow perspective of accounting. Something is fundamentally broken ... and these boys point it out. This book is not about greed, its not about Enron, its not about accounting methods, but its about a deeper and more fundamental issue that no one else seems to be getting to .... our system for understanding the current economic, legal and technological functionality of our corporations is broken. As the authors point out, "Have you been able to tell recently when you hear an earnings report on the news if anyone can tell the difference between them lying to you and the truth? I've been listening and I can't distinguish Xerox today from Xerox a year ago when I hear it on the news. The people these guys are talking about begins with us. Read this book and read it deep. There is a warning here that we all better pay attention to. Remember, this book is acknowledged to have been written before all this Enron stuff took place, and then a little Enron perspective was added. If the authors are actually that correct, we have a long way to go to fix the curret problems.

In another era, we might have been tempted to shrug off How Companies Lie as just another polemic against corporate greed. In the wake of Enron, Global Crossing, Tyco and a host of other corporate scandals, however, we must (sorrowfully) admit that this book is as timely as it is insightful. Readers will gain much from the book's explanation of some of the actual accounting techniques that companies use to mislead investors, as well as its advice on how to spot telltale signs that a company might be cooking the books. While financial and accounting experts might find this analysis a bit basic, we from getAbstract recommend this book to all general business readers.

I had to read a few chapters from this book for one of my finance classes. At first I was very skeptical of the text because of the authors' obsession with CAPM, beta, and modern portfolio theory. These concepts make no sense at all. They only serve to illustrate that even the most elegant mathematical models of the world have little practical value if the underlying assumptions are wrong. Very soon, however, my initial prejudice towards the book began to disappear. Eventually, I read the entire textbook, which wasn't required by my instructor. I still believe that CAPM and modern portfolio theory are all wrong but I was fascinated by authors' extensive discussion of NPV and Capital Structure. NPV, indeed, is the only proper way to value any business venture and no compromise can be made in this respect. Brealey & Myers got that one right.The book is well written and most of the examples and explanations are easy to comprehend...

This Brealey and Myers's textbook, now in its 7th edition, introduces the student to the fascinating world of corporate finance. The first few chapters of the book demystify Net Present Value, the preferred method for calculating the value of an investment project. Brealey and Myers then explain how risk and return are related and introduce the Capital Asset Pricing Model. The CAPM's strengths and weaknesses are both explored in detail. The authors continue by analyzing the significance of dividend policy and debt policy for a corporation -- including the rather surprising result that in perfect markets these just don't matter! The next topic is options, financial and real; major pricing models are covered, and warrants and convertibles get a fair treatment, too. The remaining parts of the book deal with a variety of topics such as valuing debt, managing financial risks, financial planning as well as mergers and corporate governance.

At 1071 pages, Principles of Corporate Finance can hardly be called a short book. Introductory textbooks often suffer from a "too-much-too-little" syndrome, in that numerous topics are covered, but none too well. Brealey and Myers easily avoid this pitfall. Their writing is solid and manages to keep the reader's interest. Although available space puts a limit on what can be said, the book's coverage is quite comprehensive and well linked to the results of modern research. Moreover, all topics receive their fair share of treatment so you can actually understand the theories the book presents. It should be noted here that some mathematical background is probably necessary to make the book easy reading.

Each chapter contains many problems which can be used to facilitate the learning process. I found them very useful. The only complaint I have about the book (International Edition) is that the binding proved less than perfect, as after a while pages started separating from the main body of the work. But that is a problem I can live with.

All in all, an interesting, readable, authoritative introduction to corporate finance.

I have used this book three times now: as an undergraduate in financial economics, at the training program at an investment bank, and at the core finance course at my MBA. It is a very good resource and learning tool, going from the very basic ideas of discounting all the way to options pricing and more innovative finance.

This is the preferred learning tools of all finance professors I have met and the reference used by all finance professionals I met. It is very simple to follow the concepts of the book, especially if you purchase the study guide that is available with it.

The only major concern I have heard is that it does not deal with the more recent finance problems of off-balance sheet financing and other shenanigans. This is a book meant to teach basic financial theory, so those topics, in my opinion, are better treated elsewhere.

The summary for this book is deceiving as it does not have the solutions to the questions in the text. It has new questions and their solutions. If you are looking for the answers to all the problems in the text, get the solutions manual!

THIS IS THE BEST BOOK FOR THOSE WHO ARE INTRODUCING AT THE WORLD OF FINANCE. IT'S WELL WROTE AND VERY CLEAR. I'VE USED A LOT OF BOOKS IN MY CARREER AND NEVER FIND ANOTHER ONE LIKE THIS. I RECOMMEND IT FOR ALL THE STUDENTS IN FINANACE AND BUSSINESS AND FOR THOSE WHO WANTS TO START IN THE FINANCE STUDY

USPS took 3 1/2 weeks to deliver. Pay for the extra shipping to get product in a timely manner.

The solution's manual is just as full of MISTAKES as the book itself - one huge catastroph that should be forbidden for any serious student of Corporate Finance. Scandal!

I bought this book thinking that it would help me verify the answers, but in fact there are too many errors in the book. I have found a lot of problems out of sequence, and a lot of them not properly done. I have contacted the author to mention about the errors but haven't heard from him yet.