Richard A. Brilly et al.: Brealey, Myers, Allen Understanding Financial Management

The book deals with the theories and practices of corporate finance that business financial managers should know. It is a bit of a joke that financial administrators must acquire the practical knowledge and skills associated with their duties. But the reason you have to learn the theoretical background of work is because you're going to be very hard to understand. Most financial managers learn from experience how to respond and solve everyday problems in companies. The managers, who are noted for their outstanding abilities, are generally quick and flexible to change and slow down learning and experimenting with new things. The quickness and the flexible response to change is difficult to achieve with the guesswork that we've learned from experience. It is only possible to understand the principle of how companies and markets work, how finance works, that is, it must be fundamentally understood. Perhaps readers who lack advance knowledge of financial management are confused by a vague suspicion and fear. They dare to say, “There is no need for it.”. The book has various ways and detailed explanations of how finance theory can discover and solve the real problems of business in financial matters. After learning the theory slowly and carefully, you will discover that you have a certain level of understanding of how the world works, business, financial decisions, economics, and so forth. There are lines of communication that distinguish between the important and the unimportant, the things that need to be considered and the things you need not worry about. No theory is perfect or complete. So is the financial theory. There is also a lot of theoretical and practical topics that are debated among financial administrators.

Korean title: Brealey, Myers, Allen 재무관리의 이해

Korean author: 리처드 A. 브릴리 외

Korean publisher: 교문사

ISBN-13: 9788936322069