Principles of Finance with Excel [With CDROM]

by Simon Z. Benninga

Book Overview

Principles of Finance with Excel is the first textbook that comprehensively integrates Excel into the teaching and practice of finance. This book provides exceptional resources to the instructor and student, combining classroom-tested pedagogy with the full potential of Excel's powerful functions.

In today's business world, computation is done almost wholly in Excel. Excel's ability to combine graphics with computation and perform complex...

• Format: Hardcover
• Language: English
• ISBN: 0195301501
• ISBN13: 9780195301502
• Release Date: January 2006
• Publisher: Oxford University Press, USA
• Length: 928 Pages
• Weight: 3.70 lbs.
• Dimensions: 1.6" x 9.4" x 7.6"

Customer Reviews

The Best of Finance

No questins about this. This is the best Finance book I have ever had. Easy, simple, everything is explained in such an easy way that even if you have no idea about Finance, you will get it. The graphics for Excel talk by themselves. I highly recommend this book to anybody interested in the financial area, either at beginers or higher level. Best book by far!

Principles of Finance with Excel

I wish we had used this book in my financial management class. Unlike most textbooks this one is not dry and tedious; it's actually very readable and practical. If you do most of the excercises and take advantage of the CD, you will gain a real understanding of finance. And as a bonus you can also develop some useful excel skills. Who uses a financial calculator at work? I wanted a finance book that relied heavily on excel. I didn't see many out there, surprisingly. I'm glad I picked this one up. It's a keeper!

Simply the best Intro to Finance book out there

With an undergraduate degree in economics and two years of working experience in Wall St, you can say that I had the chance to read quite a few finance books. I find Principles of Finance with Excel to be hands-down the best Intro-Finance book of them all. Not only does it explains the finance topics very clearly, it teaches you how to apply this knowledge in Excel. This is by far, in my opinion, the best way to learn finance. Furthermore, since solutions to the exercises are included on the CD, this book is perfect to the self-motivated reader. Lost or stolen, I would purchase this book again.

Another Masterpiece from Doctor Benninga

This book is by far the best book for introducing students to Finance and Excel. Doctor Benninga is in my opinion one of the best authors out there and he has again gracefully managed to publish a book that will become a classic just like his previous work Financial Modeling. I've had the opportunity to teach some classes of corporate finance and this book is an excellent introductory into the field of finance and the use of excel. In this book the student is able to learn everything from simple calculations of present value all the way up to valuing options. I fully recommend this book to anyone seeking to learn about finance or excel applied to finance. A most have definitely!

Develop Sophisticated Financial Modeling Skills

As a university teacher of strategic corporate finance and optimal investment, I have watched the financial industry analytics transcend hand calculation with financial calculators to financial modeling with spreadsheet software. Depending on whether the financial specialty is in corporate or banking/brokerage, the job skills requirement can range from corporate cost control to optimal portfolio design. In watching the analytics development within the financial industry, I have repeatedly witnessed students with financial modeling skills obtain jobs that are typically reserved for specialists holding advanced degrees or having multiple years of experience. My course design typically takes the form of a strategic analysis class in either corporate financial planning or investment issues. Optimal corporate financing affects optimal investments. Additionally, since my research interests are in international corporate finance, global finance themes surface in most lectures. In corporate finance, raising funds on favorable terms and then allocating those funds efficiently among various projects are decisions made by every company financial officer-in every country; in investment, fund managers face global choices. Thus, business is no longer exclusively domestic ventures. It is because of this that I would like to see a global analysis chapter added in the next revision of both of Dr. Benninga's textbooks. Business, and the financing of business, is global-even at the principles level. Statement: There is not an employer on the planet who will care that you can solve a time-value-of-money problem using a hand-held calculator. Real world financial applications require spreadsheet analysis. CORPORATE: Companies are increasingly requiring sophisticated modeling skills from financial specialists. Logic in today's business environment calls for constant surveillance of possible global funding sources in an optimal growth strategy. There is no better way to do this than through financial modeling using the business spreadsheet standard-Excel. With the skills developed in studying advanced business analytics in Dr. Benninga's textbooks, a businessperson can develop "what-if" scenarios analyzing the effects to a business in a change in any economic or financial element. The gain from being able to complete a model forecasting company strategy and financials is being able to increase efficiency in business operations. This efficiency comes from being able to analyze the events that affect business, either favorably or unfavorably, and then adjust operations and project financing appropriately. Company growth is directly affected by this ability to adjust operations. Growth at any level requires capital: Either capital in the form of machinery or capital in the form of money in order to purchase machinery. Being able to forecast company strategy and financials allows company flexibility in growth planning and budget. Optimal strategy realizes that the only