ISBN0195301501

This unique book provides a great combination: a well written, comprehensive finance text with integrated Excel analytical instruction. Most courses in finace have transitioned from hand held calculators to Excel. To have the principles and the analytic tools of finance integrated into a singular text is a unique and a powerful resource for MBA students. This text dwarfs many of the contemporary finace texts. I belief this text to be an essential resource for one to learn modern finance and to possess the fullness of analytic capability provied by Excel.

This book provides clear examples on how to use Excel to solve basic and advance financial problems. Each financial principle is shown with a corresponding Excel model. The success of this book lies in its willingness to explain in detail both the necessary financial principles and the corresponding Excel functions. Benninga also explains when an Excel function does not completely correspond to financial principle as in it the case of the Excel function NPV which does not take in to account cash flows at year 0 while Net Present Value (financial NPV) does.

Even if one is not a financial analyst, I recommend this book. The book will pay for itself once one uses it to calculate the effective annual interest rate (the REAL interest rate you are being charged) on loans, mortgages and credit cards to reduce interest expenses. This book enables an individual to make better decision in business and in their personal life. The use of relevant examples such as the decision to purchase or lease a vehicle makes this book accessible to the average person and helps to demystify finance. With this book finance is no longer the territory of only Wall Street Gordon Gekkos and Patrick Batemans, but it is instead a part of your every decision making.

For those who chose to venture further into later chapters (I am still in the initial ones) one will find much more details on more complicated financial matters (capital structure, divided policy, valuation of stocks), yet the information is still explained with the same clarity. Please take a look at the online table of contents and sample pages.
When I learned finance in college, it was done with a calculator, which I found irrelevant. I only wish that my college had taught with this book. I would have enjoyed class. (The appendix contains an introduction to Excel for those who are less familiar with the application)

I like it. May not be for everyone b/c it is a textbook. Very helpful in solving financial problems.

Excellent in any aspect of the business, (condition, shipping and service)


Thanks.

This book is easy to understand and interesting to read. It has many excellent examples. The excel review section is also uesful. In the course of reading this book, I've learned about finance and excel tricks.