Book Description

Garrison/Noreen has been- and still is- the market-leading text in managerial accounting, having educated close to 2 million students since its inception. In short, Garrison is the Guide in Managerial Accounting.The lighthouse on the cover symbolizes that for this difficult course, Garrison's comprehensive but manageable coverage, author-written supplements, and peerless end-of-chapter material makes it a safe and dependable choice for instructors and students alike. The loyalty and following it has achieved is due to the authors unwavering commitment to three simple principles: relevance, balance, and clarity.

• Relevance- Every effort has been made to help students relate the concepts in this book to decisions made by working managers. The Managerial Accounting in Action segments within the chapters help students apply concepts to real world problems.
• Balance- Garrison mixes its coverage to include a variety of both service and manufacturing organizations- this includes new coverage of e-commerce and e-tailers. Service examples have been expanded in this new edition and these are marked with a S icon in the margins.
• Clarity- The entire supplements package has been written by the author team to insure that students and professors will work with clear, well-written supplements that employ consistent terminology.

Reviews (10)

Managerial Accounting, 9th edition
This is an outstanding book, which covers complex topics on a very friendly manner. Maybe for some readers this book may seem hard to understand, so I strongly recommend everybody to think over the necessity of studying managerial accounting. For me as a person who works with internal finance and who makes prompt decisions upon raw timely data, the book was a relief. It covers such immensely important topics as break-even, leverage, cost behavior and structure, and so forth. One suggestion, do not learn everything by heart, it's useless. You never learn everything in managerial accounting. Use the book as a reference for your everyday needs. Good luck.

good accounting book
not a big fan of accounting, but i must admit, this is a really good textbook. anytime i got lost in my classes or lecture, this book explains things in a very clear and organized way to help you better understand. the problems are long but extremely helpful in getting a handle on the methods. the real world examples they use in the text also adds to whatever concept you're learning. i couldn't imagine a better managerial accounting book at the moment. so 5 stars. yup. i'm so glad i'm done with this course...

Not for the novice
What I do not understand about these accounting textbooks is that they give all this wonderful case studies and examples, but when it comes to mba exam times we are faced with far more difficult questions that require prompt and correct answers. This book is so long winded and goes on about topics that are irrelevant. Hope this is not part of your MBA course, We need examples with solutions applicable to examination guidelines...

Managerial Accounting, 10th Edition
Garrison/Noreen has been and is still the leading text in managerial accounting, having educated close to 2 million students since its begining. In short, Garrison is the Guide in Managerial Accounting. The lighthouse on the cover symbolizes that for this difficult course, Garrisons comprehensive but manageable coverage, author-written supplements, and peerless end-of-chapter material makes it a safe and dependable choice for instructors and students alike. The loyalty and following it has achieved is due to the authors unwavering commitment to three simple principles: relevance, balance, and clarity. Relevance- Every effort has been made to help students relate the concepts in this book to decisions made by working managers. The Managerial Accounting in Action segments within the chapters help students apply concepts to real world problems. Balance- Garrison mixes its coverage to include a variety of both service and manufacturing organizations- this includes new coverage of e-commerce and e-tailers. Service examples have been expanded in this new edition and these are marked with a S icon in the margins. Clarity- The entire supplements package has been written by the author team to insure that students and professors will work with clear, well-written supplements that employ consistent terminology.

Great guide for Cost / Managerial Accountants
This book is great for Cost / Managerial Accountants as well as new comers to the field of cost accounting. I read this book as part of MBA curriculum and loved every bit, even though I do not have an accounting background. ... Read more

Amazon.com

Here's another management parable that draws its lesson from an unlikely source--this time it's the fun-loving fishmongers at Seattle's Pike Place Market. In Fish! the heroine, Mary Jane Ramirez, recently widowed and mother of two, is asked to engineer a turnaround of her company's troubled operations department, a group that authors Stephen Lundin, Harry Paul, and John Christensen describe as a "toxic energy dump." Most reasonable heads would cut their losses and move on. Why bother with this bunch of losers? But the authors don't make it so easy for Mary Jane. Instead, she's left to sort out this mess with the help of head fishmonger Lonnie. Based on a bestselling corporate education video, Fish! aims to help employees find their way to a fun and happy workplace. While some may find the story line and prescriptions--such as "Choose Your Attitude," "Make Their Day," and "Be Present"--downright corny, others will find a good dose of worthwhile motivational management techniques. If you loved Who Moved My Cheese? then you'll find much to like here. And don't worry about Mary Jane and kids. Fish! has a happy ending for everyone. --Harry C. Edwards ... Read more

Reviews (161)

Motivation ?
FISH! is he story of a woman searching for a way to revitalize her workgroup and in the process save her job. The solution she finds comes from the unlikely place of the local fish market. By listening to the stories of one of the market's clerks our heroine is able to take back to her own problem four basic tenets for success. She meets her staff at the corporate "toxic waste dump" and is able to convert them to a person from a group of dispirited losers into the best team in the company.

The 112 pages of this book read very quickly and the ideas in the book are quicker still. They are basic and they certainly are sound ideas for motivating people. However, I think that the parable of Mary-Jane and her dysfunctional team was far too simplistic to stand up to real world application and that is a serious detriment to the book. Once the lead is converted she meets with her team who, after one negative comment, begin to embrace the ideas wholeheartedly. Where are the perpetual whiners ? Where are the "We have always done it this way" complaints. How about that perennial favorite "It isn't our fault" ? And best of all - The sullen non-complainers who will agree to anything to get the meeting over with but resist any real change ? I am not trying to be a spoil-sport here but these are serious obstacles to the kinds of change that this book tries to implement. I think that this book is either much too long to explain what the four ideas are (and they are good), or it is much too short to actually serve as any kind of an implementation tool.

It is also a poorly written story. Rather than as a parable of one woman's self discovery, I would much rather have seen it as a non-fiction management book with the story of Mary-Jane interjected as an example. As written it is not a good manual nor is it a helpful example.

A Fish Story That's Real & Inspirational
What does a "Toxic Energy Dump" and throwing fish have to do with life, especially performance in the workplace? A great deal according to the authors of The Fish.

In this parable you learn very quickly and easily how to turn around a "toxic" environment. Although the solutions may sound simple and obvious, they remind us - that regardless of our position in an organization, it's a great thing to find enjoyment and satisfaction in our ordinary day-to-day work lives. The writers provide simple descriptions of what attitude and fun can do to turn around the "toxic energy dump" in the workplace. The fable and principles show you how to bring hope and excitement to the people who perform the "back room" functions.

This book is a quick read, with principles that are easy to grasp and apply. Laughter and fun are great bridge builders between people - I encourage you to try The Fish and see how these principles are used to build bridges not only at a renowned fish market in Seattle, but between people within a back room department and other departments.

Always Smell Your Fish Before You Buy
This book was given to me as part of a Fish seminar conducted by my company. The book must be addressed on three different levels: as a story, as a philosophy, and as a business book. The story is about a woman who takes over a failing department in her company, finds the inmates are running the asylum, learns some pearls of wisdom from some local fishmongers, teaches the employees the philosophy, and ends up with a successful department. The preceding explanation is only slightly shorter than the book itself, which contains so much white-space that it could easily be halved, and repeats so often that it could easily be halved again. As bad as the story and writing are, the philosophy underlying the Fish idea is even worse. It is essentially a hedonistic philosophy - that what employees really need to perform well is enough fun at work. The problem is that all jobs and careers involve a certain amount of tedium. Everone must "pay their dues." Too often the people complaining the loudest are those that refuse to deal with tedium as a fact of life. As a business book it fails as so many business books do because the ultimate goal of the book is not to attract a reader, but to convince corporations to buy a whole suite of products and services: the books, videotapes, fun fish things, decorations. Avoid this book, read Drucker instead.

Would rather be fishing
This book reminded me of a story about cheese. The ideas make sense, but the story is childish and doesn't provide an action plan. I recommend reading Rat Race Relaxer: Your Potential & The Maze of Life instead.

Insipid Garbage
I was unfortunate enough to have been made to read this utter, banal trash. This 'book' is yet another in the endless deluge of 'management' aids. Being a manager myself I was extremely disappointed as this book offers no new insight or any hints to great management secrets. Once one gets past the countelss pages of fluff, the underlying moral is simple...your job is what you make of it. If you have a positive attitude and outlook, your job will be enjoyable. If you think your job is boring and menial then it will be just that. These are basic common sense ideals that any capable manager should already be instilling on its employees. If you are a manager and are unfamiliar with these concepts then you are obviously either ill-trained or completely inexperienced and should not be a manager in the first place.
My true rating would be NO STARS, but the lowest possible was one star. ... Read more

Book Description

Information systems knowledge is essential for creating competitive firms, managing global corporations, and providing useful products and services to customers. This book introduces management information systems that readers will find vital to their professional success.Emphasizes the digital integration of the firm through enterprise applications (management of the supply chain, customer relationships, enterprise systems, and knowledge). Offers vivid examples, engaging and interactive exercises, and the most up-to-date information to illustrate the impact of information technology on business. Highlights new applications and technologies to digitally enable business processes for electronic business and electronic commerce—i.e., what will improve firms' relationships with customers and create additional value.Provides new Running Case on Laudon Web site and accompanying CD-ROM; examines a fictitious company called Dirt Bikes USA, with each text chapter containing a project requiring readers to use application software, Web tools, or analytical skills to solve a problem the company has encountered.An indispensable reference for managers and executives who wish to integrate or update MIS in their organizations. ... Read more

Reviews (16)

Not sufficient for the DANTES MIS test
The recommended reading list for the DANTES management information systems test listed "Management Information Systems: Organization and Technology by Kenneth and Jane Laudon" current edition. [Although this particular book's title is "Management Information Systems: organization and technology in the networked Enterprise"]

This one appeared to be the latest book that Kenneth and Jane Laudon had available.

The content was okay, but not sufficient to pass the DANTES MIS test. I had to supplement my studying with the MIS book by James A. O'Brien. If you are looking for a textbook to use for passing the DANTES MIS test, use the James A. O'Brien book.

The layout of the book is VERY distracting. Not an easy read. Not smooth flowing due to the hideous layout. The book's graphics designer probably thinks it's a work of art. But then they probably only had to "look" at it, not actually TRY to read it!

Writers must know the technology
While studying for MBA, my course teacher suggested this book as text. After reading this book, I could not undertsnad why the book is still in market? It has so many technical mistakes. I am mentioning one here.
The authors described "Star Topology" as: consists of a central computer connected to a number of smaller computers or terminals. Anybody having basic knowledge on computer networking will disagree with this definition. Actually the computers are connected to a hub or switch, not to a computer, and the computers need not to be 'smaller'.
The definition of other network topologies are also flawed. At the end of section 'The Ring Network' the authors commented that: Both ring and bus topologies are used in local area networks (LANs)... Probably they want to say that Star topology is not used in LAN, but the fact is that most of LANs in today's world use Star topology.

The book is not intuitive
I am a computer programmer and had to use this book as a requirement for CIS class for my MBA degree. In my class I did not meet a single person who liked the book or found it satisfactory. I don't claim that I know everything about MIS. But the terms I knew are not explained well in the book. And it is very hard to understand terms I did not know. To illustrate my point, here is book's definition of the term 'hypertext markup language (html)' - "Page description language for creating Web pages and other hypermedia documents." In my opinion you don't explain word 'hypertext' with 'hypermedia'. "Page description language for creating Web pages" doesn't sound intuitive either. Most of the definitions sound like that. The only positive thing was that Book Store gave me 50% of the book price back when I returned it.

Case Study, How Can I get the answer?
Hi, everybody!!!

This book is the one, don't doubt it. Well, anybody know where i can get information about the cases studies, i would like compare my answers with a credible source.

Well, thanks a lot.

Managers, Sales Rep.'s, MBA-students.... this is a must have
The emphasis of this book is how organizational change is required to implement an information system. At this point, we have all been involved in new implementations or updates to existing implementation. This book addresses logical approaches to managing the organization during these changes.

This book is **not** for techical administrators; however, it is an ideal resource for the non-technical manager who oversees a technical team, a technical business, or who wants to see the business grow to the Internet or use EDI type processes.

Because it uses current cases to introduce concepts about networking, it would be ideal for a graduate business program.

Because it is well written and clearly defines the key elements of networking, it would be a great desk reference for any business oriented manager or sales rep. ... Read more

Book Description

West Federal Taxation: Individual Income Taxes, 2005 Edition continues to set the standard in introductory tax. Its Authors and editors stay on top of trends in both tax law and tax education, as a result, the 2005 Edition is thoroughly up-to-date, current in its thinking, and pedagogically advanced! No other text is as effective at helping users master the ever-changing Individual Tax Code. It provides accessible, comprehensive, and authoritative coverage of the relevant tax Code and regulations as they pertain to the individual taxpayer, as well as coverage of all major developments in federal taxation.It also adheres to the recommendations of the Accounting Education Change Commission (AECC) and the American Institute of Certified Public Accountants (AICPA). Visit the Product Website @ http://wft.swlearning.com ... Read more

Book Description

This acclaimed, number one market-leading book embraces the basic theme of “different costs for different purposes.”It reaches beyond cost accounting procedures to consider concepts, analyses, and management. Chapter topics cover: the accountant's role in the organization; an introduction to cost terms and purposes; cost-volume-profit analysis; job costing; activity-based costing and activity-based management; master budget and responsibility accounting; flexible budgets, variances, and management control; inventory costing and capacity analysis; determining how costs behave; decision making and relevant information; pricing decisions and cost management; strategy, balanced scorecard, and strategic profitability analysis; cost allocation, customer-profitability analysis, and sales-variance analysis; allocation of support department costs, common costs and revenues; cost allocation: joint products and byproducts; process costing; spoilage, rework, and scrap; quality, time, and the theory of constraints; inventory management, just-in-time, and backflush costing; capital budgeting and cost analysis; management control systems, transfer pricing, and multinational considerations; andperformance measurement, compensation, and multinational considerations. For future accountant who want to enhance their understanding of—and ability to—solve cost accounting problems.

Reviews (5)

Cost Accounting by Horngren
A strength of this book is that there are many color diagrams
throughout which illustrate/highlight the material. The treatment
of process cost accounting is thorough and highly simplified
with many detailed examples to illustrate the computation of
equivalent units. In process cost accounting, it is critical
to understand the physical flow of costs, as well as,
interdepartmental transfers and modified cost assumptions.
In addition, there is a thorough treatment of managerial
cost accounting in the areas of discounted cash flow, internal
rate of return, compounding, depreciation and cash flow,
net present value, uncertainty, inflation, capital budgeting,
payback and the accounting rate of return. Lastly, there is
a good treatment of decentralization and transfer pricing.
The book is worth the price of admission. Classic problems
from this text have been replicated on some form or another
on professional and collegiate standardized tests.
This work helps to support what is taught in a collegiate
finance course, as well as the cost accounting element.

The thrust of a cost accounting course is for the B or better
student. There is a fair amount of work in this course.
As such, it is geared for accounting, finance or economics
majors. Quantitatively oriented students will enjoy the presentation as well as a wide constituency of teachers
in academe. Even college administrators would find this
text useful for preparing budget schedules and interdepartmental
cost analyses. Engineering companies would
benefit by having a detailed analyses of process costing and
managerial accounting on individual construction jobs.

thank you
the book was in excellent condition. I received it a couple of days after I ordered it. Thank you for saving me money and time!!!

Good Job!
I received the book very quickly and I got it new at a great price. I saved about 50 dollars. Wow!!! I will buy from this seller again if they have what I need.

Most Prompt Delivery
This was the fastest service I have received regarding a textbook. It was worth the effort to get the ISBN number ahead of time from the instuctor's to buy my books and save money. Thank you for the expedited service. I will patron again. I only wish this were a hardcover to withstand the abuse of a backpack.

i wouldn't recommend it to anyone at all
i've never seen such a poor book before. it is poor organized. and i got after 25 days from my order date. ... Read more

Book Description

A step-by-step program for making big plans that create big money in real estate

With a little help from Gary Keller, anyone can achieve financial independence. In The Millionaire Real Estate Investor, Keller shows you how, with the right plan and persistent effort over time, you can amass fabulous wealth in one of the strongest and safest investment vehicles around--real estate. The plan begins by establishing a state of mind that becomes a different way of looking at the world and evolves into an exciting way of life.

Through inspiration and solid instruction, Keller helps you develop a thorough knowledge of the best models for investing, along with a fundamental understanding of money, how it can be made and how it can be lost. Then, he shows you how to design an investment business that lets you get out of the day-to-day work and enjoy the freedom and benefits of what you have created.

Thoroughly researched with interviews and insights from more than 100 millionaire real estate investors who have struck it rich through Keller's concepts and practices, this book shows you how to:

• Think Like a Million: Develop the mind-set and financial strategies of a millionaire investor
• Buy a Million: Amass a real estate portfolio with a market value of a million dollars or more
• Own a Million: Turn investments into an asset-based business with ever-increasing net worth
• Receive a Million: Build an investment empire that provides a million dollars a year in passive income

Reviews (1)

The best by far of slim pickings
I reviewed every Money and Banking text I could get my hands on before selecting Mishkin's text to use while I was an instructor at one of the top universities in the US. Mishkin's text was hands-down the best text. But there weren't a lot of alternatives to choose from. This text gets used in a lot of MBA programs.

The thing I liked most about this text was its comprehensiveness. Mishkin did a far better job than the other text of introducing stock options. And of course, he covered the banking (money multiplier, bnak loans, etc.) side comprehensively. Good job with exchange rates, too.

Weaknesses: Need more on the insurance industry, particularly with the biggest banks now firmly in that business. Need more on financial futures. And finally, I'd like to see a little more mathematical rigor. I supplemented the text in an undergrad class with some more mathematical articles from the economics literature. ... Read more

Book Description

MANAGEMENT ACCOUNTING, 7th Edition integrates coverage of both functional-based management topics (such as job-order and process costing) and activity-based management topics (such as strategic cost analysis, activity-based tactical decision making, productivity measurement and control, quality cost management, theory of constraints, process value analysis and international topics). This approach emphasizes that changing conditions often require a change in cost management systems. ... Read more

Book Description

Completely revised for the new computerized CPA Exam

Published annually, this comprehensive four-volume study guide for the Certified Public Accountant's (CPA) Exam arms readers with detailed outlines and study guidelines, plus skill-building problems and solutions, that help them to identify, focus, and master the specific topics that need the most work. Many of the practice questions are taken from previous exams, and care is taken to ensure that they cover all the information candidates need to pass the CPA Exam. Reflecting the most recent changes to the new computerized CPA Exam, this comprehensive examination review is broken down into four volumes: Regulation, Auditing and Attestation, Financial Accounting and Reporting, and Business Environment and Concepts. The number one CPA exam review provider worldwide, these study guides:
* Include over 2,700 practice questions and complete information on the new simulation questions
* Contain a unique modular structure that divides the content into 44 self-contained study modules so that candidates can zero in on areas that need the most work
* Include AICPA content requirements and offers three times as many examples as other CPA exam review study guides

O. Ray Whittington, PhD, CPA, CMA, CIA (Chicago, IL), is the Ledger and Quill Director of the School of Accountancy at DePaul University and author of bestselling books in the Wiley CPA Examination Review System. Patrick R. Delaney, PhD, CPA, was the Arthur Andersen LLP Alumni Professor of Accountancy at Northern Illinois University and the author of bestselling books, audios, and software in the Wiley CPA Examination Review System. ... Read more

Book Description

This book introduces readers to all of the key financial and management accounting concepts. It motivates learners by familiarizing them with the accounting issues facing companies such as Target, Nantucket Nectars, Teva, Oracle, and a variety of companies doing e-Business.Users can assess their understanding of chapter topics with “CyberCoach” and “Starter Exercise” features, “Working It Out” problems, and unique “Concept Links.”For individuals preparing for a career in accounting. ... Read more

Reviews (2)

Student
This is an easy book to follow. Lots of exercises for practice and the answers are in the text so you can check and see if you got it or if you need to study more.

Good book to learn the fundamental principles of accounting.
This book helped me get a good start in my Accounting college courses. It lays out the fundamental principles of Accounting simply and clearly. Its emphasis on the process leading to, creation of, and analysis of financial statements, would be very helpful to anyone who may need to understand just what a company's financial statements really mean ... Read more

Reviews (1)

Textbook, but easy to follow
We used this textbook for several courses in my Organizational Behavior program. Of all the texts we've used, this one has been the most valuable. The text is easy to read and is interesting, and the book offers a great deal of case studies to really emphasize the points. Overall, I think this is a great textbook and it is very versatile in business courses. ... Read more

Book Description

The complete toolkit for pre-foreclosure investing

Finding, researching, inspecting, negotiating, buying, and reselling pre-foreclosure properties is a lot of hard work. But it can be very lucrative for investors who know what they’re doing, are well organized, and have the persistence it takes to succeed. The Pre-Foreclosure Property Investor’s Kit is a comprehensive resource full of ready-to-use worksheets, letters, checklists, notices, forms, and agreements. With step-by-step instructions and practical, no-nonsense advice, readers will learn how to find great pre-foreclosure deals, perform due diligence on target properties, accurately estimate the market value of properties, negotiate effectively, and maximize profits.

Thomas J. Lucier (Tampa, FL) has been a real estate investor since 1980. He is a widely published real estate expert whose advice has appeared in such publications as the Wall Street Journal and Commercial Real Estate Investment magazine. ... Read more

Book Description

Real estate financial calculations made easy

Every real estate investor needs to know how to calculate cash flow, long-term gain, net operating income, and a few other basic financial formulas. What Every Real Estate Investor Needs to Know About Cash Flow . . . is a guide to the 34 most essential calculations that answer such crucial questions as "What is this building really worth today?" "What kind of cash flow can I expect?" "Is this property a good investment?" and "How do I calculate my return?" For beginning investors, real estate veterans, commercial brokers, and sellers as well as buyers, this handy reference is a must-have for anyone who wants to make sound decisions based on accurate calculations of:

• Discounted cash flow
• Cash-on-cash return
• Net operating income
• Capitalization rate
• Gross rent multiplier
• Net present value
• Payback period
• Mortgage amortization
• And many more

Reviews (7)

The Investors Bible
Everyone wants to retire on real estate but no one shows you how to, today. Frank G does; he shows you what to look for when evaluating a prospective property and what financial analysis to do to see if it will even produce enough income to carry itself. Franks book is a great start and will give you all the basics to develop a cash flow from real property for your entire life. You need to buy this book to be successful investing in real estate.

Finally a helpful real estate finance book!
This book gives the facts about real estate finance in an easy to read format. Unlike most real estate books, this one does not claim to make you $1,000,000 in 2 weeks with your eyes closed. It gives the common investor the tools and perspective to make wise real estate investment decisions. Good for beginners or seasoned vets who want to brush up on their skills.

Required Reading for Real Estate Investors
Before you invest $1 into income-producing real estate, be sure to pick up a copy of Frank Gallinelli's excellent book, What Every Real Estate Investor Needs to Know About Cash Flow...And 36 Other Key Financial Measures: Guidelines, Formulas, and Rules of Thumb for Making Money in Real Estate. While the title may sound somewhat forbidding, the book is so well-written and accessible that even novice investors who wouldn't know a cap rate from a rate of return can quickly and easily master key concepts such as present value, gross scheduled income and discounted cash flow. Better yet, Gallinelli offers free spreadsheets that you can download from his site that do the numbers-crunching for you. I like to think that I'm a pretty savvy investor, but, thanks to Frank and his amazing formulas, I narrowly avoided overpaying for a five-story office building in the Chelsea section of Manhattan. While there's no guarantee that the seller will accept my lower offer, I feel confident that, if I do get the deal, I will be paying a fair price now that Frank has taught me how to do the math.

Outstanding detail with a straightforward explanation.
This book is the best read for understanding financial analysis. It is not often, if ever achieved, that a subject as complex as financial analysis can be explained so perfectly suited for real estate professionals. The work doesn't lose itself in silly analysis or "paralysis of analysis", Gallinelli's approach is straightforward, sometimes hard hitting as a practical sense guide to investing in real estate. This doesn't mean the work is simplistic by any measure, you can spend plenty of time taking this work into great depth. Gallinelli offers a web page support system with free worksheet downloads, financial software and valuable resource links. Every deal I consider is now held to a new financial standard. This is a must own book for investors, brokers and corporate real estate professionals.

Excellent Investment Companion
This book focuses on analyzing Real Estate Investment from a financial calculation perspective. It is very well written, very easy to understand, and extremely useful. In a very short time, you will quickly learn the 37 calculations that a sophisticated Real Estate Investor uses to evaluate whether a deal makes financial sense. By knowing the numbers better, you'll have an edge in negotiating your next real estate deal. Highly Recommend! ... Read more

Book Description

Brealey/Myers’ Principles of Corporate Finance is the worldwide leading textthat describes the theory and practice of corporate finance.Throughout the book the authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do.The text is comprehensive, authoritative, and modern and yet the material is presented at a common sense level.The discussions and illustrations are unique due to the depth of detail blended with a distinct sense of humor for which the book is well known and highly regarded.This text is a valued reference for thousands of practicing financial managers. ... Read more

Reviews (6)

Course Material
This book was assigned to me to support Myers's finance class. It is a difficult book to read on one's own. The book is a great reference if you are already taking a course on finance or already have some academic background. However, if you are determined to gain a solid knowledge of finance then this is the right reference. The book gives excellent examples of financial decisions from real life and draws particular attention to mistakes managers regularly make. A must read if you are trying to catch up with MBA material on your own.

Impossible to read
True, I am not a business school student, I am just brushing up on Finance for an actuarial exam. But I am no dummy I tell you, I can read almost anything, and this book I cannot read. If you are looking to get a quick grasp on Corporate Finance, this book is not for you. It is incredibly long and verbose. You skip from one topic to the next without seeing how they interconnect. This is one book where one can read fifteen chapters and still not know a single thing.

Principles of Corporate Finance(R) + Student CD + Corporate
Brealey/Myers Principles of Corporate Finance is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book the authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. The text is comprehensive, authoritative, and modern and yet the material is presented at a common sense level. The discussions and illustrations are unique due to the depth of detail blended with a distinct sense of humor for which the book is well known and highly regarded. This text is a valued reference for thousands of practicing financial managers.
Part I. Value 1. Finance and the Financial Manager 2. Present Value and the Opportunity Cost of Capital 3. How to Calculate Present Values 4. The Value of Common Stocks 5. Why Net Present Value Leads to Better Investment Decisions Than Other Criteria 6. Making Investment Decisions with the Net Present Value Rule Part II. Risk 7. Introduction to Risk, Return, and the Opportunity Cost of Capital 8. Risk and Return 9. Capital Budgeting and Risk Part III. Practical Problems in Capital Budgeting 10. A Project is Not a Black Box 11. Where Positive Net Present Values Come From 12. Making Sure Managers Maximize NPV Part IV. Financing Decisions and Market Efficiency 13. Corporate Financing and the Six Lessons of Market Efficiency 14. An Overview of Corporate Financing 15. How Corporations Issue Securities Part V. Dividend Policy and Capital Structure 16. The Dividend Controversy 17. Does Debt Policy Matter? 18. How Much Should a Firm Borrow? 19. Financing and Valuation Part VI. Options 20. Understanding Options 21. Valuing Options 22. Real Options 23. Warrants and Convertibles Part VII. Debt Financing 24. Valuing Debt 25. The Many Different Kinds of Debt 26. Leasing Part VIII. Risk Management 27. Managing Risk 28. Managing International Risks Part IX. Financial Planning and Short-Term Financial Management 29. Financial Analysis and Planning 30. Short-Term Financial Planning 31. Cash Management 32. Credit Management Part X. Mergers, Corporate Control, and Governance 33. Mergers 34. Control, Governance, and Financial Architecture Part XI. Conclusions 35. Conclusion: What We Do and Do Not Know About Finance

Not for those with Dyslexia
This book's information is rather useful, but if you suffer from dyslexia, it is going to be a bear to get through. I am in the EMBA course at Baylor and was assigned this book. The blue ink used for the text wrecks havoc with my reading ability. It takes me nearly 40 minutes to read one page...at which rate I should finish it sometime in 2014.

I strongly urge the editor, writer, and publishing house to use black ink in future editions.

Dry but useful
This is a well-written book and useful, especially in understanding legal requirments of fiduciaries. However, for a tour de force of writing and exposition on ethical theory and practices in business, see Berumen's Do No Evil. ... Read more

Book Description

'Leader As Coach' is a straight-forward, practical book that can help you lead your people and your organization to greater success.

The tips and practices in 'Leader As Coach' will enable you to sharpen your coaching skills so that you can attract and retain the talent you need for success, foster growth in others, provide effective feedback, orchestrate learning opportunities, and groom high-potential performers. After all, your people are your most important asset.

Within these pages you’ll find:
--Five high-impact strategies for effective coaching.
--Useful insights on how to deal with resistance and motivate others.
--Hundreds of tips and action steps to make you a better coach. ... Read more

Reviews (2)

Professional Coaching
Our company recently hosted a presentation from David Peterson, one of the authors of Leader as Coach. His audience was a small group of HR managers and Training consultants. He provided us with a no nonsense, credible approach to coaching managers and leaders. The title of his presentation was quite true to that title, providing us with a clear vision of the state of the art and insights into the state of the practice.

David and Mary Dee's book, Leader as Coach, is the foundation for one of the clearest and most well-reasoned approaches to Coaching I have seen after a decade in this business. But don't stop with this book. Go on from here to Personnel Decisions International's Development FIRST and Supervisor's Handbook

This book has been my guide for my active research project.
This book has been both inspirational and motivational for me. I love the quotes and have used them when sending memos to people involved in my Masters active research project. The few colorful pictures are beautiful and representative of reaching high for the stars. The texture of the paper used is similar to a magazine's. I almost felt I was reading one, which felt more like leisure reading. The book is short, easy to read, and to the point. I've taken much of the advise while I've engaged as a leader in my project. I've made efforts to become a better listener, give positive feedback, inspire people to take risks, and built a bond of trust. I learned that I have to model the good habits I'd like others to practice. The strategies suggested are a must for people in the business world and adminstrators or leaders in education. The book is practical for anyone who assumes a leadership role and does not know how to begin the process. Thumbs up! ... Read more

Amazon.com

Sequels often disappoint when compared to their predecessors, but author Robert Shiller has proved the exception to the rule with his second edition of Irrational Exuberance. When the original book released in 2000, Shiller's prescient analysis of bubble-like market behavior provided perspective on the painful meltdown of stock-price valuations that subsequently occurred. Five years later, the Yale professor's bearish predictions about real-estate valuations are enough to give any savvy investor or homebuyer pause.

Shiller is one of several well-known economists and pundits who've begun a running dialogue in the last few years around the drawbacks of unchecked free markets. Few writers, though, dissect the phenomenon of bubble behavior as clearly and thoroughly as Shiller does. As with the first edition of his book, Shiller begins this one with reams of quantitative data around the late 1990s stock-market runup. This new edition adds data on real-estate price trends in the early 2000s, and points out the striking parallels between the earlier stock-market boom and bust, and current trends with housing prices in the United States. Shiller actually believes the two phenomena are related; as investors lost confidence in the stock market and moved their money into real estate, one asset class fell while the other rose. According to Shiller's analysis, the pattern is destined to repeat itself.

Aside from the initial data, the real strength of Irrational Exuberance is the straightforward, almost clinical way in which it explains why things happen as they do. The book walks readers through structural reasons for market bubbles, then ventures into "softer" analyses which professional economists less confident than Shiller would be scared to touch. It examines cultural factors behind market bubbles, such as hype-mongering news media, and psychological factors, such as herd behavior.

Another improvement in this latest edition of Shiller's book is his inclusion of more personal commentary, and he mentions the influence that his wife, herself a clinical psychologist, has had on his intellectual development and his view of psychological impacts on economic behavior. Other personal insights from Shiller center on experiences he had while touring and lecturing around the first book, and some of the most interesting passages are those in which he describes common questions or feedback from his audience, and what he thought in reaction--but didn't voice while on his tour.

In the end, Shiller closes his book with an intriguing set of policy proposals. He argues for a revamping of the U.S. social security system, a new system of house-price insurance for homeowners, and risk reduction through portfolio diversification. Fans of the brainy academic will note with approval that Shiller practices what he preaches: he has begun trying to implement some of his ideas in the real world through two private consulting firms he has founded, Macro Securities Research and Macro Financial. The hope is if Shiller's as correct with this second book as he was with his first, readers will all learn something from these new companies. --Peter Han ... Read more

Reviews (62)

Antidote to Stocks for the Long Run
Shiller explains why the incredible 225% increase in the Dow Jones Industrial Average from the beginning of 1994 through the end of 1999 was unsustainable: "as a rule and on average, years with low price-earnings ratios have been followed by high returns, and years with high price-earnings ratios have been followed by low or negative returns." Writing in 2000 when the price-earnings ratio on the S&P500 was nearly 45, compared to a long-run average of about 20, Shiller was preparing us for a bursting of the stock-price bubble. His message was sobering and prescient then as well as good education now. Caution: the reader will have to whack through thickets of details in Chapter 1 such as "The average real return in the stock market (including dividends) was -2.6% a year for the five years following January 1966, -1.8% a year for the next ten years, -0.5% a year for the next fifteen years, and 1.9% a year for the next twenty years."
In Part 3: Psychological Factors, Shiller outlines principles of behavioral finance. For example, past prices and stories help form people's views of the stock market. He reviews classic experiments in psychology, which documented the significance of peer pressure and trust in experts. Shiller's interpretation is that people take uncritically what experts on the stock market offer, presumably that stock prices will continue to rise, which encourages them to be overconfident.
The author puts forth a good explanation of efficient markets theory but applies much criticism. He proclaims: "I see no reason to doubt the thesis that smarter people will, in the long run, tend to do better at investing." Reading and understanding Irrational Exuberance will help put the individual investor in the company of those "smarter people."

I'm puzzled by the y-axis choices in Figure 1.1 (page 6).
I work in statistical data analysis, and I opened this book with high expectations.But then on page 6 I encountered Figure 1.1, titled "Stock Prices and Earnings, 1871-2000", which has a visual design that troubles me.Both lines on the graph are plotted with the same x axis (the years from 1860 to 2020), and I have no problem with that.The Stock Price line is plotted against a y axis that is labeled along the left-hand edge of the graph, and the range chosen for this axis (0 to 1600) seems quite appropriate for the data plotted, which range from about 70 to about 1450.The Stock Earnings line is plotted against its own y axis that is labeled along the right-hand edge of the graph, and I have no problem with the existence of the second y axis.But what troubles me is that the range of this second y axis has been chosen so that the entire range of the data plotted in the earnings line (about 5 to about 40) has been squished into the very bottom of the graph, using a vertical distance that corresponds roughly to the range from 2 to 190 on the y axis for Stock Price.This apparently arbitrary visual juxtaposition of two unrelated y-axis scales leaves me unable to trust any visual trend comparisons I might be tempted to make between the two lines.Can someone explain to me why one of these three alternatives that make more sense to me wasn't chosen?(1) Plot both the Stock Price and the Stock Earnings on the same y-axis scale (from 0 to 1600), or (2) plot the Stock Price on its own y axis as shown but plot the Earnings Price on a y axis that runs from 0 at the bottom of the graph's right-hand edge to about 45 on the graph's right-hand edge, or (3) normalize both graphs to percentages of their values for some year (1871, perhaps).Thanks.Any comments from Edward Tufte ("The Visual Display of Quantitative Information") would be most welcome indeed.

decent, but somewhat disappointing
For those haven't read other behavioral econ articles / books, this is probably worthwhile.However, though the first two articles are well written and informative, the remainder of the book is mostly ponderous unsupported assertions and innuendo.It's nothing new to those who've read a bit about this stuff before.

Regarding the "updated for the real estate bubble" claims:The real estate information is not very well integrated - it looks like it was opportunistically inserted.Ironically, it looks like Shiller and his publishers are trying to "time the market" - rushing a book to market hoping to "catch the top" of another asset class cycle and thus get two data points showing him to be a guru of bubbles.(In addition, his mention of Prop 13 in California is superficial and not informative.)

It also appears at many places that writing has not been updated at all since the first edition.It can make for some confusing reading at times.

Maybe he doesn't want to give away lots of data he's accumulated, but it would be helpful to evaluate his assertions.Without it most of the book does not rise above well informed discussion over a few beers.

indepth analysis on market behavior
In a welcome second edition of the book, Shiller sets up his main theses using the real estate "bubble" (or if you prefer, "boom") example.The first part of the book focuses on a historical analysis of the "bubble" scenarios and uses the recent real estate phenomenon to explain the context of his arguments. He systematically argues against all the reasons cited for the real estate boom (population, construction costs, etc.) In the second part, he focuses on causes for these speculative behaviors of investors and their changing perceptions on risk. His classification of factors into precipitating and amplifying groups is an interesting approach.He then proceeds to explain cultural, political and psychological factors to reason why he thinks investors behave in a "speculative" mode. His attack on the cable TV news media and their "noisy" coverage of business news is an amusing and thought-provoking read.

Any serious investor for the long term (and short term) will find the insights on market behavior very useful in analysing his/her own behavior. The efficient market theory, "greater fool" theory, etc. will also need a more critical look after reading Shiller's comments.

This thought provoking book is an excellent read along with Jeremy Siegel's (one of the authors friends/advisors) book which takes a much more positive perspective on market trends and more importantly, market behavior.

While the strength of the arguments will keep the reader interested, the book is no easy week-end read. It needs to be read in a slow pace to absorb the gravity of the arguments. But that shouldnt deter a serious investor. A must have.

Market psychology with a political ending
This is a chronicle of inverstor perceptions and expectations of themarket both in the late '90s and in other periods, particularly the roaring '20s.Pretty boring stuff.More psychology than finance.

The reason I gave this book one star is that in the final part of the book Shiller makes an political statement that is unrelated to the book's thesis.He campaigns against investing even part of Social Security funds in the stock market.He urges us to reaffirm our group responsibility to the elderly instead.It sounds like something the AARP would have said.

In other parts of the book he talks about what demographic or generational trends may mean for the market or the public perception of the market.When he turns to social security he doesn't mention demographics, however.Of course, demographic trends portend bankruptcy for Social Security as it is currently structured.It's intellectually dishonest to talk about demographics and generational differences in other contexts but omit those factors when it comes to social security.

If he had left out this political lobbying he would have a boring but well researched book.He pulled a bait and switch at the end that detracts from the rest of the book. ... Read more

Book Description

A "textbook with passion", Hardwiring Excellence offers a road map and practical how-to guide for creating and sustaining a culture of service and operational excellence.In this book, author Quint Studer, CEO of Studer Group, draws on his personal experience as a former hospital executive who led two organizations to the top 1% in patient satisfaction and his experience coaching hundreds of healthcare organizations since.

Studer, a nationally acclaimed educator, coach, and thought leader in healthcare today, is a master storyteller, mixing "chicken soup style" stories with personal insight, simple tools, and in-depth recommendations on how good organizations can become great ones.

Based on Studer Group’s Nine Principles SM, Quint Studer shows how to retain more employees; ensure better customer service; build strong leadership, align organizational values, goals, and results; increase communication; reward and recognize individual success while also requiring accountability; and move operational performance for better financials, market share, and growth.

At the core of the journey, he says, is a sense of purpose, worthwhile work and making a difference.When organizations learn how to harness this passion in their employees, they create a success spiral with ever increasing momentum.

In fact, Richard L. Clarke, FHFMA, President and CEO of Healthcare Financial Management Association says, "Quint Studer’s Nine Principles of service and operational excellence provide the missing link between people power and strong financials.It’s about courageous leadership." ... Read more

Reviews (10)

Turning Passion into Performance
This book has something for everyone - those just starting to create their culture of excellence AND those who are already quite good and looking for the "tweaks" to be even better. Personal stories make it easy-to-read and show how hardwiring a few specific actions can turn passion into performance.

The definitive textbook on excellence
Quint Studer has been making a difference in healthcare for years. His nine principles have been proven successful many times over in organizations large and small throughout the nation. Hardwiring Excellence is a primer of how the nine principles can help an organization achieve excellence. It is a step by step guide that provides an entertaining combination of wonderful stories and practical information that works. You will read and re-read this book many times over, and it will take you on a journey to achieve excellence that you never thought possible.

A "How-To" for Excellence
Quint has an amazing way of always connecting, always reducing the complexity and showing the way to simplicity in the pursuit of excellence.
His advice and coaching tips are real-world and real-time and shouldn't be thought of as exclusive to healthcare. It would be difficult to make it to the end without identifying one or two leadership-enhancing behaviors....ready to be put to use tomorrow.
Having attended his speaking engagements, I can share that "Hardwiring Excellence" is like an extended conversation with Quint.

Life Changing! If you are a burned out healthcare leader...
You simply must read this book. This clearly demonstrates how to take complex situations and make them easy to understand by connecting to purpose, worthwhile work and making a difference. I now remember why I got into healthcare in the FIRST place. I am a better leader because of these Principles.

Changing Healthcare
While applicable to most environments, Hardwiring Excellence gives specific tips for healthcare providers on creating a culture of operational excellence. If each reader implements three recommendations from the book, they will improve their chances of retaining their excellent employees. ... Read more

Reviews (4)

deluxe RIP OFF
I 'was forced' to buy this book for an MIS course. We all know how textbooks are scams anyway, but this one takes the cake. My college even had the balls to 'bundle' this with an MS Access book so we were stuck with a $170 bundle. All the info I needed to take the course was available on the website webct.If you can find a way to access that site, you don't even need this outrageously expensive book.I got an A in the course and never cracked the book.I just used the info on the website. You should try that route if you can, and forgo purchasing this book.

Just not worth the cost.
This book is compulsory for a class I am in.Do what I did, don't waste your money - borrow from a library..... or find other solutions.This is way too much money for information that can be covered in other sources.The publisher is clearly exploiting the fact that it is used as a textbook to raise the cost outrageously.

This book is a scam
My friend used Management Information Sustems: Managing the Digital Firm 8th edition. Now that I received this one I can see that 95% of of the content in the new book is identical to the one my friend has. Oh, right, the authors also added to the title the words "essentials of" Management...

I can believe the publisher let the authors publish this kind of book. A previous review says that the book is almost identical to the previous edition of the same book. Now I am saying that the book is almost identical to a different book writen by the same authors...this is outrageous.

Ah, yes. The cases at the end of the chapters are different

Money making scheme - rip off
I view suspiciously authors who change covers of their books and launch a new edition every year or every 18 months.
This book as with the5th edition is sub-standard.
If you are stuck with it as acompulsory read -borrow from alibrary. Don't buy. ... Read more

Book Description

Published since 1992, and updated annually, this 148 page textbook was written as an answer to the "sink-or-swim" training methods of many mortgage firms. The format is designed to give the newly initiated loan officer/agent, lender, processor, or other initiate the practical information they need to do the loan officer's job.

The reader learns how to understand rate and point quotes, how to use a financial calculator, how to make basic computations customers require, how to understand loan programs and compare product features. The student progresses through understanding loan specifications - Conventional Conforming/Jumbo/FHA/VA and Sub-Prime program guidelines - to a practical understanding of ratios, income, assets and closing costs, debts and credit history. This is then placed in the context of the loan application - how to collect all the required documents and disclosures and supervise a loan from application to closing. Beyond the basics, students learn how to finance various property types; condos, PUDs, new construction and investment property. A detailed chapter on refinancing addresses the issues which most often confront the loan officer in a period of heavy refinancing - 10 reasons to refinance. Finally, understanding how loans are made in the secondary market and the basics of interest rate quoting and behavior are covered.

This product is being submitted for approval for use in continuing education in all states which have, or are adopting, a requirement. Many companies use this product as a handout to prospective new loan officers. Many loan officers give this product to their referral sources to help educate them to the requirements of the industry. ... Read more

Reviews (4)

I use it as a textbook for my college class
I am writing this review in response to the concerns of one reviewer who didn't like the $55 price. This is the first review I have ever written on amazon.com, or anywhere else for that matter. I had a choice of many other books to use as a textbook for the class I teach at Montgomery College on mortgage loan origination, and I chose this one. At first, I, a stingy Yankee, was taken aback by the $55 price, and concerned for my students who have to deal with high textbook prices, but when I examined the book I was amazed at how much there was in it, information not available in such form anywhere else. There were a few other manuals and texts that I could have chosen for the class, including some that were hundreds of pages long, but they were full of fluff and consisted simply of compiled information. They were four pounds of hamburger; this book is 12 ounces of filet mignon. It is is focused, focused, focused on providing information mortgage loan originators actually need. It has helped my students start lucrative careers and has helped me teach a very popular course; I even use it when I teach private classes for some of the biggest mortgage lenders in the nation. I have been a mortgage loan originator since 1988 and I have never seen such a valuable book. I was amazed - even embarrassed - at how much I learned about the business, even after 15+ years originating loans. With information, its not the price, it's the value, and this book is incredibly valuable. There are four pages in the book that I require my students to copy and keep with them; these