I’m pleased to announce our first open textbook from Michigan State University Libraries’ OER Program. The title is Financial Management for Small Business: Financial Statements & Present Value Models
This book intends to help students and others learn how to successfully manage the finances of small to medium-size firms. The underlying assumption of this book is that successful financial managers need to master the construction and analysis of financial statements and present value models. Learning how to construct and analyze financial statements and present value models is the focus of this book that is divided into five parts:
Part I provides an introduction to management.
Part II focuses on the internal financial strengths and weaknesses of the firm and its ability to respond to external opportunities and threats.
Part III introduces present value (PV) models. PV models compare a challenging investment(s) to a defending investment(s) by converting future dollars to their value in the present.
Part IV describes more details about the properties of PV models.
Part V considers six different investment strategies.