THE NEXT LEVEL: INTERMEDIATE FINANCIAL MANAGEMENT In your introductory finance course you learned a number of terms and concepts. We eventually concluded that a new text was needed, one designed specifically for the second financial management course, and that led to the creation of Intermediate Financial Management, or IFM for short. Second, there were books designed primarily for the introductory MBA course that contained the required material, but they also contained too much introductory material. Moreover, these books were of limited value in helping students deal with cases. First, there were books that emphasized theory, but they were unsatisfactory because students had difficulty seeing the usefulness of the theory and consequently were not motivated to learn it. When we began teaching under the two-course structure, we tried two types of existing books, but neither worked well. (3) This second course should also utilize cases that show how finance theory is used in practice to help make better financial decisions.īe sure to visit the Intermediate Financial Management Web site at brigham for more information about this text. (2) Finance majors need a second course that provides not only greater depth on the core issues of valuation, capital budgeting, capital structure, cost of capital, and working capital management but also covers such special topics as mergers, multinational finance, leasing, risk management, and bankruptcy. Therefore, a text designed for the first course should cover key concepts but avoid confusing students by going beyond basic principles. Eventually, we reached these conclusions: (1) The introductory course should be designed for all business students, not just for finance majors, and it should provide a broad overview of finance.

As the body of knowledge expanded, we and other instructors experienced increasing difficulties. There is simply too much material to cover in one lecture course. Years ago, when the body of knowledge was smaller, the fundamental principles could be covered in a one-term lecture course and then reinforced in a subsequent case course. Library of Congress Control Number: 2005934937 For more information about our products, contact us at: Thomson Learning Academic Resource Center 1-80 Thomson Higher Education 5191 Natorp Boulevard Mason, OH 45040 USA Printed in the United States of America 1 2 3 4 5 09 08 07 06 Student Edition: ISBN 7-8 (book) ISBN 6-X (package) Instructor’s Edition: ISBN 8-2 (book) ISBN 3-7 (package)įor permission to use material from this text or product, submit a request online at No part of this work covered by the copyright hereon may be reproduced or used in any form or by any means- graphic, electronic, or mechanical, including photocopying, recording, taping, Web distribution or information storage and retrieval systems, or in any other manner-without the written permission of the publisher. Thomson, the Star logo, and South-Western are trademarks used herein under license.ĪLL RIGHTS RESERVED. Senior Marketing Communications Manager: Jim OverlyĬOPYRIGHT © 2007 Thomson/South-Western, a part of The Thomson Corporation. Senior Production Project Manager: Deanna QuinnĬompositor: Lachina Publishing Services, Inc. Production House: Elm Street Publishing Services, Inc. Senior Developmental Editor: Elizabeth R. Senior Technology Project Editor: Matthew McKinney Senior Media Technology Editor: Vicky True Intermediate Financial Management, Ninth Edition Eugene F.

Jim potts synergy one lending