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Cover of Corporate Finance v2.1
January 2021
Page Count: 
ISBN (Digital): 

Corporate Finance

Version 2.1
By Stan Eakins and William McNally

Key Features

  • Over 300 short videos (1–5 mins.) scripted and recorded by the authors provide detailed solutions to examples, explain the meanings behind key concepts and topics, and fully support a flipped-classroom option.
  • Online learning components embedded in the digital reader version include:
    • "Explain It" videos demonstrate key concepts and clarify topics that typically confuse learners.
    • "Explore It" videos provide richer context by walking students through animations where the inputs are manipulated, and the authors discuss the implications.
    • Three types of solutions videos accompany most examples: 1) showing the algebra; 2) showing the financial calculator keystrokes; and 3) demonstrating the solution with Excel™. 
    • Downloadable Excel™ templates available for most examples.
    • Autograded quizzes and flashcards
    • Hyperlinked glossary
  • Key chapters are organized in easily managed, "bite-sized" chunks and all chapters were built with a modular course structure in mind.
  • Chapter 10 "Capital Budgeting: Estimating Cash Flows" is updated to reflect the impact of changes in U.S. tax laws in 2017.
  • All supplements were written by the authors and have been class tested for over twenty years with thousands of students, including an instructor’s manual with chapter summaries, outlines, additional quiz questions, discussion questions, sample problems, and a mini case; a test bank containing over 2,000 items; a rich set of PowerPoint lecture slides; and FlatWorld Homework with over 1,000 items.


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Online Access Price:  $39.95 Color Printed Textbook with Online Access Price:  $64.95
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Appropriate for courses on principles of finance, managerial finance, financial management, or corporate finance for finance majors and minors at the undergraduate level and first courses in the MBA finance curriculum.

Corporate Finance is the first principles of finance textbook that was written specifically for delivery on an online platform. In this first edition published with FlatWorld, this book’s pioneering digital-first strategy has found a perfect home. The book encourages students to push beyond rote memorization of “how to do the math” to truly understand the meaning of the numbers. 

In a typical corporate finance course, a lot of time is spent teaching students the key mathematical concepts, which doesn’t leave much time for teaching applications. Corporate Finance features over 300 videos scripted and recorded by the authors that are embedded throughout the digital version. These videos enable students to practice operations in conjunction with learning key concepts, freeing up valuable class time to learn how to apply these concepts to issues in the world of finance. The videos support online or hybrid instruction particularly well and provide helpful on-demand reviews of concepts to facilitate anytime/anywhere learning.

FlatWorld Homework System

FlatWorld Homework

FlatWorld Homework includes multi-format questions written specifically for your FlatWorld book, which you can access through our stand-alone interface or integrate with your learning management system.

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Instructor’s Manual

Instructor’s Manual

The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

Instructor’s Manual

PowerPoint Lecture Notes

PowerPoint Lecture Notes

A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

PowerPoint Lecture Notes

Test Generator - powered by Cognero

Test Generator - powered by Cognero

FlatWorld has partnered with Cognero, a leading online assessment system, that allows you to create printable tests from FlatWorld provided content.

Test Bank Files for Import to Learning Management Systems

Test Bank Files for Import to Learning Management Systems

For your convenience, we've packaged our test items for easy import into Learning Management Systems like Blackboard, Brightspace/D2L, Canvas, Moodle, or Respondus.

Test Item File

Test Item File

Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.

Sample Syllabi

Sample Syllabi

Sample syllabi provide useful templates to help new faculty adopters revise their teaching plans to match their assigned FlatWorld textbook or lend insights to existing adopters on how to organize their classes.


At FlatWorld, we take pride in providing a range of high-quality supplements alongside our titles, to help instructors teach effectively. Supplements are available for instructors who have registered their adoption with us. If you need to review or preview something specific, please contact us.

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Stan Eakins East Carolina University

Stanley G. Eakins (PhD Arizona State University) is the former Dean for the College of Business, Associate Dean, Chair of the Department of Finance, and Professor of Finance at East Carolina University (ECU). Prior to beginning his academic work, Stan gained practical experience serving as vice president and comptroller at the First National Bank of Fairbanks and as a commercial and real estate loan officer. A founder of Denali title and escrow agency, a title insurance company in Fairbanks, Alaska, he also ran the operations side of a bank and was the chief finance officer for a multimillion-dollar construction and development company.


William McNally Wilfrid Laurier University

William J. McNally (PhD University of Toronto) is Professor of Finance at Wilfrid Laurier University. Will taught at the University of Victoria before joining the faculty at Laurier. His primary research interests are in stock repurchases, insider trading, and market microstructure. Will’s research has been published in journals such as Management Science, Financial Management, The Journal of Applied Corporate Finance, The Journal of Banking and Finance, and The Journal of Financial Research. Will is a founder and on-going supervisor of the Laurier Student Investment Fund which was started in 2001. He previously worked as an economic consultant and as a research economist at the Fraser Institute, a Vancouver-based economic think tank.

Additions & Errata


  • Table 2.4 Preferred dividends line deleted
  • Example 12.1 Calue for Operating Margin corrected to 2.41%
  • Chapter 12.1 Updated “Operating Leverage and the Operating Profit Margin” video in Explain It
  • Equation 14.3 COrrected definition of variables so Sales sub t doesn't appear twice

5/9/22: Figure 18.4 Profit (Payoff) Diagram for One Long Call Option updated to $0 Profit when $St = $X + Premium

2/22/21: Table 10.3, third column label changed to “Year 2” from “Year 3”.

8/25/21: Table 2.5 Balance Sheet heading now reflects Year Ending December 31 ($000s).

01/5/21: Chapter 18, section 5: Videos for Short Put and Long Put updated; spreadsheet for Short Put Profit diagram updated

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