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Cover of Managerial Finance v1.1
March 2021
Page Count: 
ISBN (Digital): 

Managerial Finance

Version 1.1
By Amy K. S. Scott and Bradley C. Barnhorst

Key Features

  • New in Version 1.1: Over 90 embedded videos recorded by author Brad Barnhorst provide context, explain concepts in further depth, and engage the students by dynamically connecting them to one of the book’s authors.
  • Prime areas of focus are practical applications and ethics. Relevant topics in finance are explained in a clear concise, applied manner to facilitate accessibility to non-finance majors, without sacrificing the depth necessary for finance majors.  
  • Flexible structure facilitates use at different levels. An advanced course would likely utilize all the chapters, while a course for non-majors may only use some of the modules. Provides the necessary depth of knowledge without sacrificing breadth of coverage.  
  • Encourages thinking about business problems from a financial perspective and by using an ethical stakeholder model.
  • Emphasizes practical, working knowledge by providing a multitude of concrete worked examples that demonstrate applicability across all business functions.
  • Step-by-step approach ensures theory discussions are supported by quantitative analysis.
  • Integrated discussions of technology enhance student learning through spreadsheet problems and recorded videos.
  • Ethical issues and real-world problems are woven throughout, so students can see the “bigger picture” implications of their decisions. An ethics feature appears in each chapter.


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Managerial Finance is suitable for managerial finance, financial management, or corporate finance courses taught at the undergraduate level in two- and four-year colleges and universities and at the graduate level.

Managerial Finance features an unusually robust integration of theory and practical application. Development of financial “intuition” and the ability to successfully apply learning to new situations is the primary goal of the book. Consequently, the learning strategy first encourages students to understand concepts before equations and discussion of operations are presented. To support the development of financial intuition, each core theoretical concept is supported by numerically based applications. All theory and application are presented in the context of decision making within an ethical stakeholder model.  

This textbook models and employs a discounted cash flow approach in order to examine the financial aspects of business management. It addresses solving problems by hand, by using a financial calculator, or by using spreadsheet software. Prerequisites for this text are a basic understanding of accounting principles and enough algebra to handle rearranging equations. Rudimentary spreadsheet exposure is beneficial, but not mandatory. Therefore, this book is appropriate for courses that range from a minimal equation approach, designed for a broader business audience, to a more rigorous approach, designed for finance majors.  

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FlatWorld Homework

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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

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Test Bank Files for Import to Learning Management Systems

Test Bank Files for Import to Learning Management Systems

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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

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Amy K. S. Scott DeSales University

Amy Scott (Ph.D. Lehigh University) is Associate Professor of Business at DeSales University. Her doctoral studies in economics included concentrations in public finance and international economics. Amy teaches courses in economics and finance at both the undergraduate and graduate level, including economics of public issues, principles of macroeconomics and microeconomics, and personal and managerial finance. 

Her research includes regional economic impact studies and the impact of corruption on economic development. Amy’s articles have appeared in several journals, including International Economic Journal, Thunderbird International Business Review, Sport Management International Journal, and Journal of Sport and Tourism.

Bradley C. Barnhorst DeSales University

Bradley C. Barnhorst (MBA The Pennsylvania State University) is Chair of the Finance Major and

Associate Professor of Business at DeSales University and Investment Committee Counsel for Canon

Capital Wealth Management. Brad teaches corporate finance, investments, and portfolio management to undergraduate and MBA students. His years of industry experience include pricing, trading, and hedging equity derivatives and structured products at Bear Stearns. He is a member of the CFA Institute and is a CFA charter holder. 

Brad’s research focuses on analysis of derivative pricing with a concentration on ETFs, behavioral finance effects in market microstructure, and data analytics in finance. He has a special interest in technology in the classroom, particularly in the use of computer simulations for immersive learning.

Additions & Errata

  • Changed Cash and Cash Equivalents value from "20.0" to "21.9" in "Table 4.7 Pet Products Forever Inc. Pro Forma Balance Sheet Second Pass (Thousands) 2018" in Chaper 4, Section 2 (5/6/21)
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