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Financial Management: Core Concepts, 5th edition

Published by Pearson (January 23, 2025) © 2026

  • Raymond Brooks Oregon State University
  • Jimmy Yang

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For financial management courses.

A non-finance major’s introduction to finance

Financial Management grounds students in core financial concepts to prepare them for higher-level thinking and financial problem-solving. It achieves this by showing the cross-discipline relevance of finance, connecting students to their personal financial experiences and providing clear, timely feedback.

The 5th Edition is built around three major competencies: using the tools of finance, making connections and studying for success. This edition reflects trends and developments in finance, including the rise and risks of cryptocurrencies and the impact of fluctuating interest rates in recent years.

Hallmark features of this title

Connecting financial tools

  • A three-pronged problem-solving approach is used throughout to give students various ways to view and solve financial problems (i.e., equation, financial calculator or Excel® spreadsheet).
  • Mini Cases at the end of chapters show how concepts play out at various types of organizations, while Putting Finance to Work boxes show applications of finance across career paths.
  • Finance Follies boxes use fascinating scandals to illustrate the necessity of studying finance.

Studying for success

  • Nearly 580 end-of-chapter and conceptual problems offer a range of practice opportunities.
  • Advanced spreadsheet problems at the end of chapters are suitable for individuals or teams.
  • Illustrations with a Purpose help students visualize important financial concepts.

New and updated features of this title

Recent financial trends

  • UPDATED: Interest rate data now reflects the historically low levels of the 21st Century, as well as the Federal Reserve rate hikes to combat inflation.
  • NEW: New material on cryptocurrencies draws on recent fraudulent activities to highlight related risks.

Content enhancements

  • UPDATED: Reviewer suggestions were integrated to help clarify topics, enhance examples and rearrange the order of topic presentations.
  • EXPANDED: Added insight on ratio analysis (Ch. 14) leverages data comparisons over an extended time frame to expand the horizon for analysis.

Features of MyLab Finance for the 5th Edition

  • NEW: Gap Finder/Gap Filler assesses student readiness on prerequisite math and graphing skills to identify at-risk students. It also pinpoints where learners are struggling so you can help them succeed in the course.
  • Auto-graded Excel® Projects use proven, field-tested technology to help students build and practice important finance skills in Microsoft® Excel. You can seamlessly integrate Excel content into your course without having to manually grade spreadsheets.
  • A Financial Calculator within MyLab helps learners perform financial calculations and complete assignments.
  • The Study Plan gives students personalized recommendations, practice opportunities and learning aids to help them stay on track.
  • Dynamic Study Modules pose a handful of questions and then respond to each student’s progress in real time. Learners deepen their grasp of concepts as they go.
  • The MyLab Gradebook gives you detailed insight into each learner’s progress. With this data, you can intervene as needed to help the class stay on track.

PART 1: FUNDAMENTAL CONCEPTS AND BASIC TOOLS OF FINANCE

  1. Financial Management
  2. Financial Statements
  3. The Time Value of Money (Part 1)
  4. The Time Value of Money (Part 2)
  5. Interest Rates

PART 2: VALUING STOCKS AND BONDS AND UNDERSTANDING RISK AND RETURN

  1. Bonds and Bond Valuation
  2. Stocks and Stock Valuation
  3. Risk and Return

PART 3: CAPITAL BUDGETING

  1. Capital Budgeting Decision Models
  2. Cash Flow Estimation
  3. The Cost of Capital

PART 4: FINANCIAL PLANNING AND EVALUATING PERFORMANCE

  1. Forecasting and Short-Term Financial Planning
  2. Working Capital Management
  3. Financial Ratios and Firm Performance

PART 5: OTHER SELECTED FINANCE TOPICS

  1. Raising Capital
  2. Capital Structure
  3. Dividends, Dividend Policy, and Stock Splits
  4. International Financial Management

APPENDICES

  1. Future Value Interest Factors
  2. Present Value Interest Factors
  3. Future Value Interest Factors of an Annuity
  4. Present Value Interest Factors of an Annuity
  5. Answers to Prepping for Exam Questions

Glossary

About our authors

Raymond M. Brooks is Emeritus Professor of Finance at Oregon State University. He taught a variety of finance courses, including introduction to financial management, investments, advanced corporate finance, financial institutions, financial planning and risk management. Previously, he taught at Washington University in St. Louis; the University of Southern Illinois, Edwardsville; and the University of Missouri–Columbia. Professor Brooks authored a variety of articles on topics from dividends to when-issued trading. He twice won best paper awards at financial conferences.

J. Jimmy Yang is Professor of Finance at Oregon State University. At various institutions, he has taught courses on corporate finance, international financial management, international financial markets, capital markets, financial markets and institutions, and the global financial crisis. His research has focused on market stabilization mechanisms, international financial markets, equity offerings and cryptocurrency markets, with more than 40 peer-reviewed journal publications.

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