Principles of Finance - Open Textbook Library (2024)

(3 reviews)

Julie Dahlquist, Texas Christian University

Rainford Knight, Florida Atlantic University

Alan S. Adams, Dean College

ISBN 13:9781951693541

Publisher:OpenStax

Language:English

Formats Available

Online
PDF
Hardcopy

Conditions of Use

Attribution
CC BY

Reviews

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Reviewed by Kevin Flint, Instructor, James Madison University on 11/14/22

Comprehensivenessrating:4see less

The book provides a comprehensive index, but I did not see a glossary. A list of key terms does appear at the beginning of each chapter. In looking at the contents, the text covers all of the appropriate areas of finance but does seem to sway into accounting as well, which could be overwhelming to some students. I would have like to have seen more of an incorporation of personal finance into each topic.

Content Accuracyrating:5

In my review of the text, I did not observe any meaningful errors.

Relevance/Longevityrating:4

In my opinion, the text will retain relevance for an longer-than-average period of time because there is very little incorporation of current events into the text. While it increases longevity, in my experience, students better connect to topics when they are explained through the prism of current events.

Clarityrating:4

Finance is a difficult topic to write about and teach. It is often aided by visuals and this text is very limited on visual aids and I think it would be helpful to include more in many of the chapters. There are a lot of charts and graphs but I’m thinking other visuals such as arrows, flow charts, maps, etc. would be helpful. The charts are really good and would appeal to some people. But others may benefit from a more visual experience.

Ancillary Material

OpenStax

About the Book

Designed to meet the scope and sequence of your course,Principles of Financeprovides a strong foundation in financial applications using an innovative use-case approach to explore their role in business decision-making. An array of financial calculator and downloadable Microsoft Excel data exercises also engage students in experiential learning throughout. With flexible integration of technical instruction and data, this title prepares students for current practice and continual evolution.

About the Contributors

Authors

Dr. Julie Dahlquist is a professor of professional practice in the Finance Department of the Neeley School of Business at Texas Christian University. She holds a PhD from Texas A&M University, an MA from St. Mary’s University, a BBA from the University of Louisiana at Monroe, and a Chartered Market Technician® (CMT) designation. Previously, she served on the finance faculties of the University of Texas at San Antonio and St. Mary’s University. She has extensive international experience teaching finance to undergraduate, graduate, and executive MBA students in programs in Mexico, Austria, Germany, Switzerland, Italy, Belgium, Greece, and South Korea. Dr. Dahlquist is president of the Technical Analysis Educational Foundation (TAEF), which works with universities to include technical analysis as an integral part of their finance curricula. She has coauthored Technical Analysis: The Complete Resource for Financial Market Technicians (with Charles Kirkpatrick, 3rd edition, FT Press, 2015) and has contributed to many other scholarly publications. Her research has appeared in Financial Analysts Journal, Managerial Finance, Applied Economics, Working Money, Financial Practices and Education, and the Journal of Financial Education. Dr. Dahlquist has served as editor of the Journal of Technical Analysis, a member of the editorial board of the Southwestern Business Administration Journal, and a reviewer for several other journals.

Dr. Rainford Knight is adjunct faculty in the Finance Department of the College of Business at Florida Atlantic University and the director of its Financial Analyst Program, which he founded in partnership with Bloomberg in 2011. He holds a BBA, an MBA, and a PhD in finance from Florida Atlantic University. Dr. Knight is a member of the CFA Institute and a former director of the CFA Society of South Florida. He has extensive experience teaching finance at the undergraduate, graduate, and executive levels. Previously, he served on the finance faculty of Fairleigh Dickinson University. Dr. Knight has coauthored articles on corporate sustainability, cost-benefit analyses, mutual fund returns, and CEO compensation. He also has significant private industry experience in corporate finance, investment management, and hedge funds. He has been an adviser to CEOs of small to midsize companies on a variety of issues, including restructurings, valuation, financing, and acquisitions. Internationally, he was part of the consulting team advising a sovereign government on the restructuring of its financial sector and has also made presentations regarding financial sector restructuring to central banks in Latin America. Since 2021, Dr. Knight has been CEO and cofounder of Transparency Invest, which supports accountability in organizations

Alan S. Adams, Dean College

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Now, let's delve into the information related to the mentioned article:

The article discusses a finance textbook titled "Principles of Finance" authored by Dr. Julie Dahlquist, Dr. Rainford Knight, and Alan S. Adams. The ISBN is 9781951693541, and the publisher is OpenStax. The book is available in online, PDF, and hardcopy formats.

The reviews provided by Kevin Flint, Yijia Zhao, and Randy Beavers offer insights into various aspects of the textbook:

Comprehensiveness:
- Kevin Flint mentions that the book covers all appropriate areas of finance but slightly sways into accounting, which may be overwhelming for some students.
Content Accuracy:
- All three reviewers, Kevin Flint, Yijia Zhao, and Randy Beavers, unanimously agree on the accuracy of the content, with no meaningful errors observed.
Relevance/Longevity:
- Kevin Flint believes the text will retain relevance for a longer-than-average period due to limited incorporation of current events.
- Yijia Zhao finds the book very relevant.
Clarity:
- Kevin Flint suggests that the text could benefit from more visual aids such as maps, arrows, flow charts, etc., to enhance clarity.
- Yijia Zhao commends the book for being well-written and easy to understand.
Consistency:
- No issues of inconsistency were observed by any of the reviewers.
Modularity:
- Kevin Flint notes that some pages feature an overwhelming amount of words and spreadsheets, suggesting the need for more non-spreadsheet visuals.
Organization/Structure/Flow:
- Kevin Flint finds the organization logical, with a suggestion to consider incorporating the chapter on Accrual Accounting into the Financial Statement Chapter.
Interface:
- No issues were reported in navigating the PDF or online version of the text.
Grammatical Errors:
- No material grammatical errors were observed by any of the reviewers.
Cultural Relevance:
- No issues related to cultural relevance were noted by any of the reviewers.

In summary, the textbook appears to be comprehensive and accurate, with a few suggestions for improvement in terms of visual aids and organization. It is well-received for its clarity and relevance by the reviewers.