Description

The introduction presents finance as the study of financial decision-making. The book focuses on understanding the logic behind finance, rather than simply memorizing formulas. It uses 10 Axioms of Finance as a framework for connecting the major ideas in financial management.

Main points:

1. What is finance?
   Finance deals with how money is obtained, invested, and managed.
2. Financial management
   Financial managers decide how a business should:
   • Raise funds
   • Invest funds
   • Manage assets
   • Handle financial risks
   • Create value