Foundations Of Financial Management
Boost Student Career Readiness with FMI's Financial Modeling Course
With McGraw Hill Connect for Finance in Canada, students get all the powerful learning tools you know and trust — auto-graded assignments, interactive content, robust analytics, and more. Now, they also receive exclusive access to the Foundations in Financial Modeling course from the Financial Modeling Institute (FMI), a professional credentialing course typically valued at $270 — included at no additional cost.
This introductory course equips students with essential financial modeling skills, including building pro-forma statements, projecting growth, and mastering Excel for career readiness.
The program includes 12 hours of video instruction, a multiple-choice exam, and a personalized digital badge upon completion. Designed by industry experts, it bridges the gap between academic learning and employer expectations, preparing students for roles in investment banking, corporate finance, private equity, and aligns curriculum of the CFA Program Financial Modeling Practical Skills Module (PSM), and more.
This partnership reflects McGraw Hill’s commitment to enhancing student success by integrating practical, industry-relevant skills into academic resources—all at no additional cost to students using McGraw Hill Connect!
Empowering Students with Industry Ready Skills
Tom Holloway, finance professor at the University of Calgary and Canadian Author of Ross, Fundamentals of Corporate Finance, 12th edition, has taught over 800 students annually in the core second-year finance course. For the past three years, Professor Tom Holloway has utilized McGraw Hill Connect, and for the last two years, he has incorporated the FMI Foundations in Financial Modeling module.
Professor Holloway emphasizes that the FMI Foundations program has addressed a critical gap between academic learning and employer expectations. It equips students with essential financial modeling skills, such as building pro-forma statements, projecting growth, and understanding Excel interactions—skills highly valued in fields like investment banking, corporate finance, and private equity. Holloway notes that over 99% of his students complete the program, despite its rigor, because they recognize its significant career benefits. Many students proudly display their FMI credentials on LinkedIn, showcasing their readiness for industry demands.
Holloway states, “Our experiment with FMI Foundations was motivated by an identified gap between what we were delivering to employers and their expectations. The small number of students that taught themselves financial modeling in Excel were in high demand.”
He highlights the value of the McGraw Hill partnership, which makes the FMI program accessible at no cost to students. Holloway believes this initiative seamlessly integrates practical skills into academic courses, preparing students for success in the finance industry.
Chapter 1: The Goals and Functions of Financial Management
PART 2: FINANCIAL ANALYSIS AND PLANNING
Chapter 2: Review of Accounting
Chapter 3: Financial Analysis
Chapter 4: Financial Forecasting
Chapter 5: Operating and Financial Leverage
PART 3: WORKING CAPITAL MANAGEMENT
Chapter 6: Working Capital and the Financing Decision
Chapter 7: Current Asset Management
Chapter 8: Sources of Short-Term Financing
PART 4: THE CAPITAL BUDGETING PROCESS
Chapter 9: The Time Value of Money
Chapter 10: Valuation and Rates of Return
Chapter 11: Cost of Capital
Chapter 12: The Capital Budgeting Decision
Chapter 13: Risk and Capital Budgeting
PART 5: LONG-TERM FINANCING
Chapter 14: Capital Markets
Chapter 15: Investment Underwriting
Chapter 16: Long-Term Debt and Lease Financing
Chapter 17: Common and Preferred Stock Financing
Chapter 18: Dividend Policy and Retained Earnings
Chapter 19: Derivative Securities
PART 6: EXPANDING THE PERSPECTIVE OF CORPORATE FINANCE
Chapter 20: External Growth through Mergers
Chapter 21: International Financial Management
Appendices
Glossary
Index
Formulas
The thirteenth Canadian edition continues to make finance accessible to students and has been updated to include new real-world examples and problem material.
- Lessons learned from the 2008 financial crisis as well as the impact of COVID-19 and the business adjustments made.
- Streamlined discussions in bullet-point form are included where appropriate to allow for greater focus and attention to key ideas.
- The spreadsheet illustrations and their use in chapters 9, 10, and 11 have been altered to reflect the functions (fx) built into excel spreadsheets.
- All Finance In Action boxes have been re-examined for appropriateness and have been updated. Some new FIAs have been added in light of COVID-19 and its impacts. Web links have also been updated here to help students explore further research on these topics.
- Numerous problems have been revised and updated from the previous edition, as suggested and requested by reviewers.
NEW ALGO TEST BANK
This added test bank features algorithmic questions for testing chapter learning objectives to help meet academic integrity needs.
CANADIAN PERSPECTIVE. Familiar and new examples from the markets illustrate financial concepts, including examples from Canada and around the world. The Canadian perspective presented in Foundations of Financial Management through the text material and the Finance in Action (FIA) boxes, helps students to relate to the content.
PROBLEM-SOLVING APPROACH. The problem-solving approach provides a variety of problem materials that gives students the opportunity to practice and apply financial concepts, developing the skills and confidence needed to understand financial management.
REAL-WORLD RELEVANCE. Over 100 popular Finance in Action (FIA) boxes are integrated throughout the text and deal with the difficulties and opportunities in the financial markets. These boxes engage students and provide opportunities for rewarding discussions of current and historical financial events, issues, and practices.
EXTENSIVE PROBLEM MATERIAL. Block provides a wealth and variety of end-of-chapter material including discussion questions and problems, comprehensive problems, spreadsheet templates, and mini-cases.
CONNECT. McGraw-Hill Connect is a highly reliable, easy-to-use homework and learning management solution that utilizes learning science and award-winning adaptive tools to improve student results. With Connect's new ReadAnywhere app, students can study on the go - including reading and listening using the audio functionality - without any need for internet access. Using Connect, instructors can take advantage of McGraw-Hill's trusted content to seamlessly deliver assignments, quizzes and tests online.
McGraw-Hill Connect is an award-winning digital teaching and learning solution that empowers students to achieve better outcomes and enables instructors to improve course management efficiency.
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