Fundamentals of Corporate Finance
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 Goals and Governance of the Firm
Chapter 2 Financial Markets and Institutions
Chapter 3 Accounting and Finance
Chapter 4 Measuring Corporate Performance
Part Two: Value
Chapter 5 The Time Value of Money
Chapter 6 Valuing Bonds
Chapter 7 Valuing Stocks
Chapter 8 Net Present Value and Other Investment Criteria
Chapter 9 Using Discounted Cash Flow Analysis to Make Investment Decisions
Chapter 10 Project Analysis
Part Three: Risk
Chapter 11 Introduction to Risk, Return, and the Opportunity Cost of Capital
Chapter 12 Risk, Return, and Capital Budgeting
Chapter 13 The Weighted-Average Cost of Capital and Company Valuation
Part Four: Financing
Chapter 14 Introduction to Corporate Financing and Governance
Chapter 15 Venture Capital, IPOs, and Seasoned Offerings
Part Five: Debt and Payout Policy
Chapter 16 Debt Policy
Chapter 17 Leasing
Chapter 18 Payout Policy
Part Six: Financial Planning
Chapter 19 Long-Term Financial Planning
Chapter 20 Short-Term Financial Planning
Part Seven: Short-Term Financial Decisions
Chapter 21 Cash and Inventory Management
Chapter 22 Credit Management and Collection
Part Eight: Special Topics
Chapter 23 Mergers, Acquisitions, and Corporate Control
Chapter 24 International Financial Management
Chapter 25 Options
Chapter 26 Risk Management
Appendix A: Present Value Tables
Recognized for outstanding research, teaching excellence, and their market leading finance texts, Brealey's writing style and approach sets it apart from others - relaxed, interesting, and readable - making the content more inviting for students. Brealey integrates current, real world applications, a variety of problem material and mini cases for students to practice and apply their knowledge.
The Eighth Canadian Edition continues to make financial management clear, useful, interesting and fun for the beginning students. The authors have updated coverage across all chapters, enhanced the analytical tools used with book and added material to improve readability.
- Tableau Dashboard Activities allow students to explore live Tableau dashboards directly within Connect and include auto-graded questions focused on both calculations and analysis
- Application-Based Activities. The Connect Application-Based Activities are highly interactive and automatically graded application- and analysis-based exercises wherein students immerse themselves in a business environment, analyze the situation, and apply their knowledge of business strategies. Students progress from understanding basic concepts to assessing and solving complex real-world scenarios.
- Enhanced the analytical tools used with the book
- Spreadsheet boxes are integrated into the chapters
- End-of-chapter problems include exercises that ask students to use a variety of Internet resources to solve financial problems and integrative mini cases
MODERN FINANCE. Brealey focuses on how companies invest in real assets and how they raise the money to pay for these investments. It also provides a broad introduction to the financial landscape, discussing the major players in financial markets, the role of financial institutions in the economy, and how securities are traded and valued by investors. The Brealey text is organized around the key concepts of modern finance.
FRAMEWORK APPROACH. Brealey offers students a solid framework for understanding finance. It focuses on setting out the basic principles of financial management and applying them to the main decisions faced by the financial manager. It explains why the firm's owners would like the manager to increase firm value and shows how managers choose between investments that may pay off at different points of time or have different degrees of risk. It also describes the main features of financial markets and discusses why companies may prefer a particular source of finance.
EXTENSIVE USE OF NUMERICAL EXAMPLES. Each chapter presents detailed numerical examples to help students become familiar and comfortable with the material. Real-life illustrations of the chapters' topics are integrated throughout, including excerpts from the financial press found in Finance in Action boxes. By connecting concepts with practice, Brealey gives students a working ability to make financial decisions.
INFORMAL WRITING STYLE. Brealey offers learners a relaxed and informal writing style. Even when an equation is presented, it is written in words before using symbols. This presentation is less intimidating and focuses attention on the underlying concept rather than just the formula.
WEALTH OF PROBLEM MATERIAL. Brealey includes a wealth and variety of problem material to support student learning:
- Questions and Problems - questions with guided steps, integrative questions, qualitative/conceptual questions, and those requiring the use of Excel or an equivalent spreadsheet program. The Questions and Problems are grouped according to level of difficulty.
- Mini Cases - allow students to apply their knowledge to relatively complex, practical situations. The integrative mini cases end many chapters.
- Internet Problems - meant to be solved using the wealth of material available on the Internet.
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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