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Wednesday, August 14, 2013

Study Finance: Fundamentals of Applied Finance.

Study Finance - an excellent website providing useful "Self-Paced Overviews" of the main topics covered in an introductory finance course. The site is divided into 13 topical areas, e.g., Time Value of Money, Capital Budgeting, Funds Type Statements,
Basic Financial Statements, Ratio Analysis, Sustainable Growth Measures, Types of Business Organization, Working Capital Management, Valuation of Corporate Securities, and Getting Started with Excel.
Subjects include basic double entry accounting principles, working capital, cash management, constructing and analyzing funds statements, computing simple and compound interest, capital budgeting techniques, operating leverage, and using a financial calculator (HP10bII+), with illustrated keystrokes for a series of sample problems.
Unlike Wachowicz's Web World: Web Sites for Discerning Finance Students (posted July 16, 2012) http://web.utk.edu/~jwachowi/
wacho_world.html , which is directly aligned with the topics of the author's finance textbook, Garrison's site is generic and, like similar sites, does not
lead easily to more in-depth coverage of the topics. Nevertheless, graphic design is excellent (the site works well with a variety of browsers and is free of pop-ups and advertisements; however, in selected browsers ads appear to pop up when scrolling over particular words or phrases).
Navigation is well planned and straightforward; the brief generic text and examples are well written. Cleverly designed solution grids for problems enable the site to be easily used as a supplementary resource and introductory reference for anyone with an interest in basic finance topics. Continuously updated tickers with statistical data on commodity prices and US debts are an interesting addition to the site's home page. Summing Up: Highly recommended. General readers; lower-division and two-year program students; practitioners. -- S. R. Kahn, emeritus, University of Cincinnati. Reviewed in the August 2013 issue of ACRL's Choice.

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