Professor James K. Owens

West Texas A&M University


Pacific Coast Banking School


GoalsFinancial AnalysisForecastAsset SelectionCapital StructureRewards




Welcome to the web version of Financial Management Toolbox. The title reflects a personal fascination with the talent and efforts of craftspeople, whether they be home chefs, auto mechanics or financial analysts, requiring the skilled application of specialized tools. A typical beginner with a new interest, whether motivated as a vocation or an avocation, acquires a basic set of tools.. The tools become more numerous and specialized as skills increase and the demands of the activity move to a higher level. The initial tools are rarely discarded, presuming they were good quality, but are supplemented with items specific to the specialized task being performed. This "toolbox" contains some basic tools of financial analysis providing a core you can use to further develop the skills associated with this demanding activity as well as providing access to sources of more specialized tools associated with specific analytical tasks.

Information(Please click if you are a first time user)

Useful external links that are of a generalized nature:


I make no pretense that this is a complete treatment of any of the topics presented. It is a means to introduce some basic "tools" of financial analysis and financial management to those who may not have experience with same or whose knowledge has grown rusty during the pursuit of other interests. The bibliography contains references to other textual material that provides a much greater depth of discussion on these topics if you are interested in further study. My purpose is to introduce the tools and their general application although students in my advanced finance classes at West Texas A&M University will tell you that a favorite phrase is "yessss-buuuut" when exceptions to the general rules come forth during our discussions. The "tools" themselves are not flawed, but their application needs to be tempered with a consideration of the broader managerial context and the reality that financial management always deals with an uncertain future. The past has gone past so there is little point in worrying about it except to the extent that it helps us better understand possible future directions. Financial decisions, by definition, involve analysis of incomplete information in an ever-changing environment while trying to peer into a murky future.

If it was easy, they wouldn't pay so generously when done well!

You can e-mail me with questions, suggestions for improvement or notification of errors using the following link:

Jim Owens