Fundamentals of financial management

Table of Content

PART ONE: INTRODUCTION TO FINANCIAL MANAGEMENT

1. The Role of Financial Management
2. The Business, Tax and Financial Environments

PART TWO: VALUATION

3. The Time Value of Money
4. The Valuation of Long-Term Securities
5. Risk and Return
Appendix A: Measuring Portfolio Risk
Appendix B: Arbitrage Pricing Theory

PART THREE: TOOLS OF FINANCIAL ANALYSIS AND PLANNING

6. Financial Statement Analysis
Appendix: Deferred Taxes and Financial Analysis
7. Funds Analysis, Cash-Flow Analysis, and Financial Planning
Appendix: Sustainable Growth Modeling

PART FOUR: WORKING CAPITAL MANAGEMENT

8. Overview of Working Capital Management
9. Cash and Marketable Securities Management
10. Accounts Receivable and Inventory Management
11. Short-Term Financing


PART FIVE: INVESTMENT IN CAPITAL ASSETS

12. Capital Budgeting and Estimating Cash Flows
13. Capital Budgeting Techniques
Appendix A: Multiple Internal Rates of Return
Appendix B: Replacement Chain Analysis
14. Risk and Managerial Options in Capital Budgeting

PART SIX: THE COST OF CAPITAL, CAPITAL STRUCTURE, AND DIVIDEND POLICY

15. Required Returns and the Cost of Capital
Appendix A: Adjusting the Beta for Financial Leverage
Appendix B: Adjusted Present Value
16. Operating and Financial Leverage
17. Capital Structure Determination
18. Dividend Policy

PART SEVEN: INTERMEDIATE AND LONG-TERM FINANCING

19. The Capital Market
20. Long-Term Debt, Preferred Stock, and Common Stock
Appendix: Refunding A Bond Issue
21. Term Loans and Leases
Appendix: Accounting Treatment of Leases

PART EIGHT: SPECIAL AREAS OF FINANCIAL MANAGEMENT

22. Convertibles, Exchangeables, and Warrants
Appendix: Option Pricing
23. Mergers and Other Forms of Corporate Restructuring
Appendix: Remedies for a Failing Company
24. International Financial Management

Fundamentals of Financial Management, 13/e, provides a practical introduction to understanding the financial management of companies in today's rapidly changing business world. Maintaining its dedication to the financial decision-making process and the analysis of value creation, this new edition develops a more international scope and introduces new topics into the debate. Current discussions on corporate governance, ethical dilemmas, globalization of finance, strategic alliances and the growth of outsourcing have been added with examples and boxed features to aid understanding and provide a more global perspective of financial management.