Pt. 1. Introduction to financial management. The role of financial management -- The business, tax and financial environments -- pt. 2. Valuation. The time value of money -- The valuation of long-term securities -- Risk and return -- Appendix A: Measuring portfolio risk -- Appendix B: Arbitrage pricing theory -- pt. 3. Tools of financial analysis and planning. Financial statement analysis -- Appendix: Deferred taxes and financial analysis -- Funds analysis, cash-flow analysis, and financial planning -- Appendix: Sustainable growth modeling -- pt. 4. Working capital management. Overview of working capital management -- Cash and marketable securities management -- Accounts receivable and inventory management -- Short-term financing -- pt. 5. Investment in capital assets. Capital budgeting and estimating cash flows -- Capital budgeting techniques -- Appendix A: Multiple internal rates of return -- Appendix B: Replacement chain analysis -- Risk and managerial (real) options in capital budgeting -- pt. 6. The cost of capital, capital structure, and dividend policy. Required returns and the cost of capital -- Appendix A: Adjusting the Beta for financial leverage -- Appendix B: Adjusted present value -- Operating and financial leverage -- Capital structure determination -- Dividend policy -- pt. 7. Intermediate and long-term financing. The capital market -- Long-term debt, preferred stock, and common stock -- Appendix: Refunding a bond issue -- Term loans and leases -- Appendix: Accounting treatment of leases -- pt. 8. Special areas of financial management. -- Convertibles, exchangeables, and warrants -- Appendix: Option pricing -- Mergers and other forms of corporate restructuring -- Appendix: Remedies for a failing company -- International financial management