Includes bibliographical references and index.

Part I: Introduction -- Financial management and strategy: an overview -- The legal environment, business organization and taxes -- What every financial manager should know about security markets and interest rates -- Part II: Managing the flow of information -- The accounting framework as an information system -- Financial forecasting and planning -- Part III: Foundations of finance -- Time value of money and interest rates -- Valuation of stocks and bonds -- Risk and return -- Part IV: Long-term strategy: Capital budgeting decisions -- The net present value rule and capital budgeting -- Estimating cash flows -- Special topics and risk analysis in capital budgeting -- Part V: Long-term strategy: Financing decisions -- Common stock and investment banking -- Fixed income securities: Long-term debt and preferred stock -- Leverage and capital structure -- The cost of capital -- Dividend policy -- Part VI: Short-term financial strategy: Managing working capital -- Managing working capital: Inventories and receivables -- Managing cash and marketable securities -- Financing the investment in current assets -- Part VII: Variations on the theme: Some current issues in financial management -- Convertibles, warrants, options and leasing -- Growth by merger -- International financial management.