This book provides current and future current and future managers with the tools to make and implement the most effective decisions in the often chaotic world. Introduction to Financial Management, An Overview of Financial Management, Analysis of Financial Statements, The Financial Environment: Markets and Institutions and Interest Rates and Taxes, Valuation Concepts, Risk and Return, Discounted Cash Flow Analysis, Capital Budgeting, The Cost of Capital, The Basics of Capital Budgeting, Project Cash Flow Analysis, Risk Analysis and the Optimal Capital Budget, Capital Structure and Dividend Policy, Capital Structure Decisions, Dividend Policy, Planning and Budgeting, Long-Term Planning and Forecasting, Short-Term Planning and Forecasting, Working Capital Management and Financing, Cash Management and Short-Term Financing, Accounts Receivable and Inventory Management, Long-Term Financing, Lease Financing, Options and Warrants and Convertibles and Futures, Special Topics, Bankruptcy and Reorganization and Liquidation, Mergers and LBOs and Divestitures and Holding Companies, Multinational Financial Management, Appendixes.