Table Of ContentPART 1 INTRODUCTION 1 The Goals and Activities of Financial Management PART 2 FINANCIAL ANALYSIS AND PLANNING 2 Review of Accounting 3 Financial Analysis 4 Financial Forecasting 5 Operating and Financial Leverage PART 3 WORKING CAPITAL MANAGEMENT 6 Working Capital and the Financing Decision 7 Current Asset Management 8 Sources of Short-Term Financing PART 4 THE CAPITAL BUDGETING PROCESS 9 The Time Value of Money 10 Valuation and Rates of Return 11 Cost of Capital 12 The Capital Budgeting Decision 13 Risk and Capital Budgeting PART 5 LONG-TERM FINANCING 14 Capital Markets 15 Investment Banking 16 Long-Term Debt and Lease Financing 17 Common and Preferred Stock Financing 18 Dividend Policy and Retained Earnings 19 Convertibles, Warrants, and Derivatives PART 6 EXPANDING THE PERSPECTIVE OF CORPORATE FINANCE 20 External Growth through Mergers 21 International Financial Management
SynopsisFoundations of Financial Management has built a loyal following due to its strong real-world emphasis, clear writing style, and step-by-step explanations that simplify difficult concepts. As the field of finance has become much more analytical, the text focuses on the "nuts and bolts" of finance with a clear and thorough treatment of concepts and applications. The authors emphasize decision-oriented approaches rather than the old, descriptive approach. They have also stayed with their basic mission of making sure students can follow their discussions throughout the text. Block, Hirt, and Danielsen have always been devoted to producing a high-quality text by writing the entire book and all the problems themselves. The authors know what works and what doesn't work for students, and they have consistently maintained a product that is responsive to the demands of the marketplace.