Table of Contents

• 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

About the Author

James C. Van Horne, Professor of Banking and Finance at Stanford University. Also the author of Financial Management and Policy, a Pearson Education text.

John Wachowicz, Jr., Professor of Finance at The University of Tennessee.