The book is organized into six major parts as follows: part I, THE WORLD OF FINANCE contains chapters on the structure and goals of firms, the role of financial managers, and an examination of the financial environment. Part II, ESSENTIAL CONCEPTS IN FINANCE presents chapters on accounting statements and their interpretation, forecasting, risk and return, and the time value of money. Part III, CAPITAL BUDGETING AND BUSINESS VALUATION contains chapters on measuring a firm's cost of capital, capital budgeting decision methods, incremental cash flow estimation and business valuation. Part IV, LONG-TERM FINANCING DECISIONS contains chapters on capital structure basics, corporate bonds, preferred stock, leasing, common stock and divided policy. Part V, SHORT-TERM MANAGEMENT DECISIONS includes chapters on working capital policy, cash and marketable securities, accounts receivable and inventory, and short-term financing. Part VI, FINANCE IN A GLOBAL ECONOMY is where international finance topics are covered, in addition to those international topics that are woven throughout the book. 

Includes illustrations, glossary, index