PART I: THE FINANCIAL ENVIRONMENT 1. The Role of the Financial Manager. 2. The Business Environment. 3. The Firm's Financial Statements. PART II: PROJECT EVALUATION 4. Present Value and Future Value. 5. The Net Present Value Investment Criterion. 6. Net Present Value versus Other Investment Criteria. 7. Capital Budgeting: Estimating Cash Flows. PART III: PORTFOLIO AND CAPITAL BUDGETING DECISIONS 8. The Gain from Diversification. 9. Risk and Return. 10. Cost of Capital, Risk, and the Optimal Capital Budget. 11. Hedging Macroeconomic Risk with Derivatives. PART IV: LONG-TERM FINANCING 12. Long-Term Debt. 13. Stocks: Equity Financing. 14. Going Public: Why and How. PART IV: CAPITAL STRUCTURE AND DIVIDEND POLICY 15. Does Capital Structure Matter? A Perfect Market. 16. Does Capital Structure Matter? An Imperfect Market. 17. Does Dividend Policy Matter? PART VI: FINANCIAL PLANNING 18. Long-Term Financial Planning. 19. Short-Term Financial Planning. PART VII: SHORT-TERM FINANCIAL MANAGEMENT 20. Managing Cash Assets. 21. Managing Accounts Receivable and Inventory.