An overview of financial management -- Financial statements, cash flow, and taxes -- Analysis of financial statement -- The financial environment : markets, institutions, and interest rates -- Risk and rates of return -- Time value of money -- Bonds and their valuation -- Zero coupon bonds -- Bankruptcy and reorganization -- Stocks and their valuation -- The cost of capital -- The basics of capital budgeting -- Cash flow estimation and other topics in capital budgeting -- Depreciation -- Refunding operations -- Risk analysis and the optimal capital budget -- Capital structure and leverage -- Degree of leverage -- Dividend policy -- Financial forecating -- Managing current assets -- The cash conversion cycle -- Financing current assets -- Secured short-term financing -- Multinational financial management -- Derivatives and risk management -- Hybrid financing : preferred stock, leasing, warrants, and convertibles -- Mergers, LBOs, divestitures, and holding companies

1. Corporations -- Finance