PART 1: THE BUSINESS FINANCE ENVIRONMENT

1. Introduction

2. A framework for financial decision making

3. Financial accounting statements and their interpretation

PART 2: INVESTMENT DECISIONS

4. Investment appraisal methods

5. Practical aspects of investment appraisal

6. Risk in investment appraisal

7. Portfolio theory and its relevance to real investment decisions

PART 3: FINANCING DECISIONS

8. Sources of long-term finance

9. The secondary capital market (the stock exchange) and its efficiency

10. Cost of capital estimations and the discount rate

11. Gearing, the cost of capital and shareholders? wealth

12. The dividend decision

PART 4: INTEGRATED DECISIONS

13. Management of working capital

14. Corporate restructuring (including takeovers and divestments)

15. International aspects of business finance

16. Small businesses

References

Appendix 1. Present value table

Appendix 2. Annuity table

Appendix 3. Suggested answers to review questions

Appendix 4. Suggested answers to selected problem questions

Glossary