Contents
List of figures
List of tables
Preface
Acknowledgments
Guided Tour

PART 1            A FRAMEWORK FOR FINANCIAL DECISIONS
1            An overview of financial decisions
2            The financial environment
3            Present values and financial arithmetic
4            Valuation of assets, shares and companies

PART 2            INVESTMENT DECISIONS AND STRATEGIES
5            Investment appraisal methods
6            Project appraisal – applications
7            Investment strategy and process

PART 3            INVESTMENT RISK AND RETURN
8            Analysing investment risk
9            Relationships between investments: portfolio theory
10          Setting The Risk Premium: The Capital Asset Pricing Model
11          The required rate of return on investment and shareholder value analysis
12          Identifying and valuing options

PART 4            SHORT-TERM FINANCING AND POLICIES
13          Treasury management and working capital policy
14          Short-term asset management
15          Short- and medium-term finance

PART 5            STRATEGIC FINANCIAL DECISIONS
16          Long-term finance
17          Returning value to shareholders: the dividend decision
18          Capital structure and the required return
19          Does capital structure really matter?
20          Acquisitions and restructuring

PART 6            INTERNATIONAL FINANCE
21          Managing currency risk
22          Foreign investment decisions
23          Review and frontiers of finance

Appendix A            Solutions to self-assessment activities
Appendix B            Solutions to selected questions
Appendix C            Present value interest factor (PVIF)
Appendix D            Present value interest factor for an annuity (PVIFA)