Contents. 1. The role of financial management. 2. The business, tax and financial environments. 3. The time value of money. 4. The valuation of long-term securities. 5. Risk and return. 6. Financial statement analysis. 7. Funds analysis, cash flow analysis, and financial planning. 8.Overview of working capital management. 9. Cash and marketable securities management. 10. Accounts receivable and inventory management. 11. Short-term financing. 12. Capital budgeting and estimating cash flows. 13.Capital budgeting techniques. 14. Risk and capital budgeting. 15. Required returns and the cost of capital. 16. Operating and financial leverage. 17. Capital structure determination. 18. Dividend policy. 19. The capital market. 20. Long-term debt, preferred stock, and common stock. 21. Term loans and leases. 22. Convertibles, exchangeables, and warrants. 23. Mergers and other forms of corporate restructuring. 24. International financial management. Answers to selected crossword puzzles. Tables.