The role and environment of managerial finance -- Financial statements and analysis -- Cash flow and financial planning -- Time value of money -- Risk and return -- Interest rates and bond valuation -- Share valuation -- Capital budgeting cash flows -- Capital budgeting techniques -- Risk and refinements in capital budgeting -- The cost of capital -- Leverage and capital structure -- Dividend policy -- Working capital and current assets management -- Current liabilities management -- Hybrid and derivative securities -- Mergers, LBOs, divestitures, and business failure -- International managerial finance.