Foundations of Financial Management is a proven and successful text recognized for its excellent writing style and step-by-step explanations to make the content relevant and easy to understand. The text's approach focuses on the "nuts and bolts" of finance with clear and thorough treatment of concepts and applications. There is a strong real-world emphasis presented throughout. This text has definitely stood the test of time due to the authors' time, energy, and commitment to quality revisions. In addition to completing the textbook revisions, the authors also revised ALL end of chapter problems and complete the solutions themselves. Block and Hirt know what works and what doesn't work for students, and they have consistently maintained a high quality textbook that is responsive to the demands of the marketplace. 

Table of Contents

Part 1. Introduction
1. The Goals and Functions of Financial Management

Part 2. Financial Analysis and Planning
2. Review of Accounting
3. Financial Analysis
4. Financial Forecasting
5. Operating and Financial Leverage Part
3. Working Capital Management
6. Working Capital and the Financing Decision
7. Current Asset Management
8. Sources of Short-Term Financing

Part 4. The Capital Budgeting Process
9. The Time Value of Money
10. Valuation and Rates of Return
11. Cost of Capital
12. The Capital Budgeting Decision
13. Risk and Capital Budgeting

Part 5. Long-Term Financing
14. Capital Markets
15. Investment Banking: Public and Private Placement
16. Long-Term Debt and Lease Financing
17. Common and Preferred Stock Financing
18. Dividend Policy and Retained Earnings
19. Convertibles , warrants, and Derivatives

Part 6. Expanding the Perspective of Corporate Finance
20. External Growth through Mergers
21. International Financial Management

Appendixes
Glossary
Index