PART 1: FOUNDATIONS OF CORPORATE FINANCE
Chapter 1: Introducing the firm and its goals
Chapter preview
Goals of firms
Roles of financial managers
The principal - agent problem
Ethics in business
Challenges facing modern firms
How being a person affects decision making
Executive summary

Chapter 2: Business structures and Taxation
Chapter preview
Forms of business organisation
Features of Australian income taxation arrangements
Dividend imputation
Executive summary

Chapter 3: Business and the financial markets
Chapter preview
The roles of the financial markets
Financing business operations
Types of financial institutions
Classifying the markets
Debt and equity
Forms of debt
Equity instruments
Regulators and regulation
Executive summary

Chapter 4: Financial mathematics
Chapter preview
Cash flows, interest and the time value money
Simple interest
An application of simple interest: pricing commercial bills
Compound interest
Future and present value of several equal sums
Present and future value of unequal amounts
Solving time value problems executive summary

Chapter 5: Understanding risk and return
Chapter preview
What is return?
Calculating returns
What is risk?
The relationship between risk and return
Reducing risk
The capital asset pricing model
Executive summary

PART 2: INVESTMENT CHOICES

Chapter 6: Valuation of bonds and shares
Chapter preview
Price and value
How are security prices set?
Principles of security valuation
Valuing bonds
Valuing preference shares
Valuing ordinary shares
Price - earning ratio
Executive summary

Chapter 7: Cost of capital
Chapter preview
The cost of capital concept
Estimating the component costs
Under-utilisation of imputation credits
The weighted-average cost of capital
Capital structure
Evaluation changes in capital structure
Executive summary

Chapter 8: Planning investments - discounted cash flow techniques
Chapter preview
Investment and the business of the firm
Investments and firm value
Estimating cash flows
Net present value
Internal rate of return
Executive summary

Chapter 9: Planning investments - some real-world companies
Chapter preview
Analysing a set of projects
Incorporating risk into the analysis
Taxation and investment planning
Non-discounted methods of project evaluation
Non-financial factors in project choices
Executive summary

PART 3: FINANCING THE FIRM

Chapter 10: Short-term finance - working capital
Chapter preview
Working capital
Ana appropriate level of net working capital
Sources and costs of informal short-term finance
Sources and costs off normal short-term finance
Executive summary

Chapter 11: Managing current assets
Chapter preview
The dual meaning of 'cash'
The motives for holding cash
Managing cash
Using electronic funds transfer (EFT)
Debtors or accounts receivable
Managing inventories
Executive summary

Chapter 12: Long-term external finance
Chapter preview
Intermediated finance
The lease or buy decision
Debt finance from the Australian market
Hybrid finance from the Australian market
International sources of funding
Equity finance securities
Raising equity finance
Executive summary

Chapter 13: Dividend policy and internal financing
Chapter preview
Fundamental dividend concepts
Dividend irrelevance theory
Dividend relevance theories
Alternatives to cash dividends
Optimal dividend policy
Executive summary

Chapter 14: Forecasting to evaluate financial decisions
Chapter preview
Overview of Australian corporate financial statements
Planning an forecasting
Cash budgeting
Pro-forma financial statements
Developing the pro-forma financial statements
Whit is financial ratio analysis?
Key ratios and financial statements
Executive summary

PART 4: SPECIAL TOPICS IN CORPORATE FINANCE

Chapter 15: Risk management
Chapter preview
Managing risk
Types of traders in the markets
Futures markets
The FRA market
The swaps markets
Company-issued options
Rules for hedgers using derivatives
Executive summary

Chapter 16: Capital restructuring - takeovers and divestments
Chapter preview
Takeovers
The takeover procedure
Why acquire another company?
The value of a takeover
From public to private ownership
From private to public ownership
Selling part of the company
Executive summary

Chapter 17: International corporate finance
Chapter preview
The foreign exchange market
Determinants of the foreign exchange rate
Exchange rate risk
International capital budgeting
Executive summary

CASE STUDIES
Financial advisory service
Next Net
Solar Sail Ltd
Hygienic Solutions and the EnviroMist
Spring Chickens
Financial advisory service II
Greenfish Ltd
Rebellion Flour Ltd
Financial advisory service III
Financial advisory service IV
Romantic Roses
Speedy Concrete
Financial advisory service V
Palmer Hardware Ltd
First Blush Ltd