Sheridan Titman, University of Texas at Austin

Arthur J. Keown, Derby University

John D. Martin, Baylor University

"Part 1: Introduction to Financial Management

1. Getting Started—Principles of Finance

2. Firms and the Financial Markets

3. Understanding Financial Statements

4. Financial Analysis—Sizing Up Firm Performance



Part 2: Valuation of Financial Assets

5. The Time Value of Money—The Basics

6. The Time Value of Money—Annuities and Other Topics

7. An Introduction to Risk and Return—History of Financial Market Returns

8. Risk and Return—Capital Market Theory

9. Debt Valuation and Interest Rates

10. Stock Valuation



Part 3: Capital Budgeting

11. Investment Decision Criteria

12. Analyzing Project Cash Flows

13. Risk Analysis and Project Evaluation

14. The Cost of Capital



Part 4: Capital Structure and Dividend Policy

15. Capital Structure Policy

16. Dividend and Share Repurchase Policy



Part 5: Liquidity Management and Special Topics in Finance

17. Financial Forecasting and Planning

18. Working-Capital Management

19. International Business Finance

20. Corporate Risk Management

"

Tying it all together. Through relevant, contemporary examples, students can easily identify relationships between the following key financial principles:

· Principle 1: Money has a time value.

· Principle 2: There is a risk-return tradeoff.

· Principle 3: Cash flows are the source of value.

· Principle 4: Market prices reflect information

· Principle 5: Individuals respond to incentives.



Getting the most out of the material. Essential Learning Aids help students understand concepts on a deeper level.

· Financial Analysis Tools provide quick reference guides for decision-making tools used in financial analysis. Appearing throughout the book, these helpful boxes display names, details, and summaries of calculations and formulas.

· Concept Checks give students chances to test themselves before moving on with two to five questions. These help clarify topics and make sure concepts are understood at the end of specific sections.

· A running glossary appears in the margins to define key terms found within each section.

· Finance in a Flat World boxes demonstrate how each chapter's content applies to international business, including the ongoing global financial crisis.

· Regardless of Your Major boxes, found at the beginning of each chapter, incorporate examples from other business school majors to show the wide range of applicability finance has to students and their career paths.

· The Business of Life boxes link important financial concepts to personal finance matters, helping students see key principles in action.

· Fundamental equations appear throughout each chapter so students can reference formulas for assignments and problems.

· Checkpoint Worked Examples allow students to assess their progress and knowledge at specific points throughout the text.

· Appendixes provide supplemental information on skills such as using a financial calculator and spreadsheet, and reading time value of money tables.