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Contents
Introduction
Helping you to pass iv
Chapter features v
Introduction to the Essential reading vi
Introduction to Financial Management (FM) vii
The syllabus viii
The Exam xi
Essential skills areas to be successful in Financial Management xii
Specific FM skills xii
Question practice xix
1 Financial management function 1
2 Financial management environment 25
3 Working capital investment 45
4 Cash management and working capital finance 79
Skills checkpoint 1 99
5 Investment decision 107
6 Allowing for tax, working capital and inflation 135
7 Project appraisal and risk 157
8 Specific investment decisions 173
Skills checkpoint 2 193
9 Sources of finance 201
10 Dividend policy 221
11 The cost of capital 233
12 Capital structure 263
Skills checkpoint 3 287
13 Business valuations 293
Skills checkpoint 4 321
14 Foreign currency risk 329
15 Interest rate risk 363
Skills checkpoint 5 385
Essential Reading
Financial management function 387
Financial management environment 401
Working capital investment 411
TT2020
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