Cover Page -- Title Page -- Copyright Page -- Dedication -- Contents -- Preface -- Introduction -- Part 1. Introduction to Financial Risk -- Chapter 1. Categorizing Financial Risks -- The Enterprise Risk Management Framework -- Risk Categories -- Financial Risk Management -- Conclusion -- Part 2. Accounting, Cash Flow, and Budget Exposures -- Chapter 2. Risks from Financial Accounting -- Overview of Accounting -- Accounting Principles -- Categories of Accounts -- Trial Balance -- Financial Statements -- Conclusion -- Chapter 2 Appendixes -- Chapter 3. Managing Operating Cash Flows -- The Cash Flow Statement -- Cash Flow Exposures -- Conclusion -- Chapter 3 Appendixes -- Chapter 4. Operating Budgets -- Nature of Budgeting -- Forecasting Revenues -- Life-Cycle Stages in Budgeting -- Risks in Revenue Forecasting -- Expense Allocations -- Accounting Budgets -- Cash Budgeting -- Details of Budgeting -- Conclusion -- Chapter 4 Appendixes -- Part 3. Analyzing Operating Risks -- Chapter 5. Profit Planning -- Planning -- Breakeven Analysis -- Profit-Volume Analysis -- Marginal Analysis -- Future Earnings per Share -- Conclusion -- Chapter 5 Appendixes -- Chapter 6. Leverage -- Return on Investment Leverage -- Operating Leverage -- Financial Leverage -- Weaknesses of Profit Planning -- Conclusion -- Chapter 6 Appendixes -- Chapter 7. Financial Analysis -- Ratio Analysis -- Liquidity Ratios -- Profitability Ratios -- Other Ratios -- Determining Financial Norms -- Conclusion -- Chapter 7 Appendixes -- Part 4. Relationship of Risk and Return -- Chapter 8. Time Value of Money -- Short-Term Financing -- Intermediate-Term Financing -- The Amortization Schedule -- Conclusion -- Chapter 8 Appendixes -- Chapter 9. Risk and Required Return -- Nature of Risk -- Capital Asset Theory -- Risk and Required Return -- Financial and Operational Risks -- Conclusion.

Chapter 9 Appendixes -- Part 5. Nature of a Capital Investment Decision -- Chapter 10. Capital Budgeting Cash Flows -- Foundation of Capital Budgeting -- Cash Flows -- Conclusion -- Chapter 10 Appendix -- Chapter 11. Capital Budgeting Returns -- Payback Method -- Present Value Techniques -- Internal Rate of Return Method -- Net Present Value (NPV) Method -- Midyear Discount Factors for Cash Flows -- Conclusion -- Chapter 11 Appendixes -- Part 6. Factors That Affect the Value of a Firm -- Chapter 12. Valuation of Common Stock -- Common Stock and Equity Markets -- Valuation Concepts -- Value of Common Stock -- Comparative Approaches to Valuation -- Conclusion -- Chapter 12 Appendixes -- Chapter 13. Capital Structure of the Firm -- Capital Structure -- Weighted Average Cost of Capital (WACC) -- Required Return at the Margin -- Contribution of Miller and Modigliani -- Optimal Capital Structure -- Conclusion -- Chapter 13 Appendixes -- Chapter 14. Valuation of Business Combinations -- Business Combinations -- Pyramiding -- Takeover Strategies -- Conclusion -- Chapter 14 Appendixes -- Index.