Reviews the book `Information to be Included in the Annual Report to Shareholders,' by G,D. Trites and others.

Reviews the book "Intermediate Accounting," 2nd ed., by Loren A. Nikolai, John D. Bazley, Richard G. Schroeder and Isaac N. Reynolds.

Bankruptcy, Cash-based fund flow ratios, Cashflow statements, Fund flow components

Most finance students will do short-term finance assignments when they go to work. In recent survey of CEO's, Controllers, and Treasurers that appeared in Financial Practice & Education, the question was asked which elective is the most important and 81% responded a short-term financial management course should be required. Both authors hold a Certified Cash Manager credential. Strengths include broader and better integrated coverage of treasury and working capital management, while using valuation and the cash flow timeline as integrating themes. Up to date presentations of developments in treasury management, banking deregulation, globalization of financial services delivery, electronic commerce, international cash management, and foreign exchange risk with a decision making emphasis throughout offers a complete view for students. This text is appropriate for upper level undergraduate finance courses in short-term financial management, working capital management, treasury management, and cash and cash flow management. It can also fit the MBA level financial management and short-term financial management courses.

Part I: INTRODUCTION. 1. The Role and Objective of Financial Management. 2. The Domestic and International Financial Marketplace. 3. Evaluation of Financial Performance. 4. Financial Planning and Forecasting. Part II: DETERMINANTS OF VALUATION. 5. The Time Value of Money. 6. Fixed Income Securities: Characteristics and Valuation. 7. Common Stock: Characteristics, Valuation, and Issuance. 8. Analysis of Risk and Return. Part III: THE CAPITAL INVESTMENT DECISION. 9. Capital Budgeting and Cash Flow Analysis. 10. Capital Budgeting: Decision Criteria and Real Option Considerations. 11. Capital Budgeting and Risk. Part IV: THE COST OF CAPITAL, CAPITAL STRUCTURE, AND DIVIDEND POLICY. 12. The Cost of Capital. 13. Capital Structure Concepts. 14. Capital Structure Management in Practice. 15. Dividend Policy. Part V: WORKING CAPITAL MANAGEMENT. 16. Working Capital Policy and Short-Term Financing. 17. The Management of Cash and Marketable Securities. 18. The Management of Accounts Receivable and Inventories. Part VI: ADDITIONAL TOPICS IN CONTEMPORARY FINANCIAL MANAGEMENT. 19. LEASE AND INTERMEDIATE-TERM FINANCING. 20. Financing with Derivatives. 21. Risk Management. 22. International Financial Management. 23. Corporate Restructuring. Appendix 2A: Taxes. Appendix 5A: Continuous Compounding and Discounting. Appendix 9A: Depreciation. Appendix 10A: Mutually Exclusive Investments Having Unequal Lives. Appendix 14A: Breakeven Analysis. Appendix 20A: The Black-Scholes Option Pricing Model. Appendix 20B: Bond Refunding Analysis.