This course focuses on the role of the financial manager as decision maker. The first half of the course, therefore, deals with the tools of the trade: It defines the financial environment and its diagnostics system, the analysis of financial statements. It then studies the interest rates and time value of money in connection with the characteristics of discounted cash flow method of asset valuation. The second half of the course involves in dynamic financial management: building a discussion of the relationship between risk and return will be followed by the bonds and stocks as financial assets and their valuation. Finally, the capital budgeting and basic long-term financing including the impact of financial leverage on firm value will be covered.