Explains the relationship between financial statements and the categorization of cash flows into different activities, highlighting that profit does not always equal cash.
Explores the impact of debt and taxes on firm value and shareholder wealth, covering Modigliani/Miller theorem, leverage effects, debt financing mechanics, and valuation methods.
Covers investment decisions, focusing on annuities, discounting costs, and evaluating profitability through net present value and internal rates of return.
