Corporate Financial Analysis discusses financial analysis as it relates to managerial decision-making. Through the financial decisions they make, managers create value. Value creation, and the role that good analysis plays is the topic of this book. This book takes a practical orientation toward value. It does not present abstract financial theory or rigorous mathematical proofs; rather, it explains how the tools, concepts, and theories of finance can be used to improve decision making. Current examples of actual business situations are used throughout the book to illustrate the application of modern financial theories and techniques. This book can serve as a useful reference for the practicing manager who wants a review of current financial concepts and techniques.