The course explores how managers make financial decisions through the analysis of Harvard Business School cases. Should a firm undertake a new investment opportunity, raise equity, acquire another firm or conduct an IPO? How should small firms manage their working capital? How fast can a firm grow? These questions can be answered through incremental cash flow analysis technique, and students will learn how to properly apply the technique to real-life situations. The course also examines how market imperfections, such as taxes, information asymmetries and conflicts of interest, affect optimal corporate policies and what managers can do to increase the value of the firm. Highly recommended for students interested in corporate finance and in entrepreneurial finance.