Focused on real-life decision making in an international context, this text demystifies and simplifies multinational financial management in a clear, conceptual framework. The approach is to treat international financial management as a natural and logical extension of the principles and valuation framework provided by domestic corporate financial management to account for dimensions unique to international finance. All traditional areas of corporate finance are explored - working capital management, capital budgeting, cost of capital, and financial structure - from the perspective of a multinational corporation.