This book proves to be particularly useful for executives of private and public enterprises and organizations who wish to understand the analysis of financial problems within the context of budgets and cash programs. It is intended for executives responsible for decision-making on issues where time is the key factor, as well as for selecting sources of funding and uses of capital.

A special feature of the book is the balanced combination of mathematical theory with examples, facilitating undergraduate students in understanding the practical applications of the subject. The various concepts are introduced gradually, making the study easier and leveraging the principle of repetition.

The purpose of this edition is to update and harmonize the content so that the knowledge responds to modern conditions. The examples include the process of solving them using Excel, as well as an Appendix with the basic functions of this software.