Financial Management is an essential part of the economic and non-economic activities which leads to decide the efficient procurement and utilization of finance with profitable manner. In the olden days, the subject Financial Management was a part of accountancy with the traditional approaches.
Nowadays, it has been enlarged with innovative and multi-dimensional functions in the field of business. With the effect of industrialization, Financial Management has become a vital part of the business concern and they are concentrating more in the field of Financial Management. Financial Management also developed as corporate finance, business finance, financial economics, financial mathematics and financial engineering.
Understanding the basic concept about the Financial Management becomes an essential part for the students of Economics, Commerce and Management. A clear exposition of these concepts, procedures and techniques is a must for every business executive. The Universities and Professional Institutions which prepare young men and women for careers in business and industry have, therefore, a solemn duty to perform. Their courses must be constantly updated so that they meet the growing and dynamic demands of business and industry.
Keeping the above objectives in mind, most of the universities all over the country have incorporated a subject 'Financial Management' in the course curriculum of their MBA and PGDM programmes. The unique feature of this book lies in the presentation of theory, which enables students to solve practical problems. The other main strengths of this book are its plentiful illustrative examples and end-of-chapter exercises. The wide coverage and user-friendly approach helps the book meet the requirements of the students of MBA. The book will also be of help to students of B.Com.; M.Com., M.C.A., M.F.M., C.A, ICWA and CS.
Section – I: Introduction to Finance and Financial Management
1. Finance – An Introduction
2. Nature and Scope of Financial Management
Section – II: Financing Decision
3. Sources of Finance
4. Capital Structure
6. Cost of Capital
Section – III: Investment and Dividend Decision
7. The Value of Money
8. Capital Budgeting – A Conceptual Framework
9. Capital Budgeting – Techniques of Evaluation
10. Risk Analysis in Capital Budgeting
11. Dividend Decisions
Section – IV: Working Capital and Management of Working Capital
12. Working Capital – An Overview
13. Management of Working Capital – I
14. Management of Working Capital – II
Section – V: Mergers and Acquisitions
15. Mergers and Acquisitions
16. Financial Management in Government Companies