This new edition, expanded with the addition of four new chapters, continues to help students develop an essential understanding of how financial management plays a positive role in strategic management of organizations. The book is designed for a foundation course in financial management for the postgraduate students of business management (MBA), commerce, engineering and technology. It focuses on presenting with great clarity the basic concepts underlying the theory of financial management and also the real-world practice in areas of investment, financing and asset management.
Each financial function is discussed in the most lucid and concise manner to help students improve their basic skills in financial management. The aim of the book is to enable the readers to get a profound insight into the financial decision-making processes. The book introduces the readers to the three major decision-making areas in financial management: break-even analysis, decisions involving alternative choices, and variance analysis.
This book Useful for Management students.
1. Financial Functions of Management
2. Financial Planning
3. Financial Forecasting
4. Capitalisation and Capital Structure
5. Capital Structure Planning
6. Theory of Capital Structure
7. Cost of Capital
8. Leverages
9. Management of Working Capital
10. Management of Inventory
11. Receivables Management
12. Cash Management
13. Sources of Finance
14. Financial Analysis
15. Ratio Analysis
16. Funds Flow Analysis
17. Cash Flow Analysis
18. Dividend Policy
19. Budgeting
20. New Horizons in Budgeting
21. Capital Budgeting
22. Risk Analysis in Capital Budgeting
23. Marginal Costing
24. Cost-Volume-Profit Analysis
25. Managerial Applications of Marginal Costing
26. Standard Costing
27. Human Resource Accounting
28. Lease Financing
Appendix
Glossary
Bibliography
Index
