FINANCIAL POLICY AND MANAGEMENT ACCOUNTING-------PHI
This well-received book, now in its eighth edition, provides a comprehensive analysis of the fundamental concepts of financial management and management accounting. The elegantly combined presentation of the various aspects of financial management and the topics of management accounting is a highlight of this text.
The extensively revised, updated and reorganised new edition retains the thorough coverage of the various areas of financial management—basic concepts of finance, sources of finance, capital structure theories and planning, dividend policies, investment decisions, portfolio management and working capital management—as well as the areas of management accounting—changes in financial position, budgetary control and standard costing, and cost information and management decisions—provided in the previous editions. It presents, in addition, significant and contemporary topics such as financial environment, corporate governance and international financial management.
This book is recommended in Sikkim University for B.Sc., M.Sc. Mathematics and MBA, Goenka College of Commerce & Business Administration, Kolkata for M.Com, Shri Shikshayatan College, Kolkata for M.Com, West Bengal University of Technology, Kolkata for BBA, Diamond Harbour Women’s University, West Bengal for Master of Business Studies, University of Burdwan, West Bengal, for M.Com, MBA, Sambalpur University, Odisha for Master of Finance and Control.
Intended primarily for postgraduate students of commerce (MCom) and management (MBA with finance specialisation), the book will also be highly useful for undergraduate students of these disciplines (BCom/BBA), students of professional courses such as CA and ICWA, as well as professionals in the fields of financial management and management accounting.
Contents:
Part I: INTRODUCTION AND BASIC CONCEPTS
1 Management Accounting and Financial Management Interface
2 Financial Environment
3 Some Basic Concepts of Finance
4 Valuation of Securities
Part II: FINANCING AND DIVIDEND DECISIONS
5 Sources of Finance
6 Cost of Capital
7 Analysis of Operating and Financial Leverages
8 Capital Structure Theories and Planning
9 Dividend Policy
Part III: INVESTING IN
LONG-TERM AND SHORT-TERM ASSETS
10 Capital Budgeting Decisions
11 Working Capital Management
Part IV: FINANCIAL ANALYSIS AND PERFORMANCE MEASUREMENT
12 Changes in Financial Position
13 Accounting Ratios and Financial Statement Analysis
14 Emerging Tools for Performance Measurement
Part V: FINANCIAL PLANNING AND MANAGEMENT DECISIONS
15 Budgeting and Standard Costing
16 Cost Information and Management Decisions
Part VI: CONTEMPORARY TOPICS
17 Managing Risks
18 Business Combinations
19 Corporate Governance
20 Essentials of International Financial Management
Appendix
Answers to Exercises
Index
