FUNDAMENTALS OF FINANCIAL MANAGEMENT--------PHI

Financial Management is so crucial for any organization––public or private sector––as profit maximization and increasing the shareholder value depend, to a large measure, on efficient and effective financial management of the company or firm. With this end in view, Professor Bhabatosh Banerjee, drawing from his expertise and his rich and long years of experience, gives a masterly analysis of the fundamental principles of financial management along with their applications.

While retaining the distinguishing features of the previous edition, the book is now a much more comprehensive one on Financial Management. Significant changes have been incorporated into the chapters relating to cost of capital, analysis of leverages, capital structure theories and planning, capital budgeting decision, working capital management, changes in financial position, accounting ratios and financial statement analysis, mergers and acquisitions and corporate governance for further value addition of the book.

The book is logically organized into five parts—Part I: Basic Concepts, Part II: Financial and Dividend Decisions, Part III: Investing in Long-term and Short-term Assets, Part IV: Performance Analysis and Measurement, Part V: Contemporary Topics—to enable the students to understand the concepts, with suitable cases, chronologically and more effortlessly.

This book is primarily intended as a text for the students of commerce and management courses. It will also be highly useful for those appearing in CA and ICWAI examinations. In addition, the text will benefit practising finance and accounting professionals, corporate managers, and participants in management development programs.

• Includes numerous illustrations, worked-out problems and exercises covering recent questions in university and professional examinations.
• Gives corporate practices in professional management, wherever found necessary. This will enable the students to acquaint themselves with real-life situations.
• Provides Case Studies in a few complex chapters to enhance the analytical and presentation skills of the students in a classroom setting.

Contents:

Preface • Acknowledgements • Abbreviations Used



Part I: Basic Concepts



Chapter 1      Nature and Goal of Financial Decisions

Chapter 2      Financial Environment

Chapter 3      Time Value of Money

Chapter 4      Risk and Return

Chapter 5      Valuation of Securities



Part II: Financing and Dividend Decisions



Chapter 6      Sources of Capital

Chapter 7      Cost of Capital

Chapter 8      Analysis of Leverages

Chapter 9      Capital Structure Theories and Planning

Chapter 10   Dividend Policy



Part III: Investing in Long-Term and Short-Term Assets



Chapter 11   Capital Budgeting Decision

Chapter 12   Working Capital Management



Part IV: Performance Analysis and Measurement



Chapter 13   Changes in Financial Position

Chapter 14   Accounting Ratios and Financial Statement Analysis

Chapter 15   Emerging Tools for Performance Measurement



Part V: Contemporary Topics



Chapter 16   Portfolio Management

Chapter 17   Mergers and Acquisitions

Chapter 18   Corporate Governance

Appendix • Answers to Objective-Type Questions

Answers to Exercises • Index  

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