The book with a comprehensive coverage and scientific structure canted around the decision-making process was first published in 1997 with a view to familiarizing the learners with the latest concepts and theories relevant to financial decision and acquainting them with around skills and techniques necessary for the effective for the effective decision making.
While the primary objective of the book remain unchanged, the fourth edition has been thoroughly revised essentially not only to extensively update the entire chapters but also to provide global perspective to financial management. Thus, redeeming features of the present edition are:
– Extensively updating all the chapters by incorporating new financial theories, concepts and practices:
– Strengthening almost all the chapters by adding new problems and their solution and practice materials.
– Adding three new chapters in introduction section. Viz., Time Value of Money, Risk-return Perspective and Valuation of An Enterprise and its Securities.
– Adding a new section on Corporate Restructuring and Strategic Alliances, comprising three chapters, viz., Corporate Restructuring;
– Adding another new section on International Financial Management to focus on global dimensions of financial management. This section comprises the following eight chapter:
– Concept and Dimensions of International Financial Management
– International Financial Flows
– Management of Foreigh Exchange Market
– Regulation of Foreign Exchange Market
– Cost of Capital for MNCs
– Working Capital Management for MNCs
– Capital Budgeting for MNCs
– International Portfolio Investment
With is Immanent traits and thrust on global dimensions, the revised edition is expected to best suit the needs of practicing managers and students of management and commerce other sacral management programmes.
Contents –
Section 1 Introduction
1. Nature and Scope of Financial Management
2. Financial Information System
3. Time Value of Money
4. Risk – Return Parspective
5. Valuation of An Enterprise
Section 2 Tools of Financial Analysis
6. Financial Statements and Financial Analysis
7. Techniques of Financial Analysis
8. Ratio Analysis
9. Funds Flow Statement
10. Profit Planning
11. Financial Forecasting
Section 3 Investment Decisions
12. Capital Expenditure Decisions
13. Investment Decision Methods
14. Risk in Investment Decisions
15. Cost of Capital
16. Portfolio Management
Section 4 Working Capital Management
17. Working Capital Management – An Aggregate View
18. Management of Cash
19. Management of Inventory
20. Management of Receivables
Section 5 Financial Instruments
21. Equity Stock Financing
22. Preferred Financing
23. Debenture Financing
24. Warrants and Convertibles
25. Term Loans
26. Lease Financing
27. Venture Capital
28. Commercial Paper
29. Factoring
30. Trade Credit
31. Financial Derivatives
32. Securitization of Assets
Section 6 Long-term Financing Decision
33. Capital Structure Decisions
34. Financial Leverage
35. Determining Optimal Level of Debt
36. Capital Structure and Valuation of Enterprise
Section 7 Dividend Decision
37. Dividend Policy and Valuation of Enterprise
38. Dividend Policies and Decisions
Section 8 Corporate Restructuring and Strategic Alliances
39. Corporate Restructuring
40. Financial Restructuring
41. Strategic Alliances
Section 9 International Financial Management
42. Concept and Dimensions of International Financial Management
43. International Financial Flows
44. Management of Foreign Exchange Market
45. Regulation of Foreign Exchange Market
46. Cost of Capital For MNCs
47. Working Capital Management For MNCs
48. Capital Budgeting For MNCs
49. International Portfolio Investment
