Financial Management (for BBA, B.Com., MBA and M.Com, C.A., ICWA)

Management education in our country has recently experienced a sea-change in its curriculum, wherein electives in finance and marketing have been enlarged. In fact, finance has assumed greater significance for all those pursuing a management course or its allied. It is now well established fact that the success of any business concern depends inter-alia upon the efficiency with which funds are being managed. As such, management students must have an opportunity to gain effective knowledge of various aspects of finance i.e., procurement and utilisation of funds in an optimal way. That is why there is a separate paper/subject of `Financial Management’ almost in every curriculum of BBA/MBA programmes run by University Departments or B Schools. Few Universities and Professional Institutes like ICAI, ICWA, etc. have also included Financial Management in the curriculum of M.Com., C.A., ICWA, etc. As a teacher of Accounting and Finance, I have gathered from the students interaction that there is a need of a text which must provide a comprehensive understanding of principles, problems, techniques of financial management, i.e., of financing, investment and dividend decisions. It is this need which prompted me to write a text in a very simple style in a native context. The result is before the readers. Some pedagogical features of the the book are :

1. Comprehensive presentation of the concepts and relevant theories;
2. Illustrative problems for better understanding of the principles and techniques;
3. Use of charts and figures to bring more clarity;
4. Exercises and problems to help the students in better learning and understanding.

The book is primarily intended to meet the needs of BBA, B.Com., MBA and M.Com. students of Management Institutes and Indian Universities. However, students preparing for C.A., I.C.W.A., C.F.A. or any other professional examinations may also find this book useful to them.

The author expresses his gratefulness to all those subject experts/authors whose writings and thoughts have helped him in preparing the manuscripts for this book.