Fundamentals of Financial Management - 3rd ED

The revised and enlarged third edition presents an integrated understanding of the concepts and techniques of Financial Management. Financial decisions are the essence of good management and satisfaction of the shareholders. A conflict of interests arises between shareholders debt holders and management. Understanding of concepts of financial management will help in managing the different kinds of interests towards better wealth management with the study of inter-related areas involving investment financing and dividend decisions. What investments should a company make? How should it pay for it? The secret of success is not only to do business by spending money or raising it but by increasing the value of the firm using its resources efficiently with maximum utility.This book has been specially prepared for students taking courses in management commerce and business studies chartered accountancy cost accountancy masters in finance and also for the corporate managers.The book has been divided into seven units with a new chapter on Sources of Finance. In the world of new business and combination of skills and networking to achieve success a special chapter on Mergers and Acquisitions has been included. The text has been completely revised and changed to suit the requirements of the management institutes.Contents :-Preface PART I : UNDERSTANDING FINANCIAL MANAGEMENT CONCEPTS 1. Basic Concepts of Financial Management 2. Time Value of Money 3. Valuation of Securities PART II : FINANCIAL ANALYSIS AND PLANNING 4. Statement of Changes in Financial Position 5. Financial Statements Analysis (Ratio Analysis) 6. Sources of Finance PART III : LONG TERM CAPITAL DECISIONS 7. Capital Budgeting 8. Risk Analysis in Capital Budgeting 9. Cost of Capital PART IV : FINANCIAL DECISIONS 10. Financing Decisions – Operating and Financing Leverage 11. Capital Structure Planning and Value of the Firm PART V : DIVIDEND DECISIONS 12. Dividend Decisions and Valuation of the Firm 13. Dividend Policy PART VI : MANAGEMENT OF CURRENT ASSETS 14. Working Capital Management 15. Cash Management 16. Receivable Management 17. Inventory Management PART VII : FINANCIAL RESTRUCTURING 18. Corporate RestructuringMergers / AcquisitionsAppendixGlossaryIndex.