Financial Management: Theory and Practice

Prasanna Chandra

Physical

In Circulation

Financial Management: Theory and Practice celebrates the 23rd Anniversary of its publication. Over these two decades, Indian business and finance have considerably changed owing to deregulation, liberalisation, privatisation, globalisation, and the ascendance of the services sector. The book has kept pace with these changes and captures the central themes and concerns of corporate financial management-making it both contemporary and comprehensive.

The book seeks to: • Build understanding of the central ideas and theories of modern finance

• Develop familiarity with the analytical techniques helpful in financial decision making

• Furnish institutional material relevant for understanding the environment in which financial decisions are taken

• Discuss the practice of financial management. Notable changes in this edition include:

• Two new chapters-`Risk and Return: Portfolio Theory and Asset Pricing? and `The State of Our Knowledge?.

• Ten new sections/appendices

• Twelve mini cases • Integrally woven numerous spreadsheet models

• Number of boxes capturing insights and contemporary practices.

What will you learn from this book

  1. Time Value of Money: Understanding the concept of time value of money, including present value, future value, and discounting, which is fundamental in financial decision-making.

  2. Capital Budgeting: Exploring various capital budgeting techniques such as NPV (Net Present Value), IRR (Internal Rate of Return), and payback period used in investment appraisal.

  3. Cost of Capital: Understanding the cost of various sources of capital and its application in capital structure decisions and investment evaluation.

  4. Risk and Return: Exploring the relationship between risk and return, including the Capital Asset Pricing Model (CAPM) and risk management strategies.

  5. Financial Analysis and Reporting: Learning how to analyze financial statements, ratios, and financial performance indicators for decision-making and reporting purposes.

  6. Working Capital Management: Understanding strategies to manage short-term assets and liabilities efficiently to ensure smooth operational functioning.

  7. Dividend Policy: Exploring various theories and factors that influence dividend decisions and their impact on shareholder wealth.

  8. Financial Markets and Instruments: Understanding different financial markets, instruments, and their role in raising capital, trading, and risk management.

  9. Corporate Finance: Examining financial decisions and strategies related to capital structure, mergers, acquisitions, and corporate restructuring.

  10. Financial Planning: Understanding the process of financial planning, budgeting, and forecasting used in both personal and corporate financial management.

Language English
ISBN-10 9780070656659
ISBN-13 9780070656659
No of pages 1124
Font Size Medium
Book Publisher Tata Mcgraw-Hill
Published Date 01 Nov 2007

About Author

Author : Prasanna Chandra

2 Books

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