Financial Management: Tools and Techniques - Softcover

With the liberalization of Indian economy, the Indian corporate world has found itself in an environment where it has to contest with the market forces, large corporations with significant brand equity and also follow different resource strategies and practices. India faces the task of not only integrating itself with the rest of the world, but more importantly, of understanding future global trends to work towards finding a place among the leading economies. Under such circumstances, investment and financing avenues have expanded considerably. Today, financial managers play a dynamic role in solving complex problems like shaping the fortunes of the enterprise, decisions regarding allocation of capital, raising of funds most economically and using them in the most efficient and effective manner. Because of this change in emphasis, the descriptive treatment of the subject of financial management is being replaced by growing analytical content and sound theoretical underpinnings. The subject now accords a far greater importance to management decision-making and policy. In this book, the author has endeavoured to provide a firm grounding in the principles, techniques and practice of financial management. For the convenience of the reader, the book has been divided into six parts: Introduction to Financial Management; Financial Analysis, Profit Planning and Control; Long-term Investment Decisions; Long-term Financing and Dividend Decisions; Working Capital Management; and, Miscellaneous Topics in Financial Management.