Financial management is the activity which is concerned with the acquisition and administration of capital funds in meeting the financial needs and overall objective of business enterprises. The financial need is fulfilled by appropriate finance. Thus, finance is treated as a life blood of business.
The subject-matter of financial management is changing at a rapid pace and it has acquired a critical significance due to increasing business and development of national and international economic activities. In the present book, more important techniques of financial management such as working capital management, leverage analysis, capital budgeting, ratio analysis and cost of capital, etc. have been explained after a detailed discussion of concepts and techniques of subject-matter. All these techniques have been explained in a simple and lucid language along with charts, tables and figures. |
