Financial Management, 12TH edition is an honest and brave attempt at combining theory with practical applications. It begins with the discussion of fundamental concepts of value and return, risk and return relationship and valuation of shares and bonds. With this, readers can easily understand the theories and methods, decision criteria, and financial policies and strategies necessary to manage funds and create and enhance the value of the firm.
Today, financial managers are responsible for shaping the fortunes of the enterprise and are involved in the most vital management decision of allocation of capital. 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. This is exactly the kind of approach that has been adopted in this book. ● Excel applications: Proficiency with spreadsheets and Excel is a great advantage to financial analysts and managers and a necessity for all the postgraduate students of management, commerce, and accounting courses.
● Illustrative problems: Finance decisions involve solving problems using theoretical concepts. The book contains solved illustrations showing readers how concepts could be used to solve problems and take decisions.
● Real-life examples: The book contains many real-life cases and examples to illustrate the practical applications of finance theories and concepts.
● Key concepts: For the benefit of readers, the key concepts of each chapter have been listed at the end of the chapter.
Practical project: Most chapters have a 'Practical Project' each where students are helped to apply their knowledge to real company situations.Part 1: Valuation and Return
Chapter 1 Nature of Financial Management
Chapter 2 Time Value of Money
Chapter 3 Valuation of Bonds and Shares
Chapter 4 Risk and Return of a single asset
Chapter 5 Portfolio Theory and Assets Pricing Models
Chapter 6 Beta Estimation and the Cost of Equity
Chapter 7 Options and Their Valuation
Part 2: Investment Decisions
Chapter 8 Capital Budgeting Decisions
Chapter 9 The Cost of Capital
Chapter 10 Cash Flows for Investment Analysis
Chapter 11 Complex Investment Decisions
Chapter 12 Risk Analysis in Capital Budgeting
Chapter 13 Real Options, Investment Strategy and Process
Part 3: Financing and Dividen decisions
Chapter 14 Financial and Operating Leverage
Chapter 15 Capital Structure: Theory and Policy
Chapter 16 Valuation and Financing
Chapter 17 Dividend Theory
Chapter 18 Dividend Policy
Part 4: Long-Term Financing
Chapter 19 Capital Market Efficiency and Capital Markets in India
Chapter 20 Long-term Finance: Shares, Debentures and Term Loans
Chapter 21 Convertible Debentures and Warrants
Chapter 22 Asset-based Financing: Lease, Hire Purchase and Project Financing
Chapter 23 Venture Capital Financing
Part 5: Financial Analysis and Planning
Chapter 24 Financial Statements
Chapter 25 Financial Statement Analysis
Chapter 26 Financial Planning and Strategy
Part 6: Working Capital Management
Chapter 27 Principles of Working Capital Management
Chapter 28 Credit Management
Chapter 29 Inventory Management
Chapter 30 Cash Management
Chapter 31 Working Capital Finance
Part 7: Value and Risk management
Chapter 32 Corporate Restructuring, Mergers and Acquisitions
Chapter 33 Derivatives for Managing Financial Risk
Chapter 34 International Financial Management
Chapter 35 Shareholder Value and Corporate GovernanceI M Pandey - Distinguished Adjunct Professor, Asian Institute of Technology (AIT), Thailand
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