Description

Financial Management is very important in planning, organizing, directing and controlling the financial activities of the business, such as procurement and utilization of funds. It means applying general management principles to financial resources of the business. The main functions of Financial Management are estimation of capital requirements, determination of capital composition, choice of sources of funds, investment of funds, disposal of surplus, management of cash, financial control, etc. The book contains an Introduction, Study of Financial Statements, Fund Flow and Cash Flow, Fixed Capital Analysis, Capital Structure and Dividend Policy, Working Capital Analysis, Inventory Management, Cash Management Analysis and Foreign Exchange Orientation. The book provides text with illustrations, which will help students of the subject understand the management of the available financial sources of the business.