The new economic environment created in the country calls for versatile, strong and dynamic roles of financial executives to compete with MNCs and the Global Players. Efficiency and Creativity is the order of the day for ones survival. Learning is a continuous which update the knowledge of researchers, academicians and executives. With this object in mind, the book titled 'Financial Management' is throrughly revised. This book starts off with the basics and builds chapter by chapter, on topics previously covered. Although each chapter is an integral part of the entire book, each chapter can stand on its own. The illustrations in this book have been well thought out to stimulate real world situation. There are many notes, tips and techniques to help the reader understand the subject better. Few cases are also presented to the users of this book. A new chapter viz. International Financial Management, has been added. It covers the syllabus requirements of students pursuing M.Com., M.B.A., CA, ICWA, CAIIB and AICTE approved courses. Similarly, even those who have not had any exposure to commerce as a subject at the university level will find this book equally useful. Contents : PART I - Introduction 1. Financial Environment 2. Financial Information 3. Financial Function in Business 4. Financial Management 5. Financial Financing 6. Financial Forecasting 7. Financial Planning in Inflation 8. Financial Management of Sick Units-Problems and Approaches PART II - Financial Analysis 9. Funds Flow Statement and Cash Flow Analysis 10. Value Analysis 11. Ratio Analysis 12. Cost-Volume Profit (Break-Even) Analysis 13. Financial Analysis through Leverages 14. Profit Planning and Control (PPC) 15. Corporate Restructuring and Reorganisation 16. Corporate Tax Planning PART III - Source of Finance 17. Long-Term Financing 18. Short-Term Financing 19. Term Financing 20. Venture Capital 21. Capital Structure 22. Valuation of a Firm 23. Cost of Capital 24. Depreciation and Reserves 25. Money Market 26. Bill Market in India PART IV - Development of Funds 27. Capital Budgeting 28. Capital Budgeting Decisions in Risks and Uncertainties 29. Management of Working Capital 30. Bank Credit for Working Capital 31. Management of Trade Credit 32. Inventory Management 33. Receivable Management 34. Cash Management 35. Dividend Policy 36. International Financial Management

Accounting is not only the language of business but also its scorecard. It contains information about the performance, problems and prospects of an enterprise. Financial reporting and analysis is very important to a wide range of users such as investors, creditors, regulatory authorities, general public, etc. Business managers who have skills of financial analysis are able to diagnose their firms’ problems, suggest useful suggestions and anticipate the economic consequences of their actions. In order to understand financial reporting and analysis, we need a book, which can provide a comprehensive and updated discussion of the subject matter in a clear, concise and logical manner. The present text, Financial Reporting and Analysis, is an attempt to enrich students and other readers with adequate and latest knowledge about skills of financial analysis. The book is divided into five units and covers topics such as financial reporting, conceptual framework, basic financial statements; additional disclosure statements, assets, liabilities, revenues, expenses, gains, losses, financial statements analysis, ratio analysis, expanded analysis, accounting standards and convergence with IFRSs. Contents - Unit I : Introduction 1. Financial Reporting : An Overview 2. Conceptual Framework Unit II : Understanding Financial Statements 3. Understanding Financial Statements 4. Additional Disclosure Statements Unit III : Elements of Financial Statements 5. Inventory 6. Assets 7. Liabilities 8. Revenues, Expenses, Gains and Losses Unit IV : Analysis and Interpretation of Financial Statements 9. Financial Statement Analysis 10. Ratio Analysis 11. Expanded Analysis Unit V : Accounting Standards in India 12. Accounting Standards 13. Convergence with IFRSs

This book has been organised in the form of 27 chapters and 9 appendices giving tables such as logarithm tables, mortality tables, and etc. Financial services, particularly banking and insurance services is the prominent sector for the development of a nation. After the liberalisation of financial sector in India, the scope of getting career opportunities has been widened. It is heartening to note that various universities in India have introduced professional courses on banking and insurance. A new field of applied mathematics has come into prominence under the name of Financial Mathematics. Financial mathematics has attained much importance in the recent years because of the role played by mathematical concepts in decision − making on theoretical and practical problems of banking and insurance sector. The primary objective of writing this book is to provide an insight into the mathematical concepts essential for the students of commerce and management discipline. Even professionals form banking and insurance sector will find this book useful. This book has been brought out as a consequence of lectures given by the author to the management students of GGSIP University, Delhi. The author has taken into consideration the difficulty faced by the students, since there has been always lack of sufficient resources on this emerging field. This is book is unique in its comprehensive coverage of topics. Book Content of Financial Mathematics 1. Permutation and Combination 2. Logarithm 3. Simple Interest 4. Compound Interest 5. Nominal and Effective Rates of Interest 6. Equation of Value 7. Discount 8. Depreciation 9. Bills of Exchange 10. Immediate Annuity 11. Annuity Due 12. Deferred Annuity 13. Perpetuity and General Annuity 14. Amortisation of Loan 15. Sinking Fund 16. Leasing, Capital Expenditure and Bond 17. Theory of Probability 18. Construction of Mortality Table 19. A Complete Mortality Table 20. Probabilities on Survival and Death 21. Well-known Mortality Tables 22. Rate-making in Insurance 23. Determination of Net Single Premium 24. Determination of Net Level Premium 25. Determination of Premium for Annuity Plans 26. Determination of Gross Premium 27. Credibility Theory Appendices

It would be to state the obvious that this world has been built project-by- project. If you look up the balance sheet of any industrial and commercial business, a large chunk of money sits in gross block or gross fixed assets. Let's think of the Reliance Industries, India's largest private sector company. It's balance sheet, as of March, 2017, showed a gross block of Rs. 2,95,904 crore. Well, that is a stand-alone number. The consolidated number reads Rs. 3,56,401 crore. This is the money they have invested in fixed assets since its inception. Like Rome was not built in a day, companies, also, don't get built in a day, even months and years. The gross block is the cumulative total of money spent, project-by-project. Incidentally, if you take one more look at the balance sheet of Reliance Industries, as of March, 2017, you would notice that in addition to its (stand-alone) gross block of Rs. 2,95,904 crore, it had (stand-alone) capital work in progress of Rs. 1,34,189 crore. Well, that signifies projects currently in execution. You must be wondering, how does Reliance Industries go about formulating, financing and executing these projects? Do they finance from within or borrow from others? Who all are involved in this process? The best question of all would be: Why can't I do it? Why can't I be another Reliance? It is certainly not out of place here to say that Reliance Industries is not the company that invented project formulation, financing and execution. There had been many more, and even bigger, before them, doing the same thing. Yes, Dhirubhai Ambani, the founder of Reliance Industries, dared to ask the question: Why can't I do it? And he did it. All by himself? Certainly, not! Project formulation, financing and execution is a big team work. It has project promoter(s), lender(s), consultants, contractors and many more. We may further, note that projects are generally financed, as a good measure, with a combination of owned and borrowed funds. No doubt, project promoters, lenders and consultants are the key players in this domain, and this step-by-step guidebook has been prepared specifically keeping their needs in view. Contents - 1. Projects: Concepts, Types, Unique Challenges and Opportunities 2. Project Planning and Development 3. Project Organisation and Implementation 4. Project Appraisal by FIs/Banks 5. Credit Risk Rating of Projects 6. Sanction and Disbursement of Project Finance 7. Infrastructure Projects 8. International Projects 9. Project Derisking: Tax Incentives and Subsidies

In a fast-changing world, brimming with social and economic uncertainly, financial information plays a vital role in the life of an organization and does so with two sets of eyes. One set looks back to see what has happened. This is the accounting function, which is simple about the recording of events and the production of the financial reports that satisfy the stewardship responsibility of management. The other set looks forward to determine the most appropriate strategic direction for an organization, guiding managerial actions, Motivating behavior, and creating and supporting the cultural values necessary to achieve an organization’s strategic objectives. This book is all about the second set of eyes, which are the lenses of Financial Management that help organizations plot their way through an environment filled with opportunities and risks. These eyes do this by providing the ideas and models that help to identify the possible strategies capable of maximizing an organization’s value, which is the same as making the owners as wealthy as possible, to determine how to finance the organization in the moss proper way, to allocate the collected capital in the most effective way, to monitor the implementation of the chosen strategy to see whether it is meeting the planned objective, and be reasonably decide on the reinvestment and distribution of profit. Contents : 1. Nature and scope of Financial Management 2. Financial Planning 3. Capitalization 4. Cost of Capital 5. Capital Structure 6. Leverages & Ebit-eps Analysis 7. The Investment Decisions 8. Working Capital management 9. Cash Management 10. Receivables Management 11. Inventory Management 12. Money Market 13. Dividend Decisions 14. Analysis And Interpretation of Financial Statements 15. Funds Flow Statement 16. Cash Flow Statement 17. Ratio Analysis 18. Corporate Restructuring And Corporate Governance

Very few books on this subject from Indian Authors. Contains the entire Personal Financial Planning Cycle from birth to succession planning. Exhaustive Chapter on Personal Taxation. Separate Chapters for investment in Mutual Funds and Equity Investments. Things to look for while purchasing a House/Flat, Car (New/Used). Written in a very simple and lucid language. Each chapter begins with 'LEARNING OBJECTIVES' and ends with 'POINTS TO REMEMBER'. The book contains the entire Personal Financial Planning Cycle from birth to succession planning Many chapters have annexures giving the important formats. The book has chapters on Personal Taxation, Banking Products (Deposits and Advances), Life Insurance and General Insurance – important tips, investment in Mutual Funds and Equity Investments, things to look for while purchasing a House/Flat, Car (New/Used), etc. Contents - 1. Financial Planning 2. Investor Profiling 3. Personal Taxation 4. Banking Products 5. Regulatory Guidelines 6. Insurance – Life, Health and General 7. Investment in Mutual Fund 8. Investment in Equity Shares 9. Investment in Debt Market 10. Alternative Assets in Investment Portfolio 11. Purchase of Cars 12. Dynamics of Real Estate 13. Asset Allocation and Rebalancing 14. Retirement Planning 15. Estate Planning 16. Ethics in Personal Financial Planning 17. Strategies for Marketing of Financial Services Appendix Basic Mathematics and Use of Excel in Personal Financial Planning (Screenshots) Glossary of Personal Finance Terms

Working Capital Management is concerned with the problems that arise in attempting to discuss in details various tools and techniques which can be gainfully employed to solve the problems of determining optimum level of working capital. The text is divided into six chapters dealing with such aspects as Working Capital Management-Nature and Scope, Planning and Financing of Working Capital, Liquidity and its Test, Cash Management, Inventory Management and Management of Accounts Receivables. Key Features: - This book is a complete coverage of subject matters with latest financial information as per the requirement and expectations by the student community. - This book highlights the important techniques which are very useful for them management personnel in their decision making process. - It contains large number of solved and unsolved practical problems to make the subject simple and understandable. - The book is designed and presented in a lucid manner. Contents : 1. Working Capital Management-Nature and Scope 2. Planning and Financing of Working Capital 3. Liquidity and Its Test 4. Cash Management 5. Inventory Management 6. Management of Accounts Receivable Glossary of Terms

Critics who previewed this presentation before its going to press are of the Opinion that after going through the classic gem. One does not have to delve into any of its kind. Because, it offers all one needs to know both theoretically and practically about: (I) FINANCIAL INSTITUATIONS; (II) FINANCIAL MARKET; and (III) FIANCIAL SERVICE, besides the introductory very INDIAN FINANCIAL SYSTEM itself. It covers all the institutions that deal with public finance and recommends itself best to anyone scholar or practitioner in any capacity wanting to have masterly grip on the subject. Contents : Unit I Indian Financial System. Unit II Financial Institutions (A) R.B.I. (B) Commercial Banks (C) Insurance (D) UTI Unit III Financial Market (A) Money Market (B) Capital Market (C) Primary Market (D) Secondary Market Unit IV Financial Services (A) Mutual Funds (B) Credit Rating (C) Merchant Banking (D) Venture Capital

In the present revised edition, each chapter and each sub-topic is presented in a different manner to enable the students to catch-up with points easily. One more addition is that for every sub-topic, concepts and theme paragraph summary is provided. This facilitates the reader to retain and understand the terms easily. All the five chapters - namely financial system, commercial banks, financial institutions, regulatory institutions and banking innovations are restructured and presented lucidly and student - friendly manner. Book Content of Indian Financial System 1. Indian Financial System 2. Commercial Banks 3. Financial Institutions 4. Regulatory Institutions 5. Banking Innovations Skill Development Exercises

Microfinance has emerged as an independent branch of study, an industry, a development strategy and a revolution recently. The purpose of this book is to acquaint the MBA Finance students, Diploma for Microfinance Professionals and Diploma / Certificate Examination in Rural Credit students with the contents and latest developments in field of Microfinance. Though primarily meant to be a textbook on Microfinance for management students, the book promises to be of interest to management practitioners, administrators, executives as well in the banking, finance, micro credit and rural credit sector. The book has been written based on the syllabus from some universities where Microfinance is a subject in MBA or includes Microfinance as a Unit in Financial Management. Besides, the book covers the syllabus of Diploma Examination in Microfinance. The book covers latest topics on Financial Inclusion, Self Help Group, Financial Literacy, Financial Counselling, RSETIs, Women Empowerment, MUDRA and SETU. The Case Studies with suggestive answers in all the chapters and sub-chapters link theoretical concepts with the real world scenarios and make this book extremely student-friendly. At the end of each chapter, multiple choice questions with most appropriate answers, short answer type questions and descriptive questions have been given to enable the students to test their post-reading acquisition of knowledge. Each chapter contains precise chapter contents / objectives and brief introduction. The book is knowledge based, industry experienced based, teaching experienced based and research based. The volume of the text has intentionally being limited to suit the time, need and syllabus of the readers. The book will also prove to be useful for the officials of the Public and Private Sector Banks in general and the RRB and Cooperative Sector Banks in particular, who are according priority for expansion in rural areas and promoting microfinance. Contents - Unit I : Introduction to Microfinance 1. Microfinance - An Introduction 2. Demand and Supply of Microfinance 3. Microfinance - A Development Strategy and an Industry 4. Role of Grameen Banks in Microfinance 5. Microfinance Innovative Concepts, Approaches and Financial Inclusion Unit II : Financial and Operational Evaluation 6. Analyzing and Managing Financial Performance of MFIs 7. Analyzing and Managing Financial Statements of MFIs / RRBs 8. Financial Ratios, Capital Adequacy, IRAC and Provisioning Norms 9(A). Revenue Models of Microfinance 9(B). Role of Subsidies and Donors in Microfinance 9(C). Benchmarking and Rating of MFIs 10. Microfinance - Operational Evaluation 11. Business Planning - Impact Assessment - CVP Analysis 12. Cost Volume and Profit (CVP) Analysis - Microfinance Unit III : Other Evaluation of Microfinance 13. Market Evaluation of Microfinance - Products and Services 14. Pricing of Financial Services 15. Legal and Regulatory Compliance in Microfinance 16. Social Evaluation of Microfinance 17. Role of Ethics in Microfinance Unit IV : Microfinance in India 18. State Intervention in Rural Credit 19. Bank Linkup and Programme 20. Governance and the Constitution of the Board of Various Forms of MFIs in India 21. Intermediaries for Microfinance 22. Microfinance Delivery Models and Banks Linkages Programme Unit V : Issues, Trends and Frontiers of Microfinance 23. Emerging Issues in Microfinance 24. Gender Issues in Microfinance 25. Role of Technology in Microfinance 26. Micro Credit as Priority Sector Advance 27. Impact of Microfinance on Empowerment of Women Bibliography Model Test Paper