Due to globalisation and liberalisation processes initiated by the states all over the world, the international trade and financial activities have grown multifold resulting in rising level of all types of risks for market participants such as market risk, interest rate risk, foreign exchange risk, inflation risk and price risk. During the last few years, a number of new financial instruments have assumed significance in the Indian economy. With rapid globalisation, this trend is likely to accelerate in future. Derivatives are a kind of financial instruments whose values change in response to the change in specified interest rates, security prices, commodity prices, index of prices or rates, or similar variables. Typical examples of derivatives are futures and forward contracts, swaps and option contracts. This book shows how to quantify financial risks and manage them. For a firm, the ability to manage risk is a source of competitive advantage. In particular, firms that manage risks well are better able to take advantages of growth opportunities. Derivatives are the instrument of choice to manage financial risks, and it is therefore, critical for managers to understand how derivatives can be used to manage risks. Equity index futures, equity stock futures, equity index options and equity stock options are traded on some major stock exchanges. For instance, in case of equity index futures and equity index options, the National Stock Exchange of India Limited (NSE) and the Stock Exchange, Mumbai (BSE) have introduced trading in S&P CNX NIFTY index and BSE SENSEX, respectively. In the case of equity stock futures and equity stock options, NSE and BSE have introduced trading in certain securities specified by the Securities and Exchange Board of India (SEBI). This book deals with accounting treatment of equity index futures, equity stock futures, equity index options and equity stock options (hereinafter collectively referred to as ‘Equity Derivative Instruments’) from the viewpoint of the parties who enter into such contracts as buyers or sellers. Second part of this book deals with accounting for financial instruments. Accounting for financial instruments under IFRS is complex. Entities should take the time to understand the requirements, including the impact on systems, processes and documentation. This book provides an overview of revised IAS 39 and IFRS 7 and Ind AS 39 on financial instruments. This book contains practical approach to understand Futures and Options and explains how to apply the complex standards on financial instruments. The views expressed in this book are of author’s own. This book is useful for those who do business in Futures and Options and Stock Exchanges, and for Brokers. This book is also useful for practicing Chartered Accountants / Cost Accountants / Company Secretaries / Professionals / Research Institutions / Companies / Businessmen and C.A. Final Students. This book is also useful for teachers and students of finance, commerce, and management like MBA, PGDBM, M.Com, MFC, MBE and MFM. This book is also useful for derivatives practitioners like equity researchers, portfolio managers, financial executives, analysts, investors, policymakers and risk managers. Contents : Part - I : Derivatives 1. Derivatives Market in India 2. Commonly Used Derivatives 3. Options-An Introduction 4. Currency Options 5. Currency Swaps 6. Futures - An Introduction 7. Futures - Advanced Problems 8. Forward Contract 9. Nature of Equity Derivative Instruments 10. Commodity Derivatives 11. Financial Derivatives 12. Trading in Equity Derivative Instruments 13. Interest Rate Derivatives 14. Interest Rate Swap 15. Hedge of Foreign Exchange Risk 16. Manage Currency Risk by Derivatives 17. Practical Questions and Answers on Options, Financial Derivatives, Futures and Swaps 18. Accounting Aspects of Derivatives 19. Taxation Aspects of Derivatives Part - II : Financial Instruments 20. Financial Instruments (Ind AS 39, IAS 39 and AS 30) 21. Financial Instruments - Questions and Answers

The scope of Marketing Finance has enormously widened in the current scenario. The liberalization has brought new opportunities and threats to business and industry. Through the presence of foreign competitors, the businessmen and Industry have learnt the rules of the game of global business. The Central Government has brought new Companies Bill and other changes in the rules and regulations that govern the Indian Companies and their business methods. In today's worls where positive cash flow is more important than book profit, Marketing finance can also be defined as planning for the future of a business enterprise to ensure a positive cash flow. Some experts also refer to Marketing financeas the science of money management. Marketing finance comprises the forecating, planning, organizing, directing, co-ordinating and controlling of all activities relating to acquisition and application of the financial resources of an undertaking in keeping with its financial objective. The very elaborate definition given by phillippatus is 'Marketing finance is concerned with the managerial decisions that result in the acquisition and financing of short-term and long-term and long-term credits for the firm. 'As such it deals with the situations that require selection of specific assets, the selection of specific problem of size and growth of an enterprise. This book contains practical approach to marketing finance. The views expressed in this book are of author' own. This book is useful for MBA students, and it is also useful for Professionals / Research Institutions / Companies / businessmen / Management students.  Contents- 1. Introduction of Marketing Finance 2. Management of Sales Revenue 3. Sales Budget and Budgetary Control in Marketing 4. Inventory Mangement 5. Management of Payables and Capital Budgeting decisions 6. Management of Receivables 7. Disounted Cash Flow 8. Marketing Product Mix and Linear Programming 9. Pricing decision of Joint Product and By Product 10. Pricing of Turn Key Project 11. Distribution Cost and Transportation Decision 12. Market Value Added and Information for Decision 13. Target Pricing and Pricing Decisions 14. Brand Valuation 15. Inpact of Transfer Pricing

The objective of writing this book is to enable the reader to grasp without difficulty the salient features of the modern balance sheet. The importance of readily understanding the summarized statement of the affairs of public company, or of a private firm, will be denied by none. The man ofbusiness, who desires to estimate for himself the stability of his customers, the capitalist who proposes to enterinto a commercial partnership with an existing firm, the investor who has acquired, or thinks of acquiring, shares or debenttures in a trading corporation, and the accountant whose duty is to understand all that pertains to the accounts he controls, should be able to extract from a balance sheet the essential information he requires, or failing that, to frame such a series of searching questions as will result in laying bare the facts behind the figures. This book is useful primarily for large and increasing body of men and women who have adventured their capital in various listed companies and unlisted companies and who desire to find some basis other then mere guesswork whereby they may estimate the safety and value of their investments. This book may be of service to the numerous creditors of companies. With help of this book, a layman who does not know about accountancy and financial statements can understand the balance sheet. This book is not only useful for a layman but also useful for CA students, MBA students, CS students, ICWA Students, B.Com. Students and M.Com. Students, Professionals / Research Institutions / Companies / businessmen. This book is also useful for teachers and students of Finance, Commerce, and Management like MBA, PGDBM, MFC, MBE, MFM. Contents- 1. Balance Sheet, Profit & Loss Account and Cash Flow Statement - Introduction and Basic Information 2. How to Analyze Technical Terms in Balance Sheet? 3. How to the Balance Sheet Works? 4. How to Read Balance Sheet? 5. How to Read Profit and Loss Account? 6. How to Read and Interpret Cash Flow Statement? 7. How to Interpret a Financial Statement? 8. How to go About Analyzing a Company? 9. How to Understand Earnings Per Share (EPS)?

Bangalore University Commerce Department took the lead in introducing market driven courses to train the younger generation. Research inputs, skill oriented curricular at the degree level with wide range of specialization etc., were introduced. Sincere thanks to all those who have contributed to this Endeavour. As a witness to this development, in the V semester Advance Financial Management was introduced. This subject definitely accelerate the acquisition of knowledge to the students who aspire for making their career in finance or to work as professionals in the field of finance in the corporate sector. The book has been designed to assist the teachers and students community to cope up with the syllabi. Scope, the depth at which each chapter in to be dealt with etc., sufficient number of illustrations with exercises are presented to train the readers to get the familiarity with the concepts. Contents : 1. Investment Decision and Risk Analysis 2. Capital Structure 3. Dividend Policy 4. Working Capital Management 5. International Financial Management Skill Development

The area of working capital management is concerned with the management of current assets and current liabilities, with the dual objective of minimizing the risk of insolvency while maximizing return on assets. This way, working capital management influences both a firm`s risks and its expected returns. As such, it is an important determinant of a firm`s market value. Smart companies know that working capital management is a strategic tool that can fund research and development, acquisitions, share buybacks, and higher dividends. The present book defines what is meant by working capital, examines the issues involved, and outlines a number of different ways in which the components of working capital can be managed. The primary objective of this book is to develop a broad understanding of the short-term financial activities and decisions to provide thorough understanding in the fundamental tools of working capital analysis. This is a mistaken belief that the understanding of working capital management concepts requires the knowledge of high-level mathematics. Also, some students mistakenly believe that Working Capital Management is an area in which they do not need competency. In spite of this, every finance specialization in a college of business, and many majors in other finance courses, requires the knowledge of short-term financial management fundamentals. The purpose of this book is to enable the reader to understand the short-term financial decision-making and to interpret the impact of these decisions on firm`s performance. The purpose of Working Capital Management: A Conceptual Approach is to enable the reader to understand short-term financial decision-making process and to interpret the impact of these decisions on a firm`s performance. The book, therefore, deals with the major areas in Working Capital Management: Cash Management, Receivable Management, Inventory Management, Banking and Financing aspect. In order to make the book more accessible to non-finance readers the book includes the `Glossary of Financial Terms` in the last chapter in which most of the common financial technical terms are explained. Although the book is designed for specialized courses like MBA, MFC, M.Com., C.A., ICWAI, PGDBM etc. it can be used by all those professionals and students who are directly/indirectly related to finance discipline. Contents 1. Introduction to Financial Management 2. An Overview of Working Capital 3. Working Capital Financing 4. Cash Management 5. Cash Forecasting 6. Receivable Management 7. Advances in Receivable Management 8. Inventory Management 9. Financial Analysis 10. Glossary of Financial Terms

In the present business and economic scenario, Financial Management has gained the most important position. The survival and growth of the business organizations in today`s competitive business environment will depend upon a sound and efficient financial systems. The aspects, which focus on the strengths and weaknesses of an organization are; balanced capital structure, a sound debt and equity ratio, a strong net-worth and reserves and surplus, access to the best sources of finance including global, an optimum level of working capital and finally, a very prudent management and investment decision-making criterion. All these important aspects are the subject matters of this book supported with model assessment- tests at the end of each chapter. The coverage in the book begins with the financial management in general followed with advanced financial management, international financial management, management accounting and financial strategy and reporting. Efforts have been made to make this book as a most useful book, covering the latest syllabus of all the professional institutes of the Institute of Cost and Works Accountants of India, Institute of Charted Accountants of India, Institute of Company Secretaries of India, ICFAI, IGNOU and various other management institutes. This book would be equally useful to the working managers, teaching and training faculties. Contents : 1. An Overview 2. Nature and Scope of Financial Management 3. Planning Environment and Financial Management 4. Sources of Finance 5. Leverages, Capital Structure and Cost of Capital 6. Capital Budgeting 7. Working Capital Management 8. Financial Services 9. Advanced Financial Analysis and Planning 10. Financial Management in Public Sector 11. Contemporary Developments 12. International Finance and Risk Management 13. Management Accounting 14. Costing and Accounting System 15. Financial Strategy and Reporting

Investment Management is a useful insight to the world of investment. In India, the interest in investment has become alive after 1991 when globalization and liberalization was set in as a part the economic reforms in India. Science stock markets have many intermediaries and processes of purchase and sale of securities, it is important that the money of the investors is safe and also brings a return in addition to their normal income. Many universities have introduced investment management as a subject to provide an understanding of various channels and sources and options in the investment world. The Indian Market is dynamic and changes take place in investment opportunities. There are many options available but the investor has to take wise decisions to gain money. This revised edition of the book has explained the return on securities and how single and combination of securities provide returns. Investment management extends beyond the Indian boundaries as investments now in different countries. ADRs, GDRs., debt financing and loan syndication all extend to investment in different countries. This book has been written to provide information to students and teachers in India on various kinds of securities that are available. It also explains theories and practical aspects of investing in different countries. The book has been written in a very simple style to reach out to students. It explains the concepts with the illustrations and examples. It has explanations and gives the latest developments in Indian Stock Markets. It also gives the function and guidelines of Securities Exchange Board of India which is the market regulator. The following are some of its salient features: - It explains the concepts of investment, speculation and gambling. - It gives the process of investment and the importance of review and change of the various securities owned by an investor if they are not profitable. - It is an insight into the risks and return on an investment and on the combination of more than one security. - It discusses the complementary nature of the new issue market and stock market. - It explains the role and responsibilities and mechanics of trading in a stock market. - It illustrates valuations of equity shares and bonds. - It has given the basic explanation of derivatives with examples of futures and options. - The theories of Fundamental analysis, Technician Market are discussed in detail. - The importance of CAPM Model for pricing of securities has been explained. - The portfolio management techniques, selection and diversification through Markowitz and Sharpe's Models and Arbitrage Pricing Theory are given. - The differences between Capital Market Line and Security Market Line are provided. - Comparison between managed mutual funds and other investment has been explained. Contents : 1. Investment Management – An Introduction 2. Indian Securities Market 3. Securities Exchange Board of India 4. Risk 5. Returns 6. The Investment Alternatives (Bonds, Preference Shares and Equity Shares and Derivatives) 7. Derivatives 8. Security Valuation 9. Alternative Forms of Investment 10. Dividend Policies and the Investor 11. Investor and Interest Rates 12. Fundamental Analysis 13. Technical Analysis 14. Efficient Market Theory 15. Portfolio Analysis 16. Portfolio Selection and International Diversification 17. Techniques of Portfolio Revision 18. Performances Measurements of Managed Portfolios (Mutual Funds) Glossary Appendices

This book on `Portfolio Management` has been written as in introduction to the world of investments. In India many changes have come about in the stock markets as well as among the people who are interested in trading in securities. Individuals who are both naive investors as well as experienced people and students have started taking an interest in making investments. Some investors were trading for quick money while others were planning their investments by calculating risk and return features taking a long time horizon. The book provides insights to the relationship of risk and return and how risk should be measured to bring about a return according to the expectation of the investor. It gives details of the functioning of the financial markets, the relationship between the new issue market and stock exchange and a basic idea of how to manage a portfolio through careful risk and return analysis. This book has been specially designed to sensitize those readers/investors as well as students of management, commerce, accounting and finance who would like an exposure to the investment environment in India. It is a simple, student-friendly book with many examples, solved illustrations, objective type questions, important points, concepts and latest developments in Indian stock markets. Since Investment Management has now been developed as a course in undergraduate and postgraduate courses it has been written to suit the requirement of the new syllabus of many universities in India. The book has thirteen chapters and has been divided into eight chapters. - Chapter One discusses the Investment Environment. These are Introduction to Security Analysis and Portfolio Management. - Chapters 2, 3, 4 and 5 discuss Financial System, Stock Exchange in India, Risk and Return, Investment Alternatives and choice of different securities; valuation methods have also been explained. - Chapter 7 covers basic Portfolio management, theories of Markowitz and Sharpe and capital market theory. It also discusses mutual funds. - Chapter 8 discusses the features of capital markets, functioning of new issue market and the role of Securities Exchange Board of India (SEBI) as a regulator as well as its role in investor awareness education and protection. Contents : 1. Portfolio Management an Introduction 2. Investment Altenatives 3. Investment Decision Making 4. Mathematics of Finance 5. Alternative Forms of Investment 6. Mechanics of Stock Trading 7. Portfolio Analysis and Management 8. Capital Market and Role of SEBI Glossary

This book on Security Analysis and Portfolio Managementhas been written as an introduction to the world of investments. Many changes have place in the investment world. This book has incorporated the developments and has provided as insight into investments with many illustrations and problems. It given the investor choices of different of investments. It explains the importance of risk and return in making investments. It is a students-friendly book. It explains the concepts with many examples. It provides the latest development in Indian Stock markets. Security Analysis and Portfolio Management has been written to suit requirements of the students of Jawahar Lal Nehru Technical University (JNTU). This book provides an understanding of development in investment in India. The following are some of its important features: It describes the investment environment in India. It discusses how the primary and Secondary markets function. It explains the mechanics of trading in a stock market. It provides an insight into valuation of equity shares and bonds. Fundamental Analysis, Technical Analysis and Efficient Market Theory are discussed in detail. The portfolio management techniques of portfolio selection have been explained and theories such as portfolio theory, single index model and capital asset pricing models have been discussed. The difference between Capital market Line and Security market Line are explained. It gives the basic explanation of derivatives like future and options. It provides an explanation on managed mutual funds and other investments. Book Content of Security Analysis and Portfolio Management Unit-I: Investments 1. Investment Environment 2. Financial Markets and Instruments 3. Securities Markets Unit-II: Portfolio Theory and Capital Market Theory 4. Risk and Return 5. Portfolio Theories Unit-III: Fixed Income Securities (Bonds) 6. Bond Analysis, Valuation and Strategies Unit-IV: Fundamentals and Technical Analysis 7. Equity Analysis, Valuation and Management 8. Security Analysis-Industry and Company Analysis 9. Technical Analysis 10. Efficient Market Theory Unit-V: Derivatives and Mutual Funds 11. Derivatives 12. Portfolio Management of Mutual Funds Appendix

The topic in the text are covered from the perspective of a person who wishes to learn about the financial management of an internationally oriented business. However, it is important that managers also understand international financial level development on an overall macroeconomic level. Such an understanding enables managers to anticipate economic changes and adjust to what they expect to occur. Of late the international financial developments that are happening are nothing short of spectacular. For example, new markets and instruments are emerging at frantic pace as a response to exchange rates that at times been so volatile they have grabbed the headlines in the financial news. Great fortunes have been made and lost In foreign exchange. An introduction to the structure of the markets and the form in which currencies are exchanged is essential background to the study of international financial management. And is covered in Chapter 1. Chapter 2, begins by describing why the balance of payment account can be considered as a listing of the reasons a currency is being supplied and demanded. The chapter explains that all positive or credit items listed in the account give rise to a demand for the country’s currency and all negative or debit items give rise to a supply of the currency. After explaining the basic principle of balance of payment accounting each major entry in the account is examined to provide an understanding of what factors can make each entry increase or decrease and thereby change the exchange rate. The chapter also discusses and the discusses India's balance is payments on current account and on capital account. Chapter 3 deals with the history of the international financial system that eventually brought about the collapse of each. Chapter 4 explain the nature of bank-note market and the bank-draft market, the former involving the paper currency and the latter involving cheques. The chapter allows the option of choosing direct or indirect exchange between currencies and to comput all exchange rates from exchange rates via US dollar route. The forward market plays an important role in the avoidance of foreign exchange risk (hedging) and the selective risk taking (speculating). Chapter 5 discusses about currency derivatives which as their name suggests. Derive their value from underlying values of currencies, the two derivatives are currency futures and currency option. Currency futures are similar to forward exchange contracts that help fix exchange rate for future transactions. However, currency futures trade of formal exchange, have only limited number of value dates, come in particular contact size and can be sold back to the exchange. Different types of currency option allows byres prescribed, along with the factors which affect market prices, or premiums, on option The advantage of using option versus futures and forwards when hedging and speculating are also covered in the Chapter. The chapter also discusses Swap market in India. Chapter 6 begins with a discussion of the criterion for making short-term covered instruments when there are costs of transacting in the foregone markets since short-term investments are an important aspect of cash management, the chapter looks also at short-term borrowing decisions and a number of other aspects of the management of working capital in a multinational context. The chapter also deals with procedure for issue of GDR/ADRs in Indian context. Chapter 7 begins by explaining the law of one price as it applies to an individual commodity such as gold or wheat. In this context. The law of one price states that the dollar cost of each commodity should be equal everywhere. It also explains the extension of the law of one price from an individual commodity to goods and service in general. The extension gives rise to the PPP principle, which states that the ratio of bundle of goods and services in United Services to the pound price of the same bundle in Britain should be the exchange rate of the dollar for the differences between inflation rates. This condition is explained in this chapter along with the way the foreign exchange market can be used to eliminate exchange rate risk and exposure when engaging in interest arbitrage. Chapter 8 takes us directly to the International Portfolio Management and Foreign exchange exposure. It also explains foreign exchange risk; a matter which is often confused with exposure Exchange rate risk is shown to relate to the variability of the domestic-currency value of assets, liabilities and income, whereas exposure is the amount at risk. This makes risk and exposure conceptually and even dimensionally different. The chapter also deals with accounting and real exposure, the effect of exchange rates on sales and exposure and is contrasted and compared using the building blocks of pay-off profiles. Chapter 9 looks at the structure, and insternational trade. No course on international finance is complete without an explanation of the nature and role of letter of credit, bill of exchange, payment drafts, bolls of lading, way bills and other document. Several forms of export financing are explained, including sort-term credit involving delayed payment dates on bills of exchange and medium-term credit involving forfaiting. Chapter 10 is on Regulatory Framework of International Finance and contains historical perspective of Export-Import policy, objective of the EXIM Policy 2009-14, trade regulations governing exports and imports. Chapter 11, deals with financial management of multinational firm, starts with capital budgeting framework that management can employ when deciding whether or not to make foreign direct investment. There extra problems include the presence of exchange-rate and currency risks, the need to consider taxes abroad as well as at home, the issue of which country’s cost of capital to use as a discount rate, the problem posed by restrictions on repatriating income and the frequent need to account for subsidized financing. The chapter also deals with advantages of Centralized Cash Management System and other practical issues in Cash Management. The chapter also offers a general review of taxation in the international context topics as value added tax, tax reducing organization structures and withholding tax. The chapter concludes by reference to the Control Strategies. Chapter 12 focuses on International Acquisitions with reference to MNCs use of international acquisition as a form of multinational restructuring and how MNCs conduct valuation of design of foreign target firms? Chapter 13 deals with the mechanics of interest rate swaps and the volatility of interest rate swaps and currency swaps. The concluding Chapter 14 discusses on Interest rates. Markets deal with Fundamental issues concerned with the way interest rate are measured and analyses; the way interest rates are measured and analyzed; the zero rates, par yield and yield curves, discuss bond pricing and outline a procedure commonly used by a derivatives trading deal to calculate zero coupon treasury interest rates, the forward rates and forward rate agreements and review different theories of the term structure of interest rates etc. Contents : 1. Introduction to International Financial Management 2. International Flow of funds and Balance of Payments 3. International Monetary System 4. Foreign Exchange Market 5. Currency Futures and option Markets 6. The International Financial Markets and Cash Management 7. Economic Theories of Exchange Rate and The Purchasing Power Principle 8. International Portfolio Management With Exposure Management 9. International Trade Finance 10. Regulatory Framework of International Finance 11. Financial Management of Multinational Firm 12. International Acquisitions 13. Interest Rate swaps and currency Swaps 14. Interest Rate Markets