Financial Management is so crucial for any organization––public or private sector––as profit maximization and increasing the shareholder value depend, to a large measure, on efficient and effective financial management of the company or firm. With this end in view, Professor Bhabatosh Banerjee, drawing from his expertise and his rich and long years of experience, gives a masterly analysis of the fundamental principles of financial management along with their applications.
While retaining the distinguishing features of the previous edition, the book is now a much more comprehensive one on Financial Management. Significant changes have been incorporated into the chapters relating to cost of capital, analysis of leverages, capital structure theories and planning, capital budgeting decision, working capital management, changes in financial position, accounting ratios and financial statement analysis, mergers and acquisitions and corporate governance for further value addition of the book.
The book is logically organized into five parts—Part I: Basic Concepts, Part II: Financial and Dividend Decisions, Part III: Investing in Long-term and Short-term Assets, Part IV: Performance Analysis and Measurement, Part V: Contemporary Topics—to enable the students to understand the concepts, with suitable cases, chronologically and more effortlessly.
This book is primarily intended as a text for the students of commerce and management courses. It will also be highly useful for those appearing in CA and ICWAI examinations. In addition, the text will benefit practising finance and accounting professionals, corporate managers, and participants in management development programs.
KEY FEATURES
• Includes numerous illustrations, worked-out problems and exercises covering recent questions in university and professional examinations.
• Gives corporate practices in professional management, wherever found necessary. This will enable the students to acquaint themselves with real-life situations.
• Provides Case Studies in a few complex chapters to enhance the analytical and presentation skills of the students in a classroom setting.
BHABATOSH BANERJEE, M.Com., Ph.D., FCMA, is former Professor of Commerce, and Dean of Commerce, Social Welfare and Business Management, University of Calcutta. He has 42 years’ experience of teaching and research at the postgraduate level including two years in the USA (1995–1997) as a Visiting Professor of Accountancy in Rutgers University, New Brunswick, N.J., New Jersey Institute of Technology, and DePaul University, Chicago, USA. Also, he has been a Guest Faculty at the Indian Institute of Management (IIM) Calcutta during 2009–2014. Earlier, Dr. Banerjee worked as a Director of Research (1984–1985) at the Institute of Cost Accountants of India.
Recipient of International Educator Award (2006) from Indian Accounting Association (IAA), International Dedicated Service Award (2011) from IAAER, Eminent Teacher Award (2013) from Calcutta University, Outstanding Researcher Award (2018) from IAA Research Foundation, Dr. Banerjee attended 42 International Conferences abroad and offered seminar to 35 foreign universities. Apart from publishing over 100 articles in several reputed journals in India and abroad, he has also published several research books (including two UGC major research projects) on education and accounting, which brought international appreciation. He is also the author of several textbooks, viz. Cost Accounting (14th ed.), Financial Policy and Management Accounting (9th ed.) and Fundamentals of Financial Management (2nd ed.). Cost Accounting has been in circulation since 1972.
