This well-received book, now in its ninth edition, provides a comprehensive analysis of the fundamental concepts of financial management and management accounting. The elegantly combined presentation of the various aspects of financial management and management accounting is a highlight of this text.
Focusing on the core areas of financial management—basic concepts of finance, sources of finance, capital structure theories and planning, dividend policies, investment decisions, portfolio management and working capital management—as well as the areas of management accounting—changes in financial position, financial statement analysis and inter-firm comparison, budgetary control and standard costing, and cost information and management decisions—the book also delves on the contemporary topics, such as, financial environment, corporate governance and international financial management, in detail. In addition, it contains a number of case studies on various areas of finance and management accounting.
The current edition has been thoroughly revised keeping in view contemporary developments in the literature and applicable provisions of the Companies Act, 2013. Apart from updating the case studies, new cases have been added to support the relevance and quality of discussion.
Intended primarily for postgraduate students of commerce (M.Com) and management (MBA with finance specialization), the book will also be highly useful for undergraduate students of Commerce and Management, students of professional courses, such as, CA and ICWA, as well as professionals in the fields of financial management and management accounting.
The present treatise has been recommended by many Colleges, Management Institutes and Universities in India for their respective postgraduate and undergraduate commerce and management courses.
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.
