Description
Taxmann Basic Financial Management 3rd Edition 2021 by Vanita Tripathi
Basic Financial Management is a comprehensive, authentic & well-illustrated book.This book aims to fulfil the requirement of students of undergraduate courses in commerce and management, particularly the B.Com. under the CBCS Programme, Non-Collegiate Women’s Education Board (NCWEB), and School of Open Learning (University of Delhi). This book will also be applicable for undergraduate commerce & management courses at various Central Universities throughout India.The Present Publication is the 3rd Edition, authored by Prof. (Dr.) Vanita Tripathi, with the following noteworthy features:[Elementary but Comprehensive Understanding of Concepts] and techniques related to financial management and financial decision making[Examples & Illustrations] have been incorporated throughout this book to make the understanding of the concepts easy[Student-Oriented Book] This book has been developed, keeping in mind the following factors:Interaction of the author/teacher with their students in the classroomShaped by the author/teachers experience of teaching the subject-matter at different levels for about 17+ yearsReaction and responses of students have also been incorporated at different places in the book[Solved Previous Exam Question Papers] are covered at the end of the book for the last few years. This will help the students to have a clear idea of the questions usually askedThe structure of this book is as follows:[Learning Outcomes] Every chapter begins with a list of learning outcomes that the reader will achieve after completing the chapter. It sets the broad framework for the chapter[Main Text] Various concepts and techniques have been explained in a lucid and well-knit manner. Wherever required, the explanation is supplemented by suitable illustrations and examples[170+ Solved Problems] Each chapter provides a sufficient number of solved problems for better understanding and application of the concepts explained in the main text[Summary] Each chapter provides a sufficient number of solved problems for better understanding and application of the concepts explained in the main text[Test Yourself] Each chapter provides sufficient number of solved problems for better understanding and application of the concepts explained in the main text[Excel Applications in Financial Management] The book also contains excel applications in financial management in relevant chapters using a spreadsheetThe contents of the book are as follows:[Financial Management & Time Value of Money] The first unit deals with the overview of financial management and the concept of time value of money. It comprises of two chapters:Chapter 1 explains the evolution, nature, scope and objectives of financial managementChapter 2 explains the concept and techniques of time value of money[Capital Budgeting] The second unit provides a detailed discussion on capital budgeting and the cost of capital. It comprises of three chapters:Chapter 3 explains the importance of capital budgeting decisions and estimation of cash flows,Chapter 4 discusses elementary techniques of evaluating capital projects, andChapter 5 presents the concept and calculation of the cost of capital[Financial Leverage & Capital Structure] The third unit comprehensively explains leverage analysis and financing decisions in a firm, popularly known as capital structure decision. It has two chapters:Chapter 6 presents the concept and calculation of various types of leverages, andChapter 7 provides theories of capital structure and factors affecting capital structure choice in an organisation[Dividend Decision] The fourth unit comprehensively discusses dividend decisions. Theories of dividend and dividend policies form the core part of this chapter. Students are also explained the importance of a stable dividend policy and various factors affecting dividend decisions in an organisation[Working Capital Management] The last unit deals with working capital management, which spans over four chapters:Chapter 9 provides an overview of working capital and explains estimation of the net working capital requirement in a firm, andChapters 10, 11 and 12 explain cash management, receivables management and Inventory management, respective