Finance is the study of how individuals, institutions, governments, and businesses acquire, spend, and manage their money and other financial assets to maximize their value or wealth. Fundamentals of Finance introduces the nuances of finance in a comprehensive yet concise manner and is essential reading for professionals building a career in finance or for students taking a course in finance. The book consists of four parts: Part I: "Introduction to Finance, Money and Interest Rates, and Time Value of Money" focuses on the role financial markets play in the financial system and financial basics that underlie how markets operate. Part II: "Investments and Portfolio Management" discusses the characteristics of stocks and bonds, how securities are valued, the operations of securities markets, formation of optimal portfolios, and derivatives. Part III: "Financial Management/Corporate Finance" explores financial planning, asset management, and fund-raising activities that will enhance a firm’s value. Part IV: "Management of Financial Institutions" focuses on management of financial institutions in general, and risk management in financial institutions in particular. The book’s many examples, appendices, graphs and tables provide valuable know-how to a wide audience, making it an excellent resource for professionals as well as students who wish to attain a broad understanding of finance. Please contact Stefan.Giesen@degruyter.com to request additional instructional material.

This fourth revised and updated edition gives a practical overview of contemporary finance from a New Zealand perspective. It helps students understand: how the financial system and the institutions within it operate; how and why financial decisions are made; the tools, techniques and concepts used in finance, and how they are applied to the major sectors of finance; and how individuals plan their short- and long-term financial activities; how business organisations manage and finance their short- and long-term financial activities. Broad in scope, Fundamentals of Finance explains the important financial decisions made by businesses and individuals, and how these decisions are influenced by the financial environment in which we live and work. It provides an introduction to finance that assists students to make their own financial decisions. Helpful features include: examples, self-test questions (with solutions!), learning objectives, a glossary of terms and useful formulae.

In the newly revised Second Edition of Fundamentals of Financial Instruments: An Introduction to Stocks, Bonds, Foreign Exchange, and Derivatives, renowned finance trainer Sunil Parameswaran delivers a comprehensive introduction to the full range of financial products commonly offered in the financial markets. Using clear, worked examples of everything from basic equity and debt securities to complex instruments—like derivatives and mortgage-backed securities – the author outlines the structure and dynamics of the free-market system and explores the environment in which financial instruments are traded. This one-of-a-kind book also includes: New discussions on interest rate derivatives, bonds with embedded options, mutual funds, ETFs, pension plans, financial macroeconomics, orders and exchanges, and Excel functions for finance Supplementary materials to enhance the reader’s ability to apply the material contained within A foundational exploration of interest rates and the time value of money Fundamentals of Financial Instruments is the ideal resource for business school students at the undergraduate and graduate levels, as well as anyone studying financial management or the financial markets. It also belongs on the bookshelves of executive education students and finance professionals seeking a refresher on the fundamentals of their industry.

The subject of financial management is gaining importance in the context of today's business environment. This book attempts to provide a clear understanding of the fundamentals of the subject, including the concepts, theories, models, tools and techniques, and their applications. Its focus on logical discussion, where it is needed for contextual understanding of the topic, makes the book different from others. Fundamentals of Financial Management is a useful resource for undergraduate students of management and commerce, as well as for practising managers. Key Features • Logical progression of text, from fundamentals and concepts to theories, techniques, and their applications. • Discussion of various tools and their applications in decision making in the context of the situation. • Explanation of various functions of Excel spreadsheet for different applications. • Pedagogical elements to help in better learning—objective questions, worked out examples, as well as unsolved problems.

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.

Fundamentals of Financial Management by Sharan, Vyuptakesh.

This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.Part I is concerned with Decision Making Under Uncertainty. This includes subsections on Arbitrage, Utility Theory, Risk Aversion and Static Portfolio Theory, and Stochastic Dominance. Part II is concerned with Dynamic Modeling that is the transition for static decision making to multiperiod decision making. The analysis starts with Risk Measures and then discusses Dynamic Portfolio Theory, Tactical Asset Allocation and Asset-Liability Management Using Utility and Goal Based Consumption-Investment Decision Models.A comprehensive set of problems both computational and review and mind expanding with many unsolved problems are in an accompanying problems book. The handbook plus the book of problems form a very strong set of materials for PhD and Masters courses both as the main or as supplementary text in finance theory, financial decision making and portfolio theory. For researchers, it is a valuable resource being an up to date treatment of topics in the classic books on these topics by Johnathan Ingersoll in 1988, and William Ziemba and Raymond Vickson in 1975 (updated 2 nd edition published in 2006).

This new edition, expanded with the addition of four new chapters, continues to help students develop an essential understanding of how financial management plays a positive role in strategic management of organisations. The book is designed for a foundation course in financial management for postgraduate students of business management (MBA), commerce, engineering and technology. It focuses on the basic concepts underlying the theory of financial management and also real-world practice in areas of investment, financing and asset management. Each financial function is discussed in a lucid and concise manner to help students improve their basic skills in financial management. The aim of the book is to enable the readers to gain insight into the financial decision-making processes. The book introduces the readers to the three major decision-making areas in financial management: break-even analysis, decisions involving alternative choices, and variance analysis. Key Features: A systematic presentation of the subject matter, supported with a number of illustrations and diagrams The topics of ratio analysis and cash flow analysis have been thoroughly revised and enlarged in accordance with the Accounting Standards (AS) issued by the ICAI Theoretical discussions are supplemented with suitable case studies Examination problems are given at the end of each chapter The chapter New Horizons in Budgeting explains the latest trends in budgeting.

This book offers an authoritative and clear presentation of financial management's essential concepts, procedures, and practices. It is designed to cover the fundamental principles, making it accessible to a broad range of students. The focus is on financial decision-making to maximise firm value and shareholder wealth. The material is presented in a non-mathematical and non-technical manner, informed by classroom interactions, teaching experiences, and student feedback. This textbook is especially beneficial for students pursuing B.Com. (Hons.) in the IIIrd and Vth semesters at the University of Delhi. It is also suitable for students in the Non-Collegiate Women's Education Board, the School of Open Learning at the University of Delhi, and other central universities throughout India. The content aligns with the National Education Policy (NEP), ensuring its relevance and applicability to current educational standards. The Present Publication is the 19th Edition, authored by Dr R.P. Rustagi, with the following noteworthy features: • [Concise Synopsis] Each chapter begins with a synopsis, offering a clear overview of the content, ensuring that readers can quickly grasp the main ideas and structure of the chapter • [Points to Remember] At the end of every chapter, a summary is provided in the form of 'Points to Remember', which helps students to recap and reinforce the key concepts covered • [Illustrative Examples] The book is rich with numerous examples and solved graded illustrations that clarify complex concepts and provide practical applications of financial management principles • [University Examination Questions] Incorporates questions that have appeared in university examinations at appropriate places, ensuring that students are well-prepared for their assessments • [MCQs] Multiple Choice Questions at the end of every chapter to test comprehension and facilitate self-assessment • [Excel Applications] Financial decision-making through Excel is explained with the help of several numerical examples from different topics, enhancing practical understanding and application The structure of this book is as follows • Synopsis (Chapter Plan) • Main Body (Contents) • Points to Remember • Graded Illustrations • Object Type Questions (True/False) • Multiple Choice Questions • Theoretical Assignments • Problems (Unsolved Questions with Answers) Contents of this book are as follows: • Background o Financial Management – An Introduction § Evolution of finance as a discipline, highlighting its development and integration over time § Scope of the finance function, including an overview of financial decision-making and its impact on different groups § Basic propositions and axioms of financial management, emphasising foundational concepts § Overview of the financial system and environment in India § Points to Remember, Objective Type Questions, Multiple Choice Questions, Assignments to reinforce learning o The Mathematics of Finance § Concept and relevance of financial mathematics § Techniques of compounding and discounting to calculate present and future values § Applications of the time value of money (TVM) in various financial decisions § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments to practice mathematical concepts • Long-Term Investment Decisions o Capital Budgeting – An Introduction § Features and significance of capital budgeting in long-term investment decisions § Problems and difficulties encountered in the capital budgeting process § Types of capital budgeting decisions and their implications for fund availability § Incremental approach to cash flows, including the treatment of depreciation and non-cash items § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments to solidify understanding o Techniques of Evaluation § Evaluation of capital budgeting proposals using various techniques § Traditional or non-discounting techniques: Payback Period and Accounting Rate of Return (ARR) § Discounted Cash Flow (DCF) techniques: Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR), Profitability Index (PI), and Discounted Payback Period § Risk analysis in capital budgeting, including conventional techniques and selecting appropriate methods § Capital budgeting with unequal lives of proposals § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments to apply evaluation methods • Financing Decision o Cost of Capital § Concept and significance of the cost of capital in financial decision-making § Factors affecting the cost of capital and its measurement § Types of cost of capital: cost of long-term debt, preference share capital, equity share capital, and retained earnings § Weighted Average Cost of Capital (WACC) and Marginal Cost of Capital § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments for practical application o Leverage Analysis § Concept of leverage and its importance in financial management § Types of leverage: operating leverage, financial leverage, and combined leverage § Impact of leverage on a firm's profitability and risk § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments to analyse leverage effects o EBIT-EPS Analysis § Relationship between EBIT (Earnings Before Interest and Taxes) and EPS (Earnings Per Share) under different financing patterns § Financial break-even analysis and indifference point/level § Limitations of EBIT-EPS analysis in decision-making § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments to explore different financing options o Leverage, Cost of Capital, and Value of the Firm § Theories on the relationship between capital structure, cost of capital, and firm value § Net Income Approach: Capital structure matters § Net Operating Income Approach: Capital structure does not matter § Traditional Approach: A practical viewpoint § Modigliani-Miller Model – Behavioural justification of the NOI Approach, including the arbitrage process and MM Model with taxes § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments to understand capital structure theories o Capital Structure: Planning and Designing § Factors determining the capital structure of a firm § Profitability and capital structure through EBIT-EPS analysis § Liquidity and capital structure using cash flow analysis § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, and Assignments to design optimal capital structures • Dividend Decision o Dividend Decision and Valuation of the Firm § Concept and significance of dividend policy § Models explaining the relevance of dividend policy: Walter's Model and Gordon's Model § Irrelevance theories: Residual theory of dividends and Modigliani-Miller Approach § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments to evaluate dividend policies o Determinants and Constraints § Factors influencing dividend payout ratios and stability of dividends § Different dividend policies: constant payout ratio, steady dividends per share, and extra dividends § Legal and procedural considerations, including scrip dividends and bonus shares § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments to understand dividend policy determinants • Management of Current Assets o Planning and Management of Working Capital § Understanding the operating cycle and its impact on working capital needs § Factors determining working capital requirements and policies for managing current assets § Financing of current assets and monitoring working capital § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments for working capital management o Estimation and Calculation § Methods for estimating working capital requirements based on net sales, total assets, and operating cycle § Techniques for accurate calculation and management of working capital § Points to Remember, Graded Illustrations, Assignments to apply estimation methods o Management of Cash and Marketable Securities § Motives for holding cash and theoretical frameworks for cash management § Planning and controlling cash flows, managing float, and electronic fund transfers § Models for optimal cash balance, including Baumol's Model and Miller-Orr Model § Management of marketable securities for liquidity § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments for cash management strategies o Receivables Management § Costs and benefits of receivables management § Credit policies, evaluation, and control of receivables § Methods for evaluating credit policies and managing credit risk § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments for receivables management o Inventory Management § Types of inventories and reasons for holding them § Costs associated with inventory, including stock-out costs § Techniques for inventory management, such as ABC analysis and Economic Order Quantity (EOQ) § Re-order levels, safety stock, and quantity discounts § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments for inventory control techniques • Valuation of Securities o Valuation of Securities § Concept and significance of securities valuation § Basic valuation models and required rates of return § Valuation of bonds, including semi-annual interest and yield to maturity (YTM) § Valuation of convertible debentures, deep discount bonds, preference shares, and equity shares § Methods for valuing equity shares based on accounting information, dividends, and earnings § Points to Remember, Graded Illustrations, Objective Type Questions, Multiple Choice Questions, Assignments to practice valuation techniques • Appendices o Appendix I § Financial Decision-Making with Excel – Practical examples and exercises using Excel for financial decision-making o Appendix II § Past Year Question Papers – Suggested answers to practical questions from previous financial management exams at the University of Delhi o Appendix III § Mathematical Tables – Useful for quick reference and calculations

Fundamentals of Corporate Finance, 2nd Edition offers an innovative integration of conceptual understanding and problem-solving ... of intuition and decision-making ... of the authors' industry and classroom/research experience ... with current real-world examples and online practice. Authors Robert Parrino, David Kidwell, and Thomas Bates believe that students who understand the intuition underlying the basic concepts of finance are better able to develop the critical judgments necessary to apply financial tools in real decision- making situations. Their text develops intuitive thinking while simultaneously helping students develop problem solving and computational skills. It then shows students how to apply intuition and analytical skills to decision making while integrating it all with valuation and building shareholder value.