The book “Basics of Financial Management” is an increasingly significant topic within the contemporary business environment. This book strives to provide a comprehensive comprehension of the subject’s foundational elements, encompassing concepts, hypotheses, models, tools, and methods, as well as their practical implementations. Its emphasis on logical discourse in situations where contextual comprehension of the subject is essential distinguishes this book from others. Students and professionals in the fields of management & commerce at the undergraduate level will find the Basics of Financial Management to be an invaluable resource.
The book is intended for postgraduate students majoring in business management (MBA), trade and commerce, the field of engineering, and technology as a foundational course in financial management. It covers both the fundamental concepts that underpin financial management theory and practical applications in the domains of financing, investments, and asset management. Students are assisted in enhancing their foundational financial management abilities through clear and succinct explanations of each financial function. The objective of the book seems to provide readers with a deeper understanding of the processes involved in making financial decisions. The book provides an introductory overview of three significant decision-making domains within the field of financial management: variance analysis, break-even analysis, as well as decisions involving choices.