Introduction to Financial Management

“Money is like manure; it's not worth a thing unless it's spread around, encouraging young things to grow.”


Thornton Wilder


After reading the chapter, you will be able to:

  1. Understand the basic concepts of financial management.

  2. Discuss the various functions of financial management.

  3. Understand the role of the new-age finance manager, especially in the Indian context.

  4. Analyse the structure of the finance department and its linkages with other functional departments.

  5. Understand the objectives of a firm, especially its financial objectives, and look at its profit and wealth maximization objectives.

  6. Define agency cost and agency problem.

  7. Gain insight into the scope of financial management ...

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