Financial Management

1

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

LEARNING OBJECTIVES

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 ...