“Money is like manure; it's not worth a thing unless it's spread around, encouraging young things to grow.”
After reading the chapter, you will be able to:
Understand the basic concepts of financial management.
Discuss the various functions of financial management.
Understand the role of the new-age finance manager, especially in the Indian context.
Analyse the structure of the finance department and its linkages with other functional departments.
Understand the objectives of a firm, especially its financial objectives, and look at its profit and wealth maximization objectives.
Define agency cost and agency problem.
Gain insight into the scope of financial management ...