Financial Management

The efficient and effective management of funds in order to accomplish the goals and objectives of an organization is referred to as financial management. Raising and allocation of capital, for long and short-term budgeting, forms an important focus of this discipline. The most important goal of financial management is the maximization of profit. There are several kinds of profits, such as profits before interest, depreciation and taxes, cash profit, etc. The other objectives of financial management are ensuring the survival of the company, maximizing the shareholders' wealth, maintaining the cash flow and minimizing capital cost. Financial management also encompasses the estimation of the requirement of funds, determination of the capital structure, deliverance of significant returns for the business using a good investment plan, etc. This book elucidates the concepts and innovative models around prospective developments with respect to financial management. It unfolds the innovative aspects of financial management, which will be crucial for the progress of this field in the future. The extensive content of this book provides the readers with a thorough understanding of the subject.