This book provides a comprehensive coverage of all the basic concepts of financial management. To suit the needs of students studying for degree courses and Masters of Finance as well as those in business and in practice and managers who are interested in the subject of financial management. Unit 1 - Covers the basic concepts and provides an introduction to financial management by discussing time value of money; profit maximization vs. wealth maximization Unit 2 - Covers changes in the financial position and financial statement analysis Unit 3 - Covers long-term capital decisions with important concepts and techniques of capital budgeting, analysis of risk and uncertainty of the cost of capital Unit 4 - Deals with financing decisions e.g. operating and financial leverage and planning of Capital Structure Unit 5 - Deals with dividend policies Unit 6 - Deals with management of current assets Unit 7 - Covers mergers / amalgamations, acquisitions and takeovers