With this end in view, Professor Bhabatosh Banerjee, drawing from his expertise and his rich and long years of experience, gives a masterly analysis of the fundamental principles of financial management along with their applications. Divided into five parts, the text deals in Part I with the basic concepts, and in Part II with financial and dividend decisions. Part III discusses investing in long-term and short-term assets. Part IV shows how performance analysis and measurement are done, and Part V covers contemporary topics such as portfolio management, mergers and acquisitions, and corporate governance.

The elegantly combined presentation of the various aspects of financial management and the topics of management accounting is a highlight of this text. The extensively revised, updated and reorganised new edition retains the thorough coverage of the various areas of financial management - basic concepts of finance, sources of finance, capital structure theories and planning, dividend policies, investment decisions, portfolio management and working capital management - as well as the areas of management accounting - changes in financial position, budgetary control and standard costing, and cost information and management decisions - provided in the previous editions. It presents, in addition, significant and contemporary topics such as financial environment, corporate governance and international financial management. Intended primarily for postgraduate students of commerce (MCom) and management (MBA with finance specialisation), the book will also be highly useful for undergraduate students of these disciplines (BCom/BBA), students of professional courses such as CA and ICWA, as well as professionals in the fields of financial management and management accounting.

This well-established and widely adopted textbook, now in its 12th edition, continues to provide an in-depth and insightful analysis of the modern theories and practices of Cost Accounting. That the book has gone into its 12th edition is a testimony of its wide acceptance by the students, academics and professionals. Primarily intended for postgraduate and undergraduate students of Commerce and Management, the book would also immensely benefit students pursuing professional courses offered by the Institute of Chartered Accountants of India (ICAI), Institute of Cost and Works Accountants of India (ICWAI), Institute of Company Secretaries of India (ICSI), and those pursuing the Chartered Financial Analyst (CFA) course.