This book makes sense of the finance world from a non-finance perspective. It introduces, explains and demystifies essential ideas of business finance to those who do not have a financial background or training. The book delineates the financial workings of businesses and offers an overview of financial management in the global context.
The volume:
· Discusses fundamental concepts and application of accounting and finance at global level;
· Contains effective tools for financial analysis, communication, monitoring, and resource allocation;
· Provides important instructional aids such as figures, tables, illustrations and real-world corporate case studies to facilitate learning.
· Concise in form yet comprehensive in content, delivers in-depth coverage of the five key constituents and entire gamut of the Finance Domain —financial accounting, cost accounting, financial management, financial markets, and tax planning;
· Is thoroughly updated with the latest concepts, international corporate practices, recent trends, and current data on the subject with a vivid visual impact for pleasurable reading and learning experience.
Accessible and comprehensive, this third edition is a revised version in accordance with the current finance laws, practices and data. A guide to building financial acumen and literacy, it will be a useful resource for executive and management development programmes (EDPs & MDPs) oriented towards business managers and management students, including MBA programmes, and allied disciplines of commerce, finance, economics and others. It will also benefit business executives, corporate heads, entrepreneurs, government officials, academicians of business and allied disciplines, as well as those who deal with finance or financial matters in their daily lives.
PART I: Introduction 1. Business organisations PART II: Financial accounting and analysis 2. Fundamentals of accounting 3. Accounting process 4. Accounting principles 5. Financial 6. Financial analysis PART III: Cost accounting and management 7. Cost concepts and classification 8. Budgetary control 9. Marginal costing and managerial decision-making PART IV: Financial management 10. Nature of financial management 11. Capital budgeting: concept and application 12. Time value of money 13. Estimation of cash flows for capex 14. Capital budgeting appraisal methods 15. Cost of capital 16. Capital structure planning 17. Working capital management 18. Dividend policy PART V: Financial Markets19. Financial System: constituents & instruments 20. Mutual funds PART VI: Tax planning 21. Direct taxation: income tax
Biography
Sandeep Goel is Senior Professor of Accounting and Finance, and Corporate Governance at Management Development Institute (MDI) Gurgaon, India. He holds two doctorates, one in Finance; and another in Accounting from the Faculty of Management Studies, University of Delhi. He completed his bachelor’s with Hons. and master’s degrees in Commerce with specialisation in Finance from Shri Ram College of Commerce, and the Department of Commerce, Delhi School of Economics, University of Delhi, respectively. He has three decades of industry and academic experience across various organisations and institutions of repute, including the Shri Ram Group, the University of Delhi and MDI Gurgaon. He also has hands on experience in the family business in business compliance and financial management functions. Besides, he is an accomplished Forensic Accounting, Fraud Risk Management, and Corporate Governance professional.
