Financial management: principles and practices

Financial Management: Principles and Practices is an academic text that offers a comprehensive examination of financial decision-making processes within modern business enterprises. It is primarily intended for students pursuing courses in commerce, finance, and management, as well as scholars and practitioners seeking a deeper understanding of financial principles and practices. The book is systematically divided into eight chapters, beginning with an introduction to the fundamental nature, scope, and objectives of financial management. It then explores critical domains such as financial planning and control, capital structure, investment appraisal, working capital management, and dividend decisions. A distinctive feature of the book is its focus on the regulatory environment, the functioning of financial markets and institutions, and the influence of foreign investment, particularly within the Indian context. Recognising the dynamism of the financial landscape, the text also incorporates emerging trends including the integration of technology in financial decision-making, ethical and sustainability considerations, global financial practices, and the role of big data analytics. These contemporary inclusions enhance the academic and practical relevance of the book. Each chapter is underpinned by theoretical rigour and is complemented by examples and analytical insights to foster conceptual clarity. The structured format and chapter-end review questions are designed to support academic learning and examination preparation