With tremendous rise in population and peoples’ wants the business has also grown to a great extent. Further, globalisation and liberalization policies being adopted all over the world have given a great impetus to business. However, this has also necessitated effective and efficient utilization of resources, including financial resources, in a sound and rational manner to obtain maximum satisfaction and profit. Modern business requires financial managers to be thorough in various techniques and concepts of financial management. "Techniques of Financial Management" brings to the fore all tools, methods, techniques and concepts of financial management for modern business. The book describes in a lucid way financial analysis, ratio analysis, profit and working capital analysis, fund flow analysis, various types of budgets, budgetary control, finance for working capital, finance against fixed assets, return on investment, sampling, statistical quality control and numerous other topics. Views of eminent authorities and numerous illustrations are included for easy understanding. The book is of immense utility to students, teachers, financial managers, financial consultants and general readers.
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