In the post-liberalisation environment, the subject of working capital management has become far more complex than what it was in the last century. Today, working capital management is one of the most vital and critical areas of financial management. The contents and subject-matter of working capital management is also changing at a rapid pace and new issues are emerging in it’s field which have shifted emphasis from the episodic financing to the functional working capital management.
ABOUT THE AUTHOR N P Agarwal
Prof. N.P. Agarwal was the Convener, Board of Studies, and Principal, University Commerce College, University of Rajasthan, Jaipur. His original piece of research work on the topic 'Corporate Social Reporting' was awarded the degree of D.Litt. by the University of Rajasthan, Jaipur. Porf. Agarwal has 36 years of teaching experience to his credit including an assignment at the Federal University of Technology, YOLA, Nigeria from 1983 to 1985. A prolific writer and original thinker, Prof. Agarwal has authored more than 60 books on various subjects including statistics, Operations Research, Quantitative Techniques, Taxation, Coast and Management Accounting, Financial Management and Cost and Management Audit, and has produced more than 60 Ph.Ds. He got published more than 200 research papers in leading national journals and about 35 research papers in various foreign journals, and has presented more than 40 papers in national and international seminars. He has chaired on many occasions the session of national and international seminars.
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