Financial Management, written by Azhar ul Haque Sario, is a comprehensive guide to financial management. This book covers a wide range of topics, from financial statements analysis to capital budgeting and working capital management. The purpose of this book is to help readers build a strong foundation in financial management and develop practical skills that can be applied in both personal and professional settings.
The book begins with an introduction to financial management, providing an overview of the key concepts and principles that will be covered throughout the book. The author then moves on to discuss Markets & Investing, examining the different types of markets and investment options available to individuals and businesses, along with the strategies and techniques used to invest effectively.
A major focus of the book is Financial Statements Analysis, which provides an in-depth analysis of different financial statements, including balance sheets, income statements, and cash flow statements. The author gives clear guidance and examples on how to interpret financial statements and use them to make informed decisions. The book also covers Time Value of Money, which is a critical concept in finance, and explains how to calculate the present and future value of money.
The Risk & Return chapter covers risk management strategies and explores the different types of risk that businesses can face, along with the expected returns and evaluation of those returns. The book also describes Capital Budgeting, which includes the different methods used for project evaluation and selection, such as net present value, internal rate of return, and payback period.
With the Working Capital Management chapter, the author provides practical insights into how businesses can manage their daily operations and finances, addressing operational efficiency, cash management, and inventory management. Capital Structure explores the various sources of financing available to businesses, such as equity and debt, along with their advantages and disadvantages.
In addition to the substantive content, the book provides an informative About the Author and About the Publisher sections. The author's experience in financial management shines through the book, and provides the reader with a valuable resource for learning more about the subject.
Hence, Financial Management is a well-written and practical guide for anyone interested in understanding the complex world of finance. The book covers all the key concepts in a clear and concise manner, with real-life examples and exercises that help readers reinforce their learning. It is a valuable resource for students, professionals, and anyone looking to build a sound financial foundation.
