Higher Education


Financial Management : A Step-by-Step Approach

Author(s): N. R. Parasuraman

ISBN: 9789386668554

2nd Edition

Copyright: 2019

India Release: 2018


Binding: Paperback

Pages: 832

Trim Size: 254 x 203 mm

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Financial Management seeks to teach complex concepts in Finance through a simple step-by-step approach. To make it easy for the reader to comprehend, the concepts are explained with the help of Excel spreadsheets. The book ensures exposure to Excel formulae and their use in financial applications. In order to add the real-life flavour, the book contains a number of quotes and musings by eminent corporate leaders and personalities on various aspects of management. Each chapter starts with a real-life case of a company and its key figures.

  • Simple and to-the-point description of concepts
  • Straight step-by-step approach
  • Numerous solved illustrations
  • Use of Excel spreadsheets
  • Multiple-choice questions at the end of each chapter for testing concepts
  • Real-life musings and observations by experts as part of each chapter
  • Exercises for students to solve and gain practice
  • Probing cases which test the conceptual understanding across chapters
  • Excel templates for the applications used in the chapter
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  • Includes a licence key for our digital learning app, Cengage app, that provides access to self-assessments and flashcards

Chapter 1 The Big Picture of Finance

Chapter 2 Financial Statements 

Chapter 3 Analysis of Financial Statements

Chapter 4 Time Value of Money

Chapter 5 Risk and Return

Chapter 6 Financial System—Markets, Institutions and Products

Chapter 7 Basics of Capital Budgeting

Chapter 8 Cash flows in Capital Budgeting

Chapter 9 Bonds and Shares

Chapter 10 Cost of Capital

Chapter 11 Higher Aspects of Capital Budgeting

Chapter 12 Capital Structure

Chapter 13 Dividend Policy and Shareholder Value Creation

Chapter 14 Long-Term Sources of Finance

Chapter 15 Working Capital Management—The Basics

Chapter 16 Working Capital Management—Extensions

Chapter 17 Risk Analysis in Capital Budgeting

Chapter 18 Project Financial Report—Preparation and Analysis

Chapter 19 Capital Asset Pricing Model

Chapter 20 Introduction to Multinational Finance

Chapter 21 Introduction to Options and Futures

Chapter 22 Introduction to Securities Analysis and Portfolio Management

Chapter 23 Introduction to Strategic Cost Management

Chapter 24 Introduction to Lease Financing

Chapter 25 Introduction to Real Options in Capital Budgeting

Chapter 26 Corporate Valuation, Mergers and Acquisitions

Case Studies





N. R. Parasuraman

Dr. N. R. Parasuraman is Director and Senior Professor at SDM Institute for Management Development, Mysore. He is a Commerce and law graduate and did his Ph.D. on Capital Structure of Indian Companies. He is a fellow member of the Institute of Company Secretaries of India and the Institute of Cost and Management Accountants. He has 31 years of experience in diverse areas of Finance. Dr. Parasuraman was the Company Secretary of FEDERAL BANK for five years. He has worked as Finance Manager for KEK Group of Companies, Trivandrum and as a Securities Analyst for Joindre Capital Services, Mumbai. His areas of teaching and research are strategy, financial derivatives, multinational finance and corporate valuation. Dr. Parasuraman is a visiting faculty at the Indian Institute of Management Kozhikode, Indian Institute of Management Rohtak, Indian Institute of Management Udaipur and the Rajiv Gandhi Indian Institute of Management, Shillong. He has published over 30 papers and concept articles in various journals. Apart from this book, he has authored another book titled Fundamentals of Financial Derivatives. He has co-authored with Eugene Brigham and Scott Besley the South-Asian edition of Corporate Finance (CFIN) brought out by Cengage.