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Fundamentals of Financial Management by Ramesh K. S. Rao: A Review
Fundamentals of Financial Management is a textbook by Ramesh K. S. Rao, a professor of finance at the University of Texas at Austin. The book covers the basic concepts and techniques of financial management, such as financial analysis, planning, valuation, capital budgeting, capital structure, dividend policy, working capital management, and international finance. The book also includes several case studies, examples, and problems to illustrate the application of financial theory to real-world situations.
The book is intended for undergraduate and graduate students of business administration, as well as practitioners and managers who want to improve their financial decision-making skills. The book is written in a clear and concise style, with an emphasis on intuition and understanding rather than mathematical rigor. The book also provides a comprehensive coverage of the latest developments and trends in financial management, such as financial innovation, risk management, corporate governance, and ethical issues.
The book has received positive reviews from students and instructors who have used it as a textbook or a reference. Some of the strengths of the book are its logical organization, its balanced approach to theory and practice, its relevant and updated examples and cases, and its pedagogical features such as learning objectives, summaries, key terms, review questions, and end-of-chapter problems. Some of the limitations of the book are its lack of depth in some topics, its occasional errors and typos, and its high price.
Overall, Fundamentals of Financial Management by Ramesh K. S. Rao is a useful and informative book for anyone who wants to learn the essentials of financial management. The book provides a solid foundation for further study and research in finance, as well as a practical guide for making sound financial decisions in a dynamic and complex environment.The book is divided into six parts, each consisting of several chapters. The first part introduces the scope and objectives of financial management, the role of financial markets and institutions, the concept of risk and return, and the time value of money. The second part deals with financial analysis and planning, including financial statements, ratio analysis, cash flow analysis, financial forecasting, and working capital policy. The third part covers the valuation of securities and projects, such as bond