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McLaney, E.J.; Business Finance: Theory and Practice, 2001, Taxmann Publications(P) Ltd., New Delhi, India, pp. 452, Price Rs. 475/-.
The term business finance connotes the term finance of business activities.The word business is used to denote merchandising, the operation of some sort of a shop or store , large or small. It is, however, giving too narrow a meaning to the word. Business must be understood to embrace every human activity (usually activated by the profit motive). Thus all activities that help to supply material wants are known as business. Finance is concerned with procurement of funds and their wise application. The responsibility of finance manager is not only limited to acquisition of adequate cash to meet business requirements but extends beyond this to optimal utilisation of funds. Thus business finance is concerned with making decisions about which investments the firm should make and how best to finance these investments. It is a study of how investment and financing decision should be made in practice. Finance is omnipresent and it is associated with plans and result of every functional department because every proposal and every decision entails financial problems or has an influence on financial results. Finance helps business entrepreneurs and management in getting over their business problems and accomplishing their wealth maximisation goal. Knowledge of finance and its tools and techniques provide strong and sound basis for making decisions in all business matters. The dimensions of business finance have undergone phenomenal transformations during the last few decades...