ACCA Financial Management

Financial Management: A Comprehensive Guide by Azhar ul Haque Sario is an in-depth exploration of financial management, covering a wide range of topics related to the nature and purpose of financial management, financial objectives and their relationship to corporate strategy, stakeholder management, and the financial management environment. The book provides insight into managing accounts payable and receivable, cash flow forecasting and management, and investment appraisal techniques such as NPV, IRR, and discounted payback period. It also analyzes leasing or borrowing to buy, asset replacement, and capital rationing. The author covers various sources of business finance, including lease finance, equity and debt finance, and rights issues, and explores the cost of capital and capital structure theories and practical considerations. The book includes case studies and scenarios for practical application and provides analysis on shareholder wealth maximization and profit maximization assessment criteria. Overall, the book is a comprehensive guide for professionals and students seeking to improve their financial management skills and knowledge.