The time value of money suggests a preference of having money as of now than at a future point of time. The concept of time value of money helps in arriving at the comparable value of the different rupee amounts arising at different points of time into equivalent values at a particular point of time (present or future). Learn about [...]
I. M. Pandey defines capital budgeting decision as, "the firm's decision to invest its current funds most efficiently in the long term assets, in anticipation of an expected flow of benefits over a series of years". Capital budgeting decisions may either be in the form of increased revenues, or reduction in costs. Capital expenditure decisions therefore include, addition, disposition, modification [...]
Financial management is such a managerial process which is concerned with the planning and control of financial resources. Financial management was started as a separate subject of study in the 20th century. Till now it was used as a part of economics. As an educational subject, its scope has undergone some basic changes from time to time. In the initial [...]