Financial Management
Financial Management
WORKBOOK
The ICFAI University
# 52, Nagarjuna Hills, Hyderabad - 500 082
© 2005 The Icfai University Press. All rights reserved.
No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means – electronic, mechanical, photocopying or otherwise – without prior permission in writing from The Icfai University Press.
ISBN : 81-7881-969-4
Ref. No. FMWB 11200502
For any clarification regarding this book, the students may please write to us giving the above reference number of this book specifying chapter and page number.
While every possible care has been taken in type-setting and printing this book, we welcome suggestions from students for improvement in future editions.
Preface
The ICFAI University has been upgrading its study material to make it more beneficial to the students for self-study through the Distance Learning mode.
We are delighted to publish a workbook for the benefit of the students preparing for the examinations. The workbook is divided into three parts.
Effective from April, 2003, the examinations for all the subjects of DBF/CFA (Level-I) consist of only multiple choice questions.
Brief Summaries of Chapters
A brief summary for each of the chapters in the textbook is given for easy recollection of the topics studied.
Part I: Questions on Basic Concepts and Answers (with Explanatory Notes)
Students are advised to go through the relevant textbook carefully and understand the subject thoroughly before attempting Part I. In no circumstances should the students attempt Part I without fully grasping the subject material provided in the textbook.
Frequently used Formulae
Similarly the formulae used in the various topics have been given here for easy recollection while working out the problems.
Part II: Problems and Solutions
The students should attempt Part II only after carefully going through all the solved
WORKBOOK
The ICFAI University
# 52, Nagarjuna Hills, Hyderabad - 500 082
© 2005 The Icfai University Press. All rights reserved.
No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means – electronic, mechanical, photocopying or otherwise – without prior permission in writing from The Icfai University Press.
ISBN : 81-7881-969-4
Ref. No. FMWB 11200502
For any clarification regarding this book, the students may please write to us giving the above reference number of this book specifying chapter and page number.
While every possible care has been taken in type-setting and printing this book, we welcome suggestions from students for improvement in future editions.
Preface
The ICFAI University has been upgrading its study material to make it more beneficial to the students for self-study through the Distance Learning mode.
We are delighted to publish a workbook for the benefit of the students preparing for the examinations. The workbook is divided into three parts.
Effective from April, 2003, the examinations for all the subjects of DBF/CFA (Level-I) consist of only multiple choice questions.
Brief Summaries of Chapters
A brief summary for each of the chapters in the textbook is given for easy recollection of the topics studied.
Part I: Questions on Basic Concepts and Answers (with Explanatory Notes)
Students are advised to go through the relevant textbook carefully and understand the subject thoroughly before attempting Part I. In no circumstances should the students attempt Part I without fully grasping the subject material provided in the textbook.
Frequently used Formulae
Similarly the formulae used in the various topics have been given here for easy recollection while working out the problems.
Part II: Problems and Solutions
The students should attempt Part II only after carefully going through all the solved