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Essentials of Financial Management

By Dr. Abhijeet Biswas, Dr. Shashi Srivastava   |   Banaras Hindu University
Learners enrolled: 312
ABOUT THE COURSE:
The present course aims to familiarize the learners with the basic principles and techniques of financial management. It would aid in understanding the essence of financial management and what roles and functions a finance manager performs in an organization. The course would help in examining the objectives of shareholder wealth maximization which encompasses much of modern corporate finance and its implication for rational decision making

INTENDED AUDIENCE: M.B.A. / M.Com / B.Com / B.B.A. / M.A. Economics / B.A. Economics / PhD / Chartered Accountant / Company Secretary / ICWA / Working Professionals in the Area of Finance

PREREQUISITES: Any student pursuing graduation or above can opt for this course.

INDUSTRY SUPPORT: It is a core course of an M.B.A. and M.Com program, so all companies/industries would value this course.
Summary
Course Status : Upcoming
Course Type : Core
Language for course content : English
Duration : 8 weeks
Category :
  • Commerce
  • Management Studies
  • Economics & Social Sciences
Credit Points : 2
Level : Undergraduate/Postgraduate
Start Date : 18 Aug 2025
End Date : 10 Oct 2025
Enrollment Ends : 18 Aug 2025
Exam Registration Ends : 29 Aug 2025
Exam Date : 24 Oct 2025 IST
NCrF Level   : 4.5 — 8.0

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.


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Course layout

Week 1: Concept of Finance
  • Finance Function
  • Objectives of Financial Management
  • Financial Decisions
  • Financial Planning
  • Different Forms of Business Organization

Week 2: Capitalization
  • Over-Capitalization
  • Under-Capitalization
  • Importance of Capital Structure
  • Determinants of Capital Structure
  • Optimal Capital Structure and Risk-Return Trade-off

Week 3: Theories of Capital Structure
  • Net Income Approach of Capital Structure
  • Net Operating Income Approach of Capital Structure
  • Traditional Approach to Capital Structure
  • Modigliani & Miller's Approach of Capital Structure
  • Concept of Arbitrage in Capital Structure

Week 4: Leverages
  • Financial Leverage
  • Degree of Financial Leverage
  • Financial Break-Even Point
  • Operating Leverage
  • Break-Even Level of EBIT

Week 5: Sources of Finance
  • An Overview of Sources of Finance
  • Equity Shares 
  • Preference Share 
  • Bonds, Debentures, and Term Loan 
  • Lease Financing, Internal Financing, and Other Sources of Finance 

Week 6: Capital Budgeting
  • An Introduction to Capital Budgeting 
  • Accounting Rate of Return Method and Pay Back Period Method 
  • Net Present Value Method and Profitability Index Method 
  • Internal Rate of Return Method 
  • Appraisal Techniques for Risky Projects 

Week 7: Working Capital Management
  • An Introduction to Working Capital Management 
  • Management of Cash 
  • Management of Receivables 
  • Management of Inventory 
  • Financing of Working Capital 

Week 8: Dividend Decisions
  • An Introduction to Dividend Decision 
  • Walter's  Relevancy Theory of Dividend 
  • Gordon's Relevancy Theory of Dividend 
  • Modigliani  & Miller's Irrelevancy Theory of Dividend 
  • Dividend Policy

Books and references

  1. Prasanna Chandra "Financial Management: Theory and Practice", McGraw Hill Education Publishers. 
  2. Van Horne, J.C, "Fundamentals of Financial Management", Prentice Hall Publishers.
  3. Brealey and Myers," Principles of Corporate Finance", McGraw Hill Education Publishers. 
  4. Pandey I.M., "Financial Management", Vikas Publishers. 
  5. Khan, M.Y. and Jain, P.K., "Financial Management", McGrawHill Education Publishers. 
  6. Gupta, S.K. and Sharma, R.K., "Management Accounting", Kalyani Publishers.

Instructor bio

Dr. Abhijeet Biswas

Banaras Hindu University
Dr. Abhijeet Biswas is an Assistant Professor at the Institute of Management Studies, Banaras Hindu University. He is a distinguished academic with a Ph.D. and M.B.A. (Gold Medalist) from the Institute of Management Studies, Banaras Hindu University. Dr. Biswas qualified for the UGC-JRF in Management 10 times in a row, with an impressive score of 99.91 percentile in December 2019. His academic excellence has been recognized with multiple honors, including the prestigious B.H.U Meritorious Scholarship, B.H.U Gold Medal, Dr. S.K.R. Bhandari Gold Medal, and Kedar Nath Gold Medal, awarded for securing the First position in the M.B.A. Examination (2013), conferred by the Hon'ble Vice-Chancellor of Banaras Hindu University. Dr. Biswas earned his Bachelor's in Fashion Technology (B.F.Tech) from the National Institute of Fashion Technology (NIFT), Bangalore in 2009. He worked as an Assistant Professor at Mahatma Gandhi Central University, Bihar, before joining Banaras Hindu University in 2019. He has completed two major research projects as a principal investigator (PI) focusing on MSMEs and entrepreneurial traits, which were funded by the Institution of Eminence (IoE), Banaras Hindu University. A renowned resource person in academic writing, Dr. Biswas has organized several research workshops and has chaired technical sessions at reputed academic forums. His research contributions have been widely acknowledged. He has received several accolades, including the Most Appreciated Research Paper Award 2021, Best Research Paper Award 2022, and Best Research Paper Award 2024 from the Institute of Management Studies, Banaras Hindu University. He is the only academician from an Indian Central University to be honored with the C.K. Prahalad Prashasti Award by ReThink INDIA.

Dr. Biswas is ranked among the Top 20 Researchers in India based on the P-Rank, as per the ABDC Journal Quality List Ranking, and ranks in the Top 10 for Sole Author Publications. He has an impressive portfolio of 24 publications, including 13 as Sole or First Author, in leading ABDC-A/B ranked and Scopus/WoS Q1 indexed journals. His research has been published in prestigious outlets such as the International Journal of Bank Marketing, Journal of Organizational Computing and Electronic Commerce, Management Decision, International Journal of Human-Computer Interaction, Social Responsibility Journal, International Journal of Quality & Reliability Management, Benchmarking: An International Journal, International Journal of Productivity and Performance Management, International Journal of Educational Management, International Journal of Quality and Service Sciences, Journal of Quality Assurance in Hospitality & Tourism, Society and Business Review and others. Dr. Biswas is making strides in research with an impressive H-index of 15, i-10 index of 21, and 850+ Google Scholar citations. His academic and research interests span various domains, including Finance, Entrepreneurship, and Consumer Behavior. He is the Admission Co-coordinator for the flagship MBA/MBA-IB programs of the Institute and is also a member of the Student Well-Being Committee. Dr. Biswas is known for his intellectual rigor and unwavering commitment to scholarship. He is a lifelong learner, constantly evolving through teaching, research, and knowledge dissemination.


Dr. Shashi Srivastava

Dr. Shashi Srivastava, an Associate Professor at the Institute of Management Studies, Banaras Hindu University, completed her M.B.A. in Finance from Banaras Hindu University. Holding a PhD in Finance, she has also qualified for UGC-NET in Management. Dr. Srivastava's career reflects a dedication to high-quality teaching and impactful research. At IM-BHU, her expertise lies in finance and strategic management, with a focus on corporate finance. With a teaching career spanning both government and private sectors since 1995, Dr. Srivastava has authored one book titled Corporate Financial Decisions and over fifty peer-reviewed publications, including Web of Science, Scopus, and UGC-CARE-listed journals. Her passion for research is evident in her contributions to numerous academic journals and conferences within the field of management studies. Her research area includes interest rate and credit derivatives, risk management in banking, financial inclusion, corporate debt restructuring, and MSME financing. She has also contributed several chapters to edited books and has worked as an editor for three academic volumes. She has supervised six Ph.D. candidates and has actively conducted and participated in various National and International conferences. Additionally, she has been an invited speaker at several AICTE-sponsored Quality Improvement Programs, Faculty Development Programs, and seminars, addressing a variety of contemporary issues in finance and management. Besides, she has also performed various administrative duties successfully, i.e., Member, Academic Council, Secretary, Departmental Research Committee, Chairman, Grievance Cell at Dept. level, Coordinator, Induction Program for Newly Admitted MBA/MBA-IB Students, Member Board of Studies. As she also prioritizes student well-being, in addition to her teaching duties, Dr. Srivastava serves as the Faculty Student Advisor and Chairperson of the Student Well-Being Initiative Committee, where she is deeply involved in student-centric activities contributing to their holistic development.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 24 October 2025 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 6 assignments out of the total 8 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

Please note that assignments encompass all types (including quizzes, programming tasks, and essay submissions) available in the specific week.

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup. It will have the logos of INI and BHU.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- INI team


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