This book is an authoritative and comprehensive guide exploring the multifaceted financial management field. This seminal work discusses the intricate decisions that individuals and business firms make, which carry financial implications. This book evaluates financial decisions to maximise firm value and shareholder wealth, as indicated by share market prices. This book aims to fulfil the requirement of students preparing for professional exams conducted by ICAI, ICSI, ICWAI & students of post-graduate courses in commerce and management. This book will also be helpful for financial executives in updating their knowledge about current thinking and developments taking place in financial management.