This book has been designed to discuss the fundamental concepts, procedures and practices of Financial Management. This book aims to fulfil the requirement of students for undergraduate courses in commerce and management, particularly the B.Com. (H) III/V Semester of Delhi University and other Central Universities throughout India. The Present Publication is the 18th Edition, authored by Dr R.P. Rustagi, with the following noteworthy features: [Simple, Systematic & Comprehensive Explanation] The subject matter is presented in a simple, systematic method and a comprehensive explanation of the concepts and theories underlying financial management. The book tries to explain the subject matter in a non-mathematical and non-technical way [Student-Oriented Book] This book has been developed keeping in mind the following factors: Interaction of the author/teacher with their students in the classroom Shaped by the authors'/teachers' experience of teaching the subject matter at different levels Reactions and responses of students have also been incorporated at different places in the book