Synopsis This book is a detailed study of Financial Management: Function, Planning and Policy.  This book coves a wide range of materials on financial management which is sufficiently comprehensive to accommodate course objective for M.B.A., M.Com. and B.Com. Classes.  This book is intended for those university and college teachers who desire a strong background in Financial Management.  It covers a broad spectrum of the subjects.  Fund flow statement, cash flow statement, ratio analysis, budgetary control, marginal costing, standard costing, capital expenditure decision and working capital management is discussed in separate chapters.  The students of management, commerce, finance and economics will get useful guidance for their academic tests.