This book makes sense of the finance world from a non-finance perspective. It introduces, explains and demystifies essential ideas of business finance to those who do not have a financial background or training. The book delineates the financial workings of businesses and offers an overview of financial management in a global context. The volume: Discusses fundamental concepts and applications of accounting and finance at the global level Contains effective tools for financial analysis, communication, monitoring and resource allocation Provides important instructional aids such as figures, tables, illustrations and real-world corporate case studies to facilitate learning Is concise in form yet comprehensive in content, delivering in-depth coverage of the five key constituents and entire gamut of the finance domain – financial accounting, cost accounting, financial management, financial markets and tax planning Is thoroughly updated with the latest concepts, international corporate practices, recent trends and current data with a vivid visual impact for a pleasurable reading and learning experience. Lucid, accessible and comprehensive, this third edition is a revised version in accordance with the current finance laws, practices and data. A guide to building financial acumen and literacy, it will be a useful resource for executive and management development programmes (EDPs & MDPs) oriented towards business managers and management students, including MBA programmes, and allied disciplines of commerce, finance, economics and others. It will also benefit business executives, corporate heads, entrepreneurs, government officials, academicians of business and allied disciplines, as well as those who deal with finance or financial matters in their daily lives.