FINANCIAL MANAGMENT & CORPORATE FINANCE MBA - 2nd Semester : KMBN 204
Overview
KMBN 204 — Financial Management & Corporate Finance ek aisa subject hai jo MBA ke core mein aata hai. Is topic ka maksad simple hai: company ka paisa kaise manage karna hai — capital kaise arrange karna, investment decisions kaise lene, aur profit ko sustainable kaise banana. Yeh article tumhe theory se zyada practical short-tricks, real-life examples aur exam-friendly tips dega — taaki padhai tez bhi ho aur samajhne mein maza bhi aaye.
Key Concepts (Seedhe aur Simple)
Financial Management ka teen main pillar hota hai: Investment Decisions (Capital Budgeting), Financing Decisions aur Dividend Decisions. Inko yaad rakhne ka trick: "I-F-D — Invest, Fund, Distribute". Har decision ka ek practical angle hota hai:
- Capital Budgeting: NPV, IRR, Payback period — sabse important NPV hai kyunki profit ko present value mein check karta hai.
- Cost of Capital: WACC — company ka average cost of funds. Simple formula yaad rakho: weighted average of debt and equity costs.
- Capital Structure: Equity vs Debt ka balance — leverage ko samajhna zaruri hai: debt se return badhta hai lekin risk bhi badhta hai.
- Working Capital Management: Cash, inventory aur receivables ko manage karna — chhote business mein yeh hi make-or-break hota hai.
Short Tricks & Mnemonics
Exam time pe jaldi revise karne ke liye kuch short tricks — easy aur yaad rakhne layak:
- NPV/IRR: NPV positive = project accept. IRR > required return = accept. Trick: "Plus NPV = Party".
- WACC: Debt is cheaper (tax shield) — remember by phrase: "D sits cheaper with tax seat".
- Leverage: D/E ratio ka simple impact: profit volatility badhta hai — mnemonic: "More D = More Drama".
- Working Capital Cycle: Inventory -> Receivables -> Cash — yaad rakhne ka short form: IRC (Inventory Receivables Cash).
Familiar Examples (Real-life Hinglish)
Example 1 — Capital Budgeting: Suppose tumhare paas ₹10 lakh hai aur do projects hain. Project A se expected cash inflow present value ₹12 lakh, Project B ₹11.5 lakh. NPV ke hisaab se A better hai — simple maths, aur exam mein straight answer.
Example 2 — Leverage: Ek bakery loan leke expand karta hai. Agar sales stable hain, return high hoga; par agar demand gir gayi to interest ka pressure aayega. Yeh real-life students ke liye important case study hai.
Example 3 — Working Capital: Retail store mein inventory turnover fast rakho — slow inventory cash ko bind kar deta hai. Trick: "Sell fast, buy smart".
Exam Tips & Shortcuts
1) Formula bank banao: NPV, IRR, WACC, EPS, ROE waqera — ek page pe sab likh lo.
2) Numerical practice: Har roz 2-3 numerical karo — capital budgeting aur ratio analysis pe focus.
3) Concept clarity: Theory questions short and crisp likho — definition + 2 example lines + conclusion. Structure: Definition, Formula (agar koi), Example, Conclusion — yeh format marks badhata hai.
4) Time management: Numerical pe time limit lagao — agar ek numerical 20 min se zyada le raha ho toh skip kar ke baad mein aao.
Download Notes
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