VNSGU / Saurashtra University · Financial Management
Download B.Com Sem 4 Financial Management previous year question papers (2019–2024) from VNSGU — Veer Narmad South Gujarat University. Free PDF preview and download with verified step-by-step solutions.
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Meaning, Nature, Scope, and Objectives of Financial Management (Profit Maximization vs Wealth Maximization), Time Value of Money (Present Value, Future Value, Annuities), Capital Budgeting Evaluation Techniques (Non-discounted: Payback Period, Accounting Rate of Return — ARR; Discounted: Net Present Value — NPV, Internal Rate of Return — IRR, Profitability Index — PI), Cost of Capital (Cost of Debt, Cost of Preference Capital, Cost of Equity, Weighted Average Cost of Capital — WACC), Capital Structure Theories (Net Income approach, Net Operating Income approach, Modigliani-Miller theorem), Leverage Analysis (Operating Leverage, Financial Leverage, Combined Leverage, EBIT-EPS analysis, Indifference Point), and Working Capital Management (Operating Cycle concept, Estimation of Working Capital requirements).
In Advanced Income Tax PGBP problems, always check whether expenses are business-related: Income Tax, Wealth Tax, Advance Tax, and Personal Drawings are DISALLOWED and must be ADDED BACK to Net Profit.
Important Exam Focus: Working Capital Estimation statement using the Operating Cycle method calculating raw material, WIP, finished goods, debtors, and creditors; Capital Budgeting comparison of two mutually exclusive projects using Net Present Value (NPV) and Payback Period; Operating, Financial, and Combined Leverage calculation with EBIT-EPS analysis.