This comprehensive textbook is tailored to the needs of first-year BCom students studying Financial Management, offering a clear and structured introduction to core financial concepts and practices. The book is divided into four well-defined modules, each focused on key areas of financial decision-making and company law that students must understand at the foundational level. Module 1: Valuation Techniques The first module focuses on the critical skills needed to value key business assets. Topics covered include: Valuation of Goodwill through methods such as the Maintainable Profit Method, Super Profit Method, Capitalization Method, and Annuity Method, helping students grasp the importance of goodwill in financial reporting. Valuation of Shares, with emphasis on the Intrinsic Value Method, Yield Method, and Fair Value Method, providing students with the tools to assess a company’s share value based on different financial indicators. Module 2: Equity Share Buyback The second module delves into the process of equity share buybacks, a significant aspect of corporate finance. It explores: Legal provisions under company law related to buyback of shares, including restrictions, powers, and the transfer to the Capital Redemption Reserve Account. Compliance with conditions such as the sources of funds, maximum limits, and debt-equity ratio, ensuring students understand the practical aspects of managing a company’s share capital. Module 3: Redemption of Preference Shares Module three covers the redemption of preference shares, offering a detailed examination of: Legal provisions in the Companies Act, focusing on the sources for redemption including divisible profits and proceeds from the fresh issue of shares. The creation and utilization of a Capital Redemption Reserve Account, along with guidelines for redeeming preference shares, ensuring students are well-versed in corporate finance practices for managing capital structure. Module 4: Redemption of Debentures The final module discusses the redemption of debentures, highlighting important mechanisms such as: Redemption through payments from various sources, including capital and/or profits, and the creation of a Debenture Redemption Reserve. The use of debenture redemption sinking funds (excluding insurance policies), as well as the option to redeem debentures through conversion into new classes of shares or debentures, whether at par, premium, or discount. Through concise explanations and practical examples, this book provides first-year BCom students with a solid understanding of financial management principles. Each module is structured to build foundational knowledge, ensuring students are equipped to analyze financial decisions effectively and in compliance with legal requirements.