1. Lecture Series Unit No. 1:
Topic: (1) Financial Markets and
Institutions
(Course: Forensic Accounting & Homeland Security, GFSU)
CA Vikram Shankar Mathur
BA (Eco) Hons, FCA, DISA (ICAI), FAFP (ICAI)
Contact No: +91-9998090111 or +91-8460890111.
Email: vsmathurco@gmail.com or vsmathur@ahmedabadfca.com
Website: http://vsmathur.co.in and http://ahmedabadfca.com
FB Profile(s): http://fb.me/vsmathurco or http://fb.me/vsm.ahmfca
FB Page: http://fb.me/fcavsmathur.faculty

2. Quick Recap of the last lecture
• Financial Management (aka corporate finance / management finance) is broadly concerned with acquisition
and use of funds by a business firm.
• FM emerged as a field of academic study by the turn of this century. Evolution can be divided into 3 broad
phases (a) Traditional phase (b) Transitional phase and (c) Modern phase.
• Goal of FM generally understood as maximizing present wealth of the firms equity shareholders.
Conceptually superior to alternative like maximization of profit, maximization of Earnings per Share (EPS)
and maximization of Return on Equity (ROQ).
• Business firms may or ought to pursue other goals. When these other goals enter into conflict with wealth
maximization, trade-off has to be introduced.
• Two basic dimensions of financial analysis: Risk and Return. Other things being equal, the higher the risk,
lower the market value and lower the risk, higher the market value.
• FM is an integral part of managers involved in planning, resource allocation and control. There are many
other tasks of FM which require specialization like accounting etc which would be attended to by specialists.
• Financial managers in India have to cope with the following: Restrictions on capital structure; fewer
instruments of financing; rationing of bank credit; restriction on investment opportunities; poorly developed
securities market; greater uncertainty in input supply and tardy bureaucracy.
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3. Financial Markets and Institutions
• Forms of Business Organization
• Financial System
• Regulatory Framework
• Tax System
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4. Forms of Business Organization
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•Separate Legal Entity
•Stockholders
•Board of Directors
•Hybrid between
Partnership &
Corporation
•Allows for partnership
with Limited Liability
•Shared Agreement
•More Capital
•Less Regulated
•Easy to start
•More Control
•All the profits
Sole
Proprietorship
Partnership
CorporationLLP / LLC

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15. Financial Markets
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19. Indian Tax Structure
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28. Thank you for your patience!!
CA Vikram Shankar Mathur
+91-9998090111 / +91-8460890111
(Available on WhatsApp on both numbers, anytime)
vsmathurco@gmail.com vsmathur@icai.org
FB Page: http://fb.me/fcavsmathur.faculty
Website: http://fcavsmathurfaculty.wordpress.com