SMIT SIR COMMERCE
Commerce Unit 4 · UGC NET + GSET

Unit 4: Business Finance notes

Sources of finance, cost of capital, time value of money, leverage, capital structure, capital budgeting, working capital, dividend decisions and international finance. This unit currently has 4 detailed study PDFs containing 74 pages.

Chapter-wise Unit 4 coverage

Use these chapter divisions as a revision path. Open the shared PDF library when you are ready to read or download the detailed notes.

Unit 4 · Study chapter 1

Scope and Sources of Business Finance, Shares, Debentures, Institutional and Lease Finance

Finance scope, sources, equity and preference shares, debentures, institutional finance, factoring and lease finance.

Open this unit in the PDF library →
19 study pages
Unit 4 · Study chapter 2

Cost of Capital, Time Value of Money, Capital Structure Theories and Leverage

Cost of debt/equity, WACC, TVM, leverage, EBIT-EPS and NI/NOI/MM/traditional capital structure theories.

Open this unit in the PDF library →
17 study pages
Unit 4 · Study chapter 3

Capital Budgeting: Cash Flows, Payback, ARR, NPV, IRR, PI and Risk

Relevant project cash flows, payback, ARR, discounted payback, NPV, IRR, PI, rationing and risk.

Open this unit in the PDF library →
16 study pages
Unit 4 · Study chapter 4

Working Capital, Dividend Decisions, Risk-Return, Securitization and International Finance

Operating cycle, dividend theories, CAPM, securitization, forex, hedging and multinational finance.

Open this unit in the PDF library →
22 study pages

How to study this unit efficiently

Start with the chapter that contains your weakest concepts, note definitions and relationships, then test recall before moving to the next chapter. After one complete pass, revise the unit as a connected topic instead of memorising isolated lines.

Unit 4 questions students ask

How many PDFs are in Unit 4?

Unit 4 currently contains 4 chapter-wise study PDFs with 74 pages in total.

What does Unit 4 cover?

Sources of finance, cost of capital, time value of money, leverage, capital structure, capital budgeting, working capital, dividend decisions and international finance.

Can these notes be used for both UGC NET Commerce and GSET Commerce?

They are organised as shared Commerce subject study material for areas that overlap across the two exams. Always compare your preparation with the current official syllabus and notification for the exam you are taking.

← Unit 3: Business EconomicsUnit 5: Statistics & Research Methods →