Financial Management

Recent developments in financial markets and the movement towards a global economy have resulted in finance becoming pervasice at all levels of management. "Financial Management" explores the underlying thories of finance, and examines the practical application of these theories in a southern African environment. While the book is intended primarily for students studying towards the Qualifying Examination of the Public Accountants' and Auditors' Board, the structure of the text should make it suitable for a wide range of applications, including executive courses in financial management. The third edition has been restructured and includes additional chapters. Capital structure and dividend policy have been expanded into separate chapters, and a new chapter on financial engineering has been added. Emphasis is placed on the use of computer spreadsheets for solving financial problems, and new questions have been added to the end of each chapter. A solutions manual is also available.