|Financial Management: Turning Theory into Practice is an accessible and principles-based financial management textbook for second- and third-year students, as well as students enrolled in Honours courses.
The book shows that the financial decisions made by financial managers do not rely solely on economic models, but also on stakeholder behaviour and management practices. These aspects are highlighted in both the theoretical and practical aspects of the book in an understandable format. By referring to a financial management cycle focused on creating value, the authors illuminate the connections between the activities undertaken by these managers – and emphasise the impact of their decisions on the business.
Financial Management illustrates how the discipline and practice has changed in response to the fallout from the 2008 financial crisis, ongoing debates about corporate governance, research on behavioural finance, and the unfolding consequences of the coronavirus pandemic.
The book follows the SAICA syllabus for financial management, but also takes the skills required by the CIMA syllabus into account. Its guided approach aims to produce graduates who possess technical competence, practical insight, and both managerial and leadership qualities.