Now in its 10th edition, Financial Management is the leading text on the theory and application of corporate finance in southern Africa. Set against the backdrop of recent developments in financial markets, instruments, and financial theory, the text refers to real-world applications and financial decisions by South African companies. 

Chapter 1 Overview of financial management 
Chapter 2 The time value of money 
Chapter 3 Risk and return 
Chapter 4 Portfolio management 
Chapter 5 Financial statement analysis 
Chapter 6 Valuations 
Chapter 7 The cost of capital 
Chapter 8 Capital budgeting 
Chapter 9 Further issues in capital budgeting 
Chapter 10 Capital budgeting: Risk analysis 
Chapter 11 Working capital 
Chapter 12 Current asset management and short-term financing 
Chapter 13 Sources of finance 
Chapter 14 Capital structure 
Chapter 15 Leasing 
Chapter 16 Dividends and share buy-backs 
Chapter 17 Mergers, acquisitions, and corporate restructuring
Chapter 18 Risk management and derivatives 
Chapter 19 International financial management 
Chapter 20 Business planning and financial modelling 
Chapter 21 Corporate strategy and business models

• Undergraduate and postgraduate commerce or business students 
• ITC and APC candidates 
• Practising accountants 
• Internal and independent auditors 
• Business managers, corporate finance practitioners, strategists and analysts