Financial Management: Turning Theory into Practice

Financial management: Turning theory into practice is an accessible and principles-based financial management textbook for undergraduate and Honours Accounting students. The book takes cognizance of changes in the economic environment and their implications for the role of financial management and the teaching of the subject. Financial management follows the SAICA syllabus for financial management but also takes the skills required by the CIMA syllabus into account. It acknowledges the intent behind the SAICA Competency Framework to develop problem-solving, critical thinking and ethical business leaders, but at the same time provides academic and financial literacy support to students. This guided approach serves to produce both technically competent students as well as students who will be capable financial leaders in the workplace. Financial management supports students in the following ways: - Opening case studies engage student interest and illustrate why the principles that will be dealt with in the chapter are important for the successful financial management of South African companies. - Critical thinking boxes encourage students to think deeply about the consequences of various actions in the business environment, such as implementing financial performance measures, thereby developing their reasoning skills. - Worked examples guide students through problems in a step-by-step manner and give them confidence to tackle questions on their own. -Self-assessment questions test understanding of the key concepts. - 'Finance in action' boxes provide real-life examples of the theory covered in the chapter. The book is aimed at undergraduate and Honours Financial Management students enrolled in BCom Accounting courses at universities, primarily those following a CA route.