Principles of Financial Management

This book was specifically written for third year financial management or accounting students at technikons. Its main purpose is to assist students in their understanding of the basic concepts underlying analyses of business enterprises. To this end it makes use of the following: Ratio analysis and interpretation; Valuations; Cash flow statements; Extended example/solution format. Principles of Financial Management incorporates both theory and practice, and makes the complexities of accounting practice easy to grasp. It deals with business combinations as extended alternatives and basic to intermediate consolidations of horizontal, vertical and insolvent subsidiaries. The book adopts a uniquely practical approach and each chapter is preceded by study objectives to aid the student.