Financial Management: Turning Theory into Practice, 2nd Edition

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.