Management Finance (10th Edition)

Description:

Success in South African business requires a firm grasp of local financial principles. Management Finance is the definitive text for students needing a practical, “easy-to-understand” introduction to financial management. This 10th edition continues to be the benchmark for teaching how to maximize firm value while navigating the specific economic conditions of the South African landscape.

Why This Textbook is a Student Essential:

• Local Context: Fully updated with South African tax laws, financial reporting standards, and JSE (Johannesburg Stock Exchange) examples.

• Clarity Over Complexity: It breaks down “heavy” financial concepts into manageable steps, making it perfect for students who are not necessarily majoring in finance.

• Comprehensive Toolkit: Covers everything from basic financial statement analysis to complex capital budgeting and working capital management.

• Exam Ready: Packed with local case studies, self-assessment questions, and practical examples that mirror university exam formats.

Key Topics Covered:

• Analysis and Interpretation of Financial Statements.

• The Time Value of Money (TVM) in a local context.

• Risk and Return profiles for South African businesses.

• Capital Budgeting techniques (NPV, IRR, and Payback Period).

• Management of Working Capital (Inventory, Debtors, and Cash).

• Sources of Finance and the Cost of Capital.

Key Specifications:

• ISBN-13: 9781776177608

• Editor: Niël Du Toit (and contributors)

• Publisher: LexisNexis South Africa

• Edition: 10th Edition

• Format: Physical Paperback