Basic principles of financial management

This book is designed as a guide to the world of finance. It provides an opportunity to learn the language of the financial world. It also sets out the concepts and conventions of managerial finance and the main topographical features of the new territory of the statement of financial position, (balance sheet) income statement and cash flow statement. The information is offered in as simple a manner as the subject matter allows. Even a layman will glean valuable tips on how to manage finance in terms of systems and units of administration, and thus be better equipped to understand financing and investment decisions. The book is ideal for the first year student as additional reading material in order to grasp basic concepts. The book is also written for executive courses such as 'Financial Management for Non-Financial Managers". Given the above, the book can be subscribed by all universities offering financial management as a subject, as well as all other organisations offering executive training. The book is also ideal as reading material for non-financial managers that want to get to grips with the basic principles of the subject matter.