Financial Management for Non-Specialists

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9780273657491: Financial Management for Non-Specialists

This text adopts an open-learning approach to introduce the main principles of financial management in an accessible, non-technical way. It presents a comprehensive range of topics, but avoids too much detail and unnecessary mathematical analysis, focusing more on the practical application of financial management and its role in decision-making. This, coupled with the excellent pedagogical features, with clear worked examples and activities integrated throughout, makes it the ideal introductory text for non-specialist students taking a first course in financial management. Financial Management for Non-Specialists is aimed both at undergraduates from a non-finance/accounting discipline, taking an introductory module in financial management and postgraduate/experienced students on courses such as the ACCA Diploma in Financial Management, Diploma in Management and MBA programmes. The text is also ideal for finance and accounting students as a foundation for further study.

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Enables non-specialist managers and students to understand enough financial management to succeed in their own careers. Covers financial planning and projected financial statements; analysis of financial statements; capital investment appraisals; and risk/return issues. Also introduces the sources and cost of capital, establishing dividend policies, the management of working capital, and the role of mergers, takeovers and share valuation. For non-specialists who need to understand enough financial management to succeed in their own careers.

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