Financial Management is an entry-level textbook for students taking courses in financial management within a wide range of BCom degrees with a managerial decision-making orientation. The book is suitable for students following a management or a finance route rather than an Accounting route. It covers the second and third year syllabi for financial management in a student friendly format and in clear and understandable way. The book is written by lecturers at a range of South African institutions, ensuring that the book only covers what is relevant to the way financial management is taught in South Africa. Wherever relevant the text will refer to South African business contexts and specific South African issues, and regulations such as the Third King Report on Corporate Governance. Financial concepts are illustrated and applied through the examination of financial statements of South African companies as well as through the use of case studies. This enables students to analyse the solvency of companies and make informed decisions for the financial management of the company, while retaining a broader understanding of the financial environment globally and locally.