Includes bibliographical references and index.

Scope of Financial Management. Balance Sheet. Income Statement. Interpretation. Cash Flow Statements. Costing. Overhead Costs. Standard Costing. Budgetary Control. Marginal Costing. Differential Costing. Capital Budgeting. Raising Permanent and Long Term Finance. Gearing - Cost of Capital. Management of Working Capital. Changing Price Levels. Pricing. Performance Analysis. Appendix: Answers to End of Chapter Questions.

This text introduces financial and costing information which is helpful in decision-making and allows managers to communicate more effectively with their accountants. The principles are clearly and concisely stated enabling the reader to quickly grasp each topic. Practical examples are introduced wherever possible to relate the principles to the reader's own experience. This edition builds on the success of earlier editions with a chapter on pricing and more detailed explanation of marginal costing. Easy to follow examples reinforce principles. Each topic is related to a practical problem. It includes a chapter on pricing. The concepts are explained in everyday English.