An overview of the principles of financial management required to contribute favourably to the long-term sustainability of a company. Explains the financial goals of a company and illustrates how the principles of finance should be applied in creating wealth as opposed to simply maximising profit. Aimed at managers in large and small companies as well as professionals such as engineers, architects, attorneys and medical doctors in private practice. Contents include the following: • The long- and short-term goals of a firm in view of its operating environment • Analysing and interpreting financial statements • Financial planning and budgeting • Using a financial calculator and MS Excel • Evaluating new investments by means of capital budgeting • Managing the cash flow of a firm • Contributing to the risk management of the firm to ensure long-term sustainability