The world of corporate finance, and in particular the accounting profession, have undergone serious scrutiny and have been affected by the financial crisis - internationally and locally - over the last few years. In writing the 7th edition of Financial Management, the authors have taken into account important developments including the new Companies Act, King III and the SA Competency Framework. It explains the long-term impact that they have on corporate finance and focus on developments in capital markets, tax legislation, ethics and professionalism, strategy, risk management and governance, as well as the integration of information technology (with specific reference to the SA Competency Framework). In addition, real work examples have been added, with existing examples being updated and/or expanded on. The authors have also expanded on the professional examination sections, in particular the questions from SAICA's board exams (Part I and II). In short, a high level of integration within the area of financial management is contained in this new edition.