idea for this book arose because of the need for a textbook in financial
management suited to the East African context. It emerged from our experience
of teaching financial management both at the university and professional levels
over many years. It provides strong theoretical foundations in financial
management while also emphasizing practical applications of concepts. The book
is suitable for students pursuing professional courses in the revised Certified
Public Accountants (CPA),
Certified Public Secretaries (CPS), Certified Securities and Investments,
Certified Credit Professionals (CCP), Certified Management Technicians (CMT)
and Investment and Securities Technicians (IST) qualifications. Students
pursuing financial management qualification for other professional courses in
finance and banking will also find the book useful.
We acknowledge the permission to use past examination question papers granted to my publishers, Focus Publishers Ltd, by the Kenya Accountants and Secretaries National Examination Board (KASNEB).