This paper will examine the real impact of culture on financial management. Before moving on to what I consider to be not only a factually inept argument regarding cultural influence on the economy, but also a grossly illusory and rather prejudiced view, I must first provide some sort of context to what I am referring. The assignment asks me to determine whether the financial management framework can be applied to any country or culture. The simple and short answer to this question is “no”, financial management is different depending on the country and/or culture. For example, Germans do not adhere to the same type of financial structure as North Americans, nor do Muslims have the same type of financial system as the West. Simply put, different cultures and countries have different financial institutions and/or governments, as well as different values, attitudes and preferences. More broadly, the assignment asks me to discuss the role of culture in finance, which, in my opinion, has no real correlation with the economy or its financial institutions. Let me first clarify that I am not the only one with my beliefs on this issue. Many economists are reluctant to consider culture because it is too broad and vague to enter economic discourse with a testable hypothesis (Guiso, Sapienza & Zingales 2006 p.1). This, however, has not stopped the insurgency of sociologists who enter the field of economics with more powerful measurement tools to support their exaggerated claims of cause and effect, of culture on economics. . More specifically, these sociologists and economists contest Marx's assertion that “the mode of production of material life conditions the process of social, political, and intellectual life in general” (Marx 1859). In other words, economic conditions ...... middle of article ...... are acting but the reasons and dubious data provided to support such an assumption are not sufficient for a direct correlation occur, therefore made to such weak and morally dubious people. Reference listDar, AH and Presley, RJ (2001) Lack of Profit Loss Sharing in Islamic Banking: Management and Control Imbalances, University of LoughboroughDiamond, J. (1997 ) Guns, Germs and Steel: A short history of everything for the last 13,000 years, London: Vintage, 2005Guiso, L., Sapienza, P. and Zingales, L. (2006) DOES CULTURE AFFECT ECONOMIC RESULTS ?, The Journal of Economic ProspectiveGRAY, JS (1988) Towards a theory of cultural influence on the development of accounting systems internationally University of Glasgow, ScotlandMarx, Karl (1859) A Contribution to the Critique of Political Economy, International Publishers, New York, 1979,