Some Basic Tips of Cash Management in Your Business
- Topics:
- Decision Analysis,
- Working Capital
- Tags:
- Business Operations,
- Cash Management,
- Finance,
- Financial Accounting,
- Financial Statements,
- Management,
- Managerial Accounting,
- Operational Planning,
- Working Capital
- Source:
- KRL Consultants and Publishers
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Overview: Cash is probably the most vulnerable asset in any organization. Cash is often improperly monitored by management or ignored all together. Effective cash management is imperative in every business organization, whether for-profit or not-for-profit. Effective cash management must incorporate accuracy, completeness, authorization, existence, disclosure and reporting over all cash activities and the cash cycle within the organization. Management requires these controls over cash so that future business planning, forecasts, and projects can be made, as well as for the production and issuance of the entity's financial statements to stockholders, investors, and financiers. Article lists the major points that are necessary in a FIS cash management policy which are help in taking decision and managing working capital as cash is a important element of working capital.
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Format: HTML | Date: Jan 2003 | Pages: 1
