How To Improve Working Capital Management
- Topics:
- Working Capital
- Tags:
- Asset,
- Asset Management,
- Business Operations,
- Finance,
- Managerial Accounting,
- Operational Planning,
- Streetdirectory,
- Working Capital,
- Working Capital Management
- Source:
- Streetdirectory
FREE Registration is required
Overview: "Cash is the lifeblood of business" is an often repeated maxim amongst financial managers. Working capital management refers to the management of current or short-term assets and short-term liabilities. Components of short-term assets include inventories, loans and advances, debtors, investments and cash and bank balances. Short-term liabilities include creditors, trade advances, borrowings and provisions. The major emphasis is, however, on short-term assets, since short-term liabilities arise in the context of short-term assets. It is important that companies minimize risk by prudent working capital management.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Jan 2009 | Pages: 3
