Description

It discusses the concepts of working capital management in a simple and an easy-to-understand language. It reflects the theoretical and practical forces that have brought about dramatic changes in the management of working capital. The aim of this book is to provide a strong conceptual foundation (both pragmatically and theoretically) to build the future financial activities and decisions.

Beginning with an introduction to the subject, the book discusses the working capital policies and cash management systems – collection systems, cash concentration systems and disbursement systems. then it moves on to discuss cash flows, corporate liquidity and financial flexibility, optimisation models, receivables management, accounts receivables, short-term financing, inventory management, and banking systems – national and international. The book concludes with the discussions on portforlio management and international financial transactions.

This book is suitable for postgraduate students of Business Administration (M.B.A.), Commerce (M. Com.) and Business Economics, students of CA, CS and other professional courses.