The Economist Guide to Cash Management
How to avoid a business credit crunch
1st Edition
Published on 29. March 2012
344 pages
978-1-84765-181-5 (ISBN)
Description
The credit crunch highlighted to businesses the importance of cash management, as those firms which ran short of cash discovered when they found themselves in trouble or even went bust.This tightly-written guide clearly explains the six critical aspects of the effective management of cash and cash flow. These involve:
?forecasting likely cash receipts and payments
?establishing funding lines necessary to cover asset purchases or for working capital
?efficiently managing day-to-day operations with regard to the amount of cash required
?selecting appropriate investment opportunities that result in positive cash flow
?monitoring the profitability of products and services to ensure they are cash generative and not cash destroying,
?having a plan for managing excess cash that exceeds demand
Cash rather than profit has always been the ultimate determinant of whether a business survives.
?forecasting likely cash receipts and payments
?establishing funding lines necessary to cover asset purchases or for working capital
?efficiently managing day-to-day operations with regard to the amount of cash required
?selecting appropriate investment opportunities that result in positive cash flow
?monitoring the profitability of products and services to ensure they are cash generative and not cash destroying,
?having a plan for managing excess cash that exceeds demand
Cash rather than profit has always been the ultimate determinant of whether a business survives.
More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Profile Books Ltd
Target group
College/higher education
Professional and scholarly
ISBN-13
978-1-84765-181-5 (9781847651815)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Book
03/2012
Economist Books
€19.00
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Book
03/2012
Economist Books
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Person
John Tennent is a chartered accountant who runs Corporate Edge, a consultancy and training company. He is the author of The Economist Guide to Financial Management [9781861978097] and co-author of The Economist Guide to Business Modelling [9781846683831].
