Description
Book SynopsisAs soon as a firm starts operating and furthermore, the moment it starts to grow, it needs to come to a decision about how to invest funds, how much cash and inventory to hold on to, how much financing to provide to customers, how to obtain the necessary funds, how much debt to take on and in which terms-all the answers to these questions have serious consequences for a firm''s cash flow and profitability.Working Capital Management is a hands-on look at the crucial decision of how to define and finance the operating investments of a business. Starting with an overview of the fundamental framework of corporate finance, the authors set out to define the central, and usually underestimated, role that working capital plays within this structure. They show not only how to prevent the losses that result from mishandling of working capital, but also how to fully exploit the strategic potential that intelligent, expert management of working capital allows. The book is the first to emphasize th
Trade ReviewGiven the breadth of recent capital market disruptions, companies have undergone a thorough reevaluation of their capital structure objectives. Working capital management choices have become strategically more important as they have a direct impact into financial sustainability. This book gives light to a very complex subject in a very easy to understand manner. * Lisandro Miguens, Managing Director, Senior Country Officer, J.P. Morgan *
Table of ContentsPreface Introduction Chapter 1: Corporate Finance Chapter 2: Working Capital Chapter 3: Working Capital, Seasonality, and Growth Chapter 4: Financial Analysis and Working Capital Chapter 5: Cash Management Chapter 6: Managing Account Receivables Chapter 7: Managing Inventories Chapter 8: Managing Account Payables Chapter 9: Short-term Debt Chapter 10: Working Capital and Corporate Strategy Chapter 11: Working Capital Financing Costs Chapter 12: Patterns in Working Capital Notes References Index
