The Economist Guide to Cash Management: How to avoid a business credit crunch - Hardcover

Tennent, John

Hardcover

ISBN 10: 1846683416 ISBN 13: 9781846683411

Publisher: Economist Books, 2012

Synopsis

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.

About this title

About the Author

John Tennent is co-author of The Economist Guide to Business Modelling. He is an accountant, who for the past 20 years has been involved in training and consultancy with firms such as Unilever, BOC, BAE, Kraft, Thomson Corp, Cable & Wireless, BT, St Gobain and EMI.

Edition details

• Publisher: Economist Books
• Publication date: 2012
• Language: English
• ISBN 10: 1846683416
• ISBN 13: 9781846683411
• Binding: Hardcover
• Number of pages: 224