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

Tennent, John

Softcover

ISBN 10: 1846685974 ISBN 13: 9781846685972

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

Book Description:

For all businesses that want to avoid a credit crunch, this guide will be invaluable

From the Back Cover:

Guide to Cash Management

The credit crunch highlighted to businesses the importance of cash management, as those firms that ran short of cash discovered when they found themselves unable to increase their borrowings. Some could not survive and 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 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 consuming;

• having a plan for managing excess cash that exceeds demand.

Cash flow rather than profit has always been the ultimate determinant of whether a business survives, and for all businesses that want to avoid a credit crunch, this guide will be invaluable.

About this edition

• Publisher: Economist Books
• Publication date: 2012
• ISBN 10: 1846685974
• ISBN 13: 9781846685972
• Binding: Paperback
• Number of pages: 224