August 2011
Beginner
547 pages
16h 12m
English
Content preview from Fundamentals of Financial Management, Third EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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9.2 MANAGING CASH INFLOWS AND OUTFLOWS
After the cash requirements are assessed, the finance manager then strives to make do with a minimum level of cash. If the time lag between the cash inflows and cash outflows is significantly reduced, the cash requirement will definitely be lower. To this end, the finance manager expedites cash collection or cash inflows and controls disbursements or cash outflows.
9.2.1 The Concept of Float
The process of accelerating cash collection and controlling disbursements is essentially related to the concept of float. Float represents the difference between the cash balance appearing in the bank records and that appearing in the firm’s books. It may be either negative or positive. A negative float occurs when the ...
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