December 2025
Intermediate to advanced
561 pages
27h 17m
English
book
International Financial Management: An Analytical Framework, 2nd Edition by Pearson
by Thummuluri Siddaiah
Content preview from International Financial Management: An Analytical Framework, 2nd Edition by Pearson
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386 INTERNATIONAL FINANCIAL MANAGEMENT
balances in their bank accounts to issue cheques against their accounts. At the end of the day,
just enough funds are transferred automatically from the master disbursing account to the
subsidiary accounts to cover the cheques presented for collection. The subsidiary accounts
will have a zero balance at the end of the day. Therefore, the zero-balance account eliminates
the need to estimate and maintain the cash balance of each disbursement account. This will
ultimately lead to increased efficiency in cash disbursements.
With developments in information technology, MNCs have been able to use the elec-
tronic ...
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