October 2013
Beginner
608 pages
30h 22m
English
book
Introduction to Finance: Markets, Investments, and Financial Management, 15th Edition
by Ronald W. Melicher, Edgar A. Norton
Content preview from Introduction to Finance: Markets, Investments, and Financial Management, 15th Edition
Become 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,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER 15
Managing Working Capital
Chapter Learning Objectives...
AFTER STUDYING THIS CHAPTER, YOU SHOULD BE ABLE TO DO THE FOLLOWING:
- Explain what is meant by a firm's operating cycle and its cash conversion cycle.
- Describe the impact of the operating cycle on the size of investment in accounts receivable and inventories.
- Explain how seasonal and cyclical trends affect the operating cycle, cash conversion cycle, and investments in current assets.
- Explain how a cash budget is developed and how a treasurer will use it.
- Describe the motives underlying the management of cash and marketable securities.
- Briefly explain what is involved in accounts receivable management and indicate how it is carried out.
- Describe inventory management from the standpoint of the financial manager.
Where We Have Been...
The previous chapters have introduced us to financial statements and some ways they can help managers and investors. Financial statements contain data that are used to do ratio analysis and long-term financial planning. In addition to helping users identify trends, ratio analysis can help users analyze a firm's operating condition and can help with short-term financial planning.
Where We ...
Become 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,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.