January 2018
Beginner
976 pages
142h 14m
English
book
Principles of Managerial Finance, 15th Edition
by Scott B. Smart, Chad J. Zutter, Lawrence J. Gitman
Content preview from Principles of Managerial Finance, 15th Edition
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Part Seven Short-Term Financial Decisions
Short-term financial decisions are guided by the same financial management principles as long-term financial decisions, but the time frame is different: days, weeks, and months rather than years. Working capital management focuses on managing short-term cash flows by evaluating their timing, risk, and impact on firm value. Although long-term financial decisions ultimately determine the firm’s ability to maximize shareholder wealth, long-term outcomes may not even be realized if financial managers fail to make effective short-term financial decisions.
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