TAILIEUCHUNG - Lecture note Essentials of corporate finance – Chater 17: Working capital management

This chapter include objectives: Understand how firms manage cash and various collection, concentration and disbursement techniques; understand how to manage receivables and the basic components of credit policy; understand various inventory types, different inventory management systems and what determines the optimal inventory level. | 17- Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 17- Key Concepts and Skills Understand How firms manage cash and various collection, concentration, and disbursement techniques How to manage receivables, and the basic components of credit policy Various inventory types, different inventory management systems, and what determines the optimal inventory level 17- Chapter Outline Float and Cash Management Cash Management: Collection, Disbursement, and Investment Credit and Receivables Inventory Management Inventory Management Techniques 17- Reasons for Holding Cash John Maynard Keynes Speculative motive = take advantage of unexpected opportunities Precautionary motive = in case of emergencies Transaction motive = to pay day-to-day bills Trade-off: opportunity cost of holding cash vs. transaction cost of converting marketable securities to cash 17- Understanding Float Float = difference .

• Tài chính doanh nghiệp
• Corporate finance
• Essentials of corporate finance
• Financial management
• Business finance
• Business organisation
• Working capital management
• Intermediate corporate finance
• Lecture Intermediate corporate finance
• Tài chính doanh nghiệp
• Corporate valuation
• Value based management
• Fundamentals of corporate finance
• Business organization
• International corporate finance
• Capital market history
• Raising capital
• Financial leverage
• Financial reporting
• Social welfare
• Forward contracts
• The stock markets
• Basic return concepts
• Portfolio theory
• Bond valuation
• Basic stock valuation
• Accounting for financial management
• Analysis of financial statements
• Financial planning
• Forecasting financial statements
• Capital budgeting
• Decision criteria
• Estimating cash flows
• Real options
• Capital structure decisions
• The levered firm
• Cash management
• Financial distress
• Hedging risk
• Warrants and convertibles
• Principles of corporate finance
• Understanding options
• Valuing options
• Financial analysis
• Financial manager
• Financial institutions