TAILIEUCHUNG - Knowledges entrepreneurial finance (Sixth edition): Part 2

(BQ) Continued part 1, part 2 of the document Knowledges entrepreneurial finance (Sixth edition) has contents: Working capital management, capital budgeting, personal finance, time value of money - part II, time value of money - future and present value of lump sums. Invite you to refer. | CHAPTER 7 Working Capital Management Learning Objectives When you have completed this chapter you should be able to Understand the general concept of working capital management. Describe the asset categories that are included in working capital management. Determine the methods of managing disbursement and collection of cash to increase business profitability. Understand how a business balances extending credit and its ability to manage increased accounts receivable. Explain how accounts receivable are analyzed. Understand the role that proper inventory management plays in the profitability of a business enterprise. Understand how a business s current liabilities are managed. Understand the relationship between accrued liabilities management and obligations to federal and local government agencies. Understand the relationship of trade and cash discounts to the minimization of accounts payable. Probably one of the most difficult tasks faced by the small business owner is the proper management of working capital. In the normal course of conducting business we accumulate current liabilities that often must be paid in lump sums rent insurance payroll taxes sales taxes and accounts payable are a few examples. Revenues however often flow in a sporadic but somewhat 207 208 Chapter 7 Working Capital Management steady stream and it can be difficult to equate the steady income stream to a lumpy payment schedule. The purpose of this chapter is to assist us in grappling with this problem. WORKING CAPITAL Working capital consists of the current assets and the current liabilities of a business. Current assets as covered in Chapter 3 consist of those items that our business usually converts into cash within 1 year. Current assets also are referred to as gross working capital and consist of cash marketable securities accounts receivable and inventory. Current liabilities are those debts of our company that we usually expect to pay within

• Tài chính doanh nghiệp
• Entrepreneurial finance
• Personal finance
• Working capital management
• Capital budgeting
• Lump sums
• Lecture Entrepreneurial finance
• Tài chính kinh doanh
• Entrepreneurial process
• Entrepreneurship fundamentals
• Entrepreneurial traits
• Business plan
• Business organization
• Measuring financial performance
• Evaluating financial performance
• Financial planning
• Financial capital
• Valuing early stage ventures
• Venture capital valuation methods
• Professional venture capital
• Lecture Entrepreneurship
• Entrepreneurship management
• Technology entrepreneurship
• The entrepreneurial process
• Entrepreneurial marketing
• Entrepreneurial context
• Entrepreneurial growth
• Economic concepts
• Financial management
• Financial statements
• Financing entrepreneurial
• The power of entrepreneurship
• Opportunity recognition
• Business model