Publisher's Synopsis
Improving cash positions and finding ways to make cash work harder - for healthy and troubled businesses alike - is the name of the game in the 1990s. Financial managers, small business managers, accountants and managers in retail-oriented financial institutions can learn to master all aspects of cash management in this intensive 36-hour course. Beginning with an introduction to cash flow, the book covers paper payment systems; electronic payment systems; effective communications systems for interfacing with financial partners (including Electronic Data Interchange); understanding and analyzing bank balances; handling accounts payable and receivable; credit and collections; financial forecasting; and discussion of international issues, such as multiple currency issues and foreign exchange risks and strategies, to better equip readers for dealing with the international marketplace.;Special features of this book include: techniques for improving cash positions and advice on how to make cash work harder; step-by-step plans for quick mastery of cash management; a study plan that maps out completion strategy; sets of problems that illustrate applications, and test comprehension; a final examination that test cumulative knowledge of the course material, which can be submitted and redeemed for a Certificate of Achievement in cash management; and suggestions for dealing with cash excess or shortfalls, such as short-term investment and borrowing strategies.
