A01=John Tennent
Author_John Tennent
Category=KJMV1
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eq_business-finance-law
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eq_nobargain
eq_non-fiction
Product details
- ISBN 9781846685972
- Weight: 220g
- Dimensions: 134 x 214mm
- Publication Date: 29 Mar 2012
- Publisher: Profile Books Ltd
- Publication City/Country: GB
- Product Form: Paperback
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The credit crunch highlighted to businesses the importance of cash management, as those firms which ran short of cash discovered when they found themselves in trouble or even went bust.This tightly-written guide clearly explains the six critical aspects of the effective management of cash and cash flow. These involve:
·forecasting likely cash receipts and payments
·establishing funding lines necessary to cover asset purchases or for working capital
·efficiently managing day-to-day operations with regard to the amount of cash required
·selecting appropriate investment opportunities that result in positive cash flow
·monitoring the profitability of products and services to ensure they are cash generative and not cash destroying,
·having a plan for managing excess cash that exceeds demand
Cash rather than profit has always been the ultimate determinant of whether a business survives.
John Tennent is a chartered accountant who runs Corporate Edge, a consultancy and training company. He is the author of The Economist Guide to Financial Management [9781861978097] and co-author of The Economist Guide to Business Modelling [9781846683831].
