Improving Working Capital Management

Improving Working Capital Management Definition

Working capital management is the process of ensuring that all aspects of the operating cycle of the business run efficiently: “stocks are maintained at the minimum level necessary to meet the needs of production and of customers; debtors and creditors are settled promptly and bad debts are minimised, and finally, cash is put to use quickly within the business or is returned to investors” (Ryan, 2004, p. 356).

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Improving Working Capital Management references (4 of up to 20) *

• Arnold, G. (2008) Corporate Financial Management, Pearson Education, Essex, UK.
• CIMA (2005) CIMA Official Terminology, The Chartered Institute of Management Accountants, Oxford, UK.
• CIPS (2010) The Business Case for P-cards, CIPS, Australia.
• Howorth, C. and Westhead, P. (2003) The Focus of Working Capital Management in UK Small Firms, Management Accounting Research, Vol. 14 (2), pp. 94-111.

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