Working Capital and Strategic Debtor Management

Robert Alan Hill
Working Capital and Strategic Debtor
Management
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2

Robert Alan Hill
Working Capital and Strategic Debtor
Management
Download free eBooks at bookboon.com
3

Working Capital and Strategic Debtor Management
1
st
edition
© 2013 Robert Alan Hill &
bookboon.com
ISBN 978-87-403-0335-3
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Working Capital and Strategic
Debtor Management
4
Contents
Contents
About the Author 8
Part One: An Introduction 9
1 An Overview 10
1.1 Introduction 10

1.2 Objectives of the Text 10
1.3 Outline of the Text 11
1.4 Summary and Conclusions 14
1.5 Selected References 14
Part Two: Working Capital Management 16
2 e Objectives and Structure of Working Capital Management 17
2.1 Introduction 17
2.2 e Objectives of Working Capital Management 19
2.3 e Structure of Working Capital 20
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Working Capital and Strategic
Debtor Management
5
Contents

2.4 Summary and Conclusions 23
2.5 Selected References 24
3 e Accounting Concept of Working Capital: A Critique 25
3.1 Introduction 25
3.2 e Accounting Notion of Solvency 26
3.3 Liquidity and Accounting Protability 28
3.4 Financial Interpretation: An Overview 29
3.5 Liquidity and Turnover 32
3.6 Summary and Conclusions 37
4 e Working Capital Cycle and Operating Eciency 39
4.1 Introduction 39
4.2 e Working Capital Cycle 39
4.3 Operating Eciency 41
4.4 Summary and Conclusions 46
5 Real World Considerations and the Credit Related Funds System 47
5.1 Introduction 47
5.2 Real World Considerations 48
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