Herdan, Agnieszka ORCID: https://orcid.org/0000-0002-6514-2021 (1999) Wybrane narzedzia wspomagajace proces zarzadzania srodkami pieniezynymi w przedsiebiorstwie / Selected Instruments of Cash Management. Zeszyty Teoretyczne Rady Naukowej Stowarzyszenie Ksiegowych w Polsce / Scientific Journal of Polish Accounting Association, 50. pp. 30-43. ISSN 0137-2211

Preview

PDF (Scan of Published Arricle) 22305 HERDAN_Selected_Instruments_of_Cash_Management_1999.pdf - Published Version Download (5MB) | Preview

Abstract

The rapidly changing conditions of the economic environment require from companies more flexibility and adaptability. Ensuring liquidity is becoming a more and more important task. The deficit of cash and its implication resulted in increasing the role of efficient cash management.

Cash resources constitute of the most liquid component of the company's assets. At the same time, it is an asset that does not bring income if left in a bank account but creates relatively high opportunity costs. At the same time, the efficient operation of a company is impossible without having a sufficient level of cash.

The growing opportunities cost, related to the need to maintaining an adequate level of cash, will force managers to look for tools that enable effective management of these funds. One of such tools is cash budgeting. It provides much more detailed information about future cash flows than forecasts of financial statements. Cash budgeting allows determining the state of cash funds at a given moment of time and active control of the flow of these funds.

Item Type:	Article
Uncontrolled Keywords:	cash management, liquidity, bankruptcy
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of Accounting & Finance
Last Modified:	17 Jan 2019 17:36
URI:	http://gala.gre.ac.uk/id/eprint/22305

Actions (login required)

View Item

Downloads