Chapter Name: Short term financial management and the management of working capital
Description:Learners explore strategies for managing short-term finances, including cash flow management, credit control, and working capital optimization.
Purpuse:To enable learners to maintain liquidity and ensure the smooth day-to-day operation of retail businesses.
Rational:Effective short-term financial management prevents cash shortages and supports operational continuity.
Chapters Topics
NET Working Capital and Cash Flow Management
Focuses on managing short-term assets and liabilities to ensure sufficient liquidity for day-to-day operations, emphasizing the importance of effective cash flow management in maintaining financial stability.
Management of Accounts Receivable
This topic focuses on strategies to manage accounts receivable effectively, ensuring timely collection of outstanding payments to maintain liquidity and reduce the risk of bad debts.
Financial Management of Inventory
Discusses techniques for managing inventory levels to balance supply and demand, minimize holding costs, and prevent stockouts, thereby optimizing working capital.