Managing finances
Unit summary
Aims
To develop knowledge and understanding of the way organisations finance their operations, plan and control cash flows, optimise their use of working capital and allocate resources to capital expenditure projects.
Objectives
On completion of this paper, candidates should be able to:
describe the cash flow cycle
describe sources of short, medium and long-term finance
prepare cash budgets and cash flow forecasts
explain the principles of effective working capital management
calculate working capital requirements
describe credit management methods and procedures
describe cash management methods and procedures
evaluate capital expenditure proposals.
Unit details
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15 Business, Administration and Law
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15.1
Accounting and Finance