May 1, 2024
3 minute read
Working capital is a crucial aspect of financial management that represents the liquidity of a company. It is the difference between a company's current assets, such as cash, inventory, and accounts receivable, and its current liabilities, such as accounts payable, short-term loans, and accrued expenses. Positive working capital indicates that a company has sufficient liquidity to meet its short-term obligations and maintain its operations.
Importance of Working Capital
Maintaining adequate working capital is essential for several reasons:
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Find a path to becoming a Working Capital. Learn more at:
OpenCourser.com/topic/stnpli/working
Reading list
We've selected six books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Working Capital.
Emphasizes the strategic importance of working capital management and provides a framework for developing an effective working capital strategy. It is particularly relevant for senior finance professionals and business leaders.
This accessible guide simplifies the complexities of working capital management, making it understandable for beginners and non-finance professionals. It great starting point for those seeking a basic understanding of this topic.
This research-oriented book presents a comprehensive review of the empirical evidence on working capital management practices. It valuable resource for academics and researchers seeking to stay up-to-date on the latest research findings.
This French-language book combines working capital management with financial analysis, offering a comprehensive perspective for French-speaking professionals.
Emphasizes the importance of risk management in working capital management, providing a framework for assessing and mitigating risks. It is particularly relevant for professionals seeking to enhance their risk management skills.
This practical guide from the Institute of Management Accountants provides step-by-step guidance on implementing best practices in working capital management. It valuable resource for professionals seeking to improve the efficiency of their working capital.
For more information about how these books relate to this course, visit:
OpenCourser.com/topic/stnpli/working
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