Management of Working Capital

This paper discusses the management of working capital and covers such areas as cash management, accounts receivable, inventory and other areas.

This research is on the Management of Working Capital and covers such areas as cash management, accounts receivable, inventory and other areas of the topic

There is no universal definition of working capital that is accepted by everyone. Some have made it quite simple stating it was the difference between current assets and current liabilities. Others consider it as being equal to the total of current assets. The prime object of any business is to make a profit. Whether or not this is accomplished depends to a great extent on the manner of its administration of working capital. However there are special problems in connection with these funds which require special operating and financial skills of a very high order. Especially is this true as the complexity of the business increases.

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