Total cash management: a company wide system for forecasting, managing, and improving cash flow
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York u.a.
McGraw-Hill
1994
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIV, 352 S. |
| ISBN: | 0070346046 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Contents
Preface xi
1. Total Cash Management Will Increase Profits! 1
What Is Total Cash Management? 1
Benefits of TCM 6
The Conflict Between Cash and Profits 7
Marketing Looks at TCM 9
Production Looks at TCM 10
Engineering, Research, and Development Look at TCM 12
Human Resources Looks at TCM 13
Finance and Accounting Look at TCM 14
Who Is Responsible for TCM? 16
2. How Operating and Budget Decisions Impact Cash Flow 19
Controlling Cash with Budgets 21
Accrual Accounting and Cash Hows 22
Expenses and Cash Disbursements in GAAP Statements 24
How Budgets Affect Cash 28
Budget Myopia: Why Expenses Always Are Close to Budget 32
Budget Decisions, Expense Commitments, and Cash Flow 34
The Board of Directors Looks at the Budget 37
Understanding the Real Cash Flow Impact 38
Recommendations 46
v
Vi Contents
3. TCM for Marketing: Increase Sales Through Total
Cash Management 47
Volume vs. Margins 48
Competitive Response 51
Longer Terms Equal a Lower Price 54
Granting Credit to Poorer Credit Risks 57
Using Dating to Even Out Production 59
Cash Requirements for New Product Introductions 62
Volume Discounts 68
Cash Discounts for Prompt Payment 70
Using Inventory Levels as a Competitive Marketing Tool 73
Meeting the Cash Requirements of Total Quality Management 75
4. Squeeze Inventories for Cash Savings 76
What Do Inventories Accomplish? 77
Reducing Inventories: How Do We Maintain Customer Service? 79
Inactive Inventories Are Inevitable 80
What Is the Real Cost of Holding Inventory? 84
Soft Costs 85
Accounting and Tax Issues Affecting Cash Flows 88
UFO and FIFO Inventory Accounitng 91
JIT, MRP, and Other Management Control Techniques 94
The Benefits of JIT 99
Spare Parts Inventories 101
Who Is Responsible for Controlling Inventory? 102
Broad vs. Narrow Product Unes 105
5. Day to Day Cash Management 108
Disbursing Accounts Payable 109
Using Lock Boxes 113
Payroll Processing 115
Expense Reimbursement 118
Credit Cards 121
Electronic Funds Transfers 123
Playing the Float 126
Daily Cash Report 127
6. Choosing and Using a Bank 128
What Do Bankers Want? 129
Concentrate Your Activity 133
Contents vM
Minimize Bank Service Charges 136
Obtaining Your Line of Credit 141
Double Counting Balances 143
Choosing a Bank 146
Forecasting Cash Balances 149
Reconciling the Bank Accounts 153
7. Collecting Accounts Receivable 155
Why Companies Don t Pay Their Bills 156
Customer Dissatisfaction 156
Your Customers Set Their Own Payment Terms 160
Your Customer Is Short of Cash 165
When to Turn to Collection Agencies 169
So Your Customer Declared Bankruptcy 172
Do Cash Discounts Speed Up Payment? 175
Should Sales or Accounting Have Responsibility for Collections? 180
8. Dealing with a Cash Shortfall 183
Using the IRS as a Source of Funds 183
Short Term Solutions 186
Bank Loan 186
Supplier Credit 188
Add Personal Funds 189
Call Customers and Ask for Payment 190
Talk Openly with Employees, Vendors, and Creditors 191
Preparing for a Cash Squeeze 195
Allocating Limited Cash Among Competing Demands 1%
9. Put Your Excess Cash to Work Fast! 201
Objectives of an Investment Policy 202
Written Policy Guidelines 206
Risk and Return 210
Liquidity and Convenience 212
U.S. Treasury Securities 213
Commercial Paper 214
Certificates of Deposit 217
Money Market Funds 219
Municipal Securities 221
Other Exotic Investments 222
Summary and Conclusions 222
vjjj Contents
10. The Road to Positive Cash Flow: Better Expense Control 224
The Tyranny of the Budget 225
The Budget Review Process 228
Activity Based Management 229
Manage Activities, Not Costs 232
Business Process Improvement 233
Who Will Solve the Problem and Save Cash? 237
Cost Effective Expense Control 239
Solving the Expense Control Problem in Advance 241
11. Proper Budgeting for Maximum Cash Flow 244
How Growth Decisions Affect Cash Flows 246
The Curse of Growth 248
Responding to Pressure 249
Adding Staff Is the Cardinal Sin 250
A Better Approach—Managed Growth 254
Flexible Budgets: Determining Appropriate Expense Levels 255
Can You Control Cash If You Don t Have a Budget? 257
12. Capital Budgeting and Cash Flows 260
Why Do We Need a Capital Budget? 261
Quantifying Intangibles 270
The Purpose for Which Capital Expenditures Are Made 273
We Have to Rely on Someone s Judgment 275
Forecasting the Future—What Are the Real Cash Hows? 276
Postcompletion Audits 278
13. How to Avoid the Traps in Leasing 279
Accounting for Leases 280
Off Balance Sheet Financing Something for Nothing 282
The Current Accounting Rules on Leasing 284
Tax Consequences What Is a True Lease? 286
Leasing Automobiles and Computers—The Cash Consequences 287
The Operating Consequences of Leasing 290
Leasing (Renting) Office Space vs. Purchase of a Building 292
Lease Terms and Business Flexibility 298
Leasing as a Source of Funds 300
The Bottom Line—To lease or Not to Lease 301
Contents ix
14. How to Cope with Inflation When It Returns 303
Pricing 305
Price Controls 308
Cash Receipts and Disbursements 311
Investing Surplus Cash 312
Inventories 315
Fixed Assets 318
Borrowing 322
Accounting for Inflation 324
Current Value Statements 326
15. Installing a Total Cash Management System 328
Review Receivable Collection Efforts 329
Dig into Your Inventories 332
Meet with Your Bank 334
Focus Everyone on Cash, Not Profits 335
Don t Just Reduce Cash Outflows—Spend to Grow 337
Budgeting and Forecasting Cash Flows 339
Report Cash Flows 341
Pay Bonuses Based on Cash Flows 345
Index 347
|
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| dewey-search | 658.15/244 |
| dewey-sort | 3658.15 3244 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| institution | BVB |
| isbn | 0070346046 |
| language | English |
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| publishDate | 1994 |
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| publisher | McGraw-Hill |
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| spelling | King, Alfred M. Verfasser aut Total cash management a company wide system for forecasting, managing, and improving cash flow Alfred M. King New York u.a. McGraw-Hill 1994 XIV, 352 S. txt rdacontent n rdamedia nc rdacarrier Cash-flow gtt Cash management Cash Management (DE-588)4122992-7 gnd rswk-swf Cash Management (DE-588)4122992-7 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006565322&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | King, Alfred M. Total cash management a company wide system for forecasting, managing, and improving cash flow Cash-flow gtt Cash management Cash Management (DE-588)4122992-7 gnd |
| subject_GND | (DE-588)4122992-7 |
| title | Total cash management a company wide system for forecasting, managing, and improving cash flow |
| title_auth | Total cash management a company wide system for forecasting, managing, and improving cash flow |
| title_exact_search | Total cash management a company wide system for forecasting, managing, and improving cash flow |
| title_full | Total cash management a company wide system for forecasting, managing, and improving cash flow Alfred M. King |
| title_fullStr | Total cash management a company wide system for forecasting, managing, and improving cash flow Alfred M. King |
| title_full_unstemmed | Total cash management a company wide system for forecasting, managing, and improving cash flow Alfred M. King |
| title_short | Total cash management |
| title_sort | total cash management a company wide system for forecasting managing and improving cash flow |
| title_sub | a company wide system for forecasting, managing, and improving cash flow |
| topic | Cash-flow gtt Cash management Cash Management (DE-588)4122992-7 gnd |
| topic_facet | Cash-flow Cash management Cash Management |
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