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Optimizing Company Cash

Optimizing Company Cash

Publisher John Wiley & Sons
Year 01/05/2018
Edition First
Pages 296
Version paperback
Readership level Professional and scholarly
Language English
ISBN 9780870516542
Categories Financial accounting, Corporate finance
343.00 PLN (with VAT)
$93.58 / €80.90 / £71.16 /
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Book description

Optimizing Company Cash provides a comprehensive guide to all elements of cash management in a business including: InflowsOutflowsCash conversion cyclesShort-term borrowing and investingInternational businessHow to structure a corporate treasury function In over 200 pages, the Guide explains how CPAs and financial managers can manage their company's short-term resources to sustain ongoing activities, mobilize funds and optimize liquidity. It also provides diagrams of work flows, step-by-step checklists, templates, and treasury tips for CPAs and finance managers who are responsible for making the most of working capital and short-term resources.

Optimizing Company Cash


List of Exhibits xvii
Foreword xxi
Acknowledgments xxiii
Chapter 1 A Cash Manager s Perspective on Company Financials 1
Chapter Goals 1
Introduction 1
Interrelationship of the Operating, Cash, and Accounting Cycles 2
Important Metrics 3
Liquidity Ratios 3
Leverage Ratios 5
Capital Structure Weighted Average Cost of Capital 5
Performance Measures 6
Efficiency Ratios 6
Risk-Adjusted Performance Measures 6
Risk Management 9
Worked Examples of Company Metrics 9
Practical Applications 11
Summary of Key Points 12
Chapter 2 It s All About the Bottom Line! 13
Chapter Goals 13
Introduction 13
The Major Functions of Cash Management 14
Factors That Influence the Cash Manager s Role 16
A Representative Organization Chart 16
Important Cash Management Concepts 17
Cash Flow Timeline 17
Financial Float 18
Availability 18
Finality 19
Opportunity Cost of Funds 20
Transaction Balances 20
Time Value of Money 20
Nature of Cash Flows 22
Practical Applications 22
Summary of Key Points 22
Chapter 3 Optimizing Liquidity 23
Chapter Goals 23
Introduction 23
Liquidity Management 23
Cash Is King 24
Float in the Financial Supply Chain 24
Sources and Uses of Liquidity 26
Optimizing Working Capital 26
Cash Conversion Cycle 27
Calculating How Much Liquidity a Company Needs 28
Costs of Too Little Liquidity 28
Working Capital Gap Management 29
Practical Applications 30
Summary of Key Points 30
Chapter 4 The United States Banking System 31
Chapter Goals 31
Introduction 31
Structure of the United States Banking System 31
Federal Reserve Bank 32
A Dual Banking System 32
Major Banking Legislation 33
Impact of Current Legislation 33
Nationwide Branching 33
Patriot Act 34
Sarbanes-Oxley Act 34
Check 21 35
Federal Reserve Regulations 35
Uniform Commercial Code 36
Practical Applications 37
Summary of Key Points 37
Chapter 5 Types of Payment Instruments 43
Chapter Goals 43
Introduction 44
Important Terminology 44
Clearing 44
Settlement 44
Real-Time Gross Settlement 44
Net Settlement Systems 44
Settlement Risk 45
Contents ix
Hybrid Settlement 45
Transaction Types 45
Payment Practices in the United States 45
Check Payments 47
Check Terminology 47
Characteristics of a Check 48
The Real Cost of Paying by Check 49
The Truth About Disbursement Float 50
The Check Clearing Process 50
Advantages and Disadvantages of Using Checks 54
Electronic Checks and the Role of Imaging and Truncation 54
Electronic Payments 55
The Fedwire Process 55
The Clearing House Interbank Payment

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