The authors’ forceful guide approaches cash management with an operational focus, endeavoring to maintain companies in the most economical, efficient, and effective manner possible. Given the legitimate room for interpretation, "profit" is as much a product of the accountant’s imagination as it is real money. Cash, however, is cash–measurable, tangible, absolute. It meets payroll, pays vendors, and satisfies tax requirements. Among other topics, Managing Cash Flow: An Operational Focus helps readers understand:

How to recognize and manage effectively the principal factors affecting cash receipts and cash disbursements in the organization
The impact of operations–organizational planning, sales, operating costs, non-value-added activities–on the cash flow of the company
Effective principles for investing excess cash and borrowing to cover cash shortfalls
Practical planning techniques and procedures for managing the cash flow of the organization
The authors also identify a host of common business functions–sales; customer order backlog; accounts receivable; inventory; property, plant, and equipment; employment; and management and administration–that too often become ends in themselves and distract from the essential cash-flow function. The book imparts vital techniques for keeping these functions streamlined and focused on the ultimate goal.

TABLE OF CONTENTS

About the Authors
Acknowledgments
Introduction
Ch. 1 Understanding Cash Management
Ch. 2 Managing Cash Flow - Receipts and Disbursements
Ch. 3 Planning and Budgeting
Ch. 4 Analyzing the Sales Function
Ch. 5 Cost Reduction Analysis Procedures
Ch. 6 Analyzing Non-Value-Added Functions
Ch. 7 Investing, Financing, and Borrowing
Ch. 8 Planning Cash Flow
Ch. 9 Controlling and Analyzing Cash Flow

Afterword
App. A Cash Study: Managing Cash Flow
App. B Cash Conservation Checklist
Index