THE ACTIVE MANAGEMENT OF THE COMPANYâ€™S TREASURY, A SOLUTION FOR AVOIDING THE CRISIS SITUATIONS
Journal of Applied Economic Sciences, 2012, vol. 7, issue 3(21)/ Fall 2012, 209-227
One of the most important roles of a companyâ€™s management is to forecast the future economic conditions in which the company will develop its activity. Based on these forecasts and taking into account the economic, technical and competitive environments, the management establishes the position of future activities. Therefore, the financial forecasted previsions stimulate the results expected by the management. The working capital management involves on one hand the management of the current assets (stocks, debts, short term investments, liquidities ) and on the other hand the management of the current passives (debts to suppliers, employees, banks, state budget), activities which take up the financial managementâ€™s time.
Keywords: working capital management; current assets; current passives; required financing; operating cycle (search for similar items in EconPapers)
JEL-codes: M21 M41 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ush:jaessh:v:7:y:2012:i:3(21)_fall2012:p:209
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