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Unformatted text preview: In financial management , management of cash can easily effect on your working capital optimization. If management of cash is not good, you will not succeed to manage your working capital. So, you should understand about the meaning of management of cash. Meaning of management of cash Cash is most liquid asset just like petrol. So, it is very easy that someone can take it from your control. Management of cash teaches us to control cash in such a way that i) No one can take it without our permission. ii) It is enough for operation of company. iii) Better system of collection and payment of cash Management of Cash is the function of treasury department of company. Following are main things which are required for proper management of cash: 1. Bank Reconciliation These days, all business deals are completed with banks. Your so many cheques go to bank for collection and so many cheques are issued These days, all business deals are completed with banks....
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This note was uploaded on 10/19/2011 for the course FINANCE 302 taught by Professor Staff during the Fall '10 term at East West University, Chicago.
- Fall '10