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Books > Business & Economics > Business & management > Management of specific areas > Budgeting & financial management
The sixth edition of Short-Term Financial Management covers
material pertinent to courses covering the management of firm
liquidity, working capital, and the treasury function. The textbook
provides a comprehensive overview of these vital topics and also
introduces many of the topics that must be mastered to earn the
Certified Treasury Professional (CTP) certification. Unit I
examines the relationship between firm value and short-term
financial management and provides in-depth coverage of the tools
used to assess and benchmark firm liquidity. Throughout this unit,
the cash conversion cycle is used as a pedagogical tool to connect
liquidity management to overall firm value. Unit II reviews the
costs and benefits of carrying inventory, accounts receivable, and
accounts payable on the balance sheet. Unit III covers the
essentials of corporate cash management, including payment systems,
bank relationship management, and optimizing liquidity flows (e.g.,
disbursements, collections, and concentration cash flows). Lastly,
Unit IV reviews cash flow forecasting, short-term investing,
short-term borrowing, and financial risk management. The Test Your
Understanding activities in each chapter reinforce critical topics,
and end-of-chapter review questions and problems encourage critical
thinking. Introducing students to practical applications of
short-term financial management, the text is ideal for courses in
financial management and corporate finance.
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