Managing Cash Flow: An Operational Focus

@Team LiB......Page 1
Contents......Page 5
ABOUT THE AUTHORS......Page 7
ACKNOWLEDGMENTS......Page 10
INTRODUCTION......Page 11
CHAPTER 1
Understanding Cash Management......Page 19
CASH FLOW BASICS......Page 22
HISTORY, THE FED, AND FLOAT......Page 31
BANK ISSUES AND CONCERNS......Page 38
CONCLUSION......Page 43
CHAPTER 2
Managing Cash Flow—Receipts
and Disbursements......Page 45
USING THE BALANCE SHEET......Page 46
CASH RECEIPTS......Page 49
CASH DISBURSEMENTS......Page 68
CONCLUSION......Page 77
CHAPTER 3
Planning and Budgeting......Page 79
RELATIONSHIP BETWEEN PLANNING AND BUDGETING......Page 81
STRATEGIES FOR COMPETITIVE ADVANTAGE......Page 84
STRATEGIC PLANNING PROCESS......Page 86
SHORT-TERM PLANNING......Page 91
CONCLUSION......Page 104
CASH MANAGEMENT STUDY......Page 105
PURPOSE OF THE SALES FUNCTION......Page 106
CONCLUSION......Page 132
CHAPTER 5
Cost Reduction Analysis Procedures......Page 133
BENCHMARKING STRATEGIES......Page 134
ACTIVITY BASED COSTING PRINCIPLES......Page 162
CONCLUSION......Page 184
CHAPTER 6
Analyzing Non-Value-Added
Functions......Page 186
LOOKING AT THE ACCOUNTING FUNCTION......Page 187
CHOOSING WHAT TO ANALYZE......Page 189
IDENTIFYING GOALS AND BASIC BUSINESS PRINCIPLES......Page 192
PRIORITIZING ACTIVITIES......Page 194
FINANCIAL REPORTING......Page 195
COMPILING THE DATA......Page 198
ANALYZING THE DATA......Page 202
ORGANIZATIONAL ISSUES......Page 208
BUDGET ANALYSIS......Page 210
ANALYSIS OF FUNCTIONAL COSTS......Page 212
ANALYSIS OF ACCOUNTING OPERATIONS......Page 216
ACTIVITY BASED COSTING APPLICATIONS......Page 221
DEVELOPING RECOMMENDATIONS......Page 223
SPECIFIC RECOMMENDATIONS......Page 224
ORGANIZATION RECOMMENDATIONS......Page 243
OTHER AREAS FOR REVIEW......Page 245
CONCLUSION......Page 247
INVESTING EXCESS CASH......Page 249
FINANCING SOURCES FOR THE BUSINESS......Page 260
BORROWING FOR CASH SHORTFALLS......Page 261
CONCLUSION......Page 272
CASH FLOW PLANNING......Page 273
MANAGING CASH BALANCES......Page 286
CASH PLANNING APPROACHES......Page 289
CONCLUSION......Page 292
BRIEF LOOK AT FASB 95......Page 295
CASH FLOW PROJECTIONS: METHODOLOGY......Page 297
CASH FLOW REPORTING AND CONTROLS......Page 303
INTERPRETATION AND ANALYSIS OF CASH FLOW......Page 310
CONCLUSION......Page 332
AFTERWORD......Page 333
APPENDIX A
Case Study: Managing Cash Flow......Page 335
APPENDIX B
Cash Conservation Checklist......Page 351
Index......Page 357