Efficient working capital management is an integral component of the overall corporate strategy to create shareholder value. Working capital is the result of the time lag between the expenditure for the purchase of raw materials and the collection for the sale of the finished product. The continuing flow of cash from suppliers to inventory to accounts receivable and back into cash is usually referred to as the cash conversion cycle. The way in which working capital is managed can have a significant
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EXECUTIVE SUMMARY Working Capital is the required for maintenance of day to day business operations. The present day competitive market environment calls for an efficient management of working capital. The reason for this is attributed to the fact that an ineffective working capital management mat force the form to stop its business operations‚ may even lead to bankruptcy. Hence the goal of working capital management is not just concerned with the management of current assets and current liabilities
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Effective Working Capital Management in Small and Medium Scale Enterprises (SMEs) Kehinde James Sunday Dept of Accounting and Finance‚ Lagos State University Ojo‚ Nigeria E-mail: pastorkehindebox@yahoo.com Received: November 15‚ 2010 Accepted: August 10‚ 2011 doi:10.5539/ijbm.v6n9p271 Abstract The need to main effective working capital management within Small and Medium Scale Enterprises (SMEs) remain pivotal to solvency and liquidity of SMES. Most SMES do not care about their working capital position
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Annie Dillard is an amazing author and writes about her experience of working hard and how it pays off. I 100% agree with Dillard’s beliefs about talent and if you work hard towards your goal to achieve it‚ then it will be much more rewarding in the end. Now a day’s people in society feel like ones’ talent just comes naturally without really having to work for them at all. This is exactly the opposite of what Annie’s perspective was on talents. Society today wants the easy way out and they don’t
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Unemployed and working hard Unemployed and working hard. Well that is quite a sentence isn’t it? That gets the gears rolling. How it is that one can be unemployed and working hard? In this essay I have read a lot of new interesting facts about homeless that myself I would have never assumed to be true. I read of a boy the author Simon Wykoff whose own father was homeless for many years and mainly whom the essay is written about‚ Wykoff often stayed on the streets with his father. Wykoff speaks
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An effective team is a combination of communicating constructively‚ flexibility‚ relability‚ commitment to the team and good leadership skills. By working effectively within a team‚ a group can improve productivity and achieve better perfermance. Strong team members cooperate and are active participants in the group‚ they’re fully engaged and give their best effort and want other team members the same commitment. A flexible team member adapts to changing situations and if a new direction takes place
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hand team working has its benefits as well. This assignment is going to cover‚ the benefits of team working‚ working in a team as a member towards specific goals‚ dealing with any conflict or difficult situations‚ a review of the effectiveness of the team in achieving the goals‚ an explanation of the factors involved in planning the monitoring and assessment of work performance and an assessment of the development individual needs. Benefits of team working The benefits of team working can be clearly
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Working and Attending College What do you rather do‚ work all your life with a low paying job or attend college and get a degree on something you like with a good pay? People often think that attending college and working at the same time is a good idea. What are the effects of working and going to school at the same time? Work‚ school and family will not be the same. Working while attending college can lead to many things. First‚ you can make money to pay for college tuition and books. Second
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CHAPTER - I INTRODUCTION 1.1. WORKING CAPITAL MANAGEMENT Working capital may be regarded as life blood of a business. Working capital management is a process of planning and controlling the level and mix of the current assets of the firm as well as financing these assets. A study of working capital is of major importance to internal and external analysis because of its close relationship with the day-to-day operation of a business. Even in a well-established business with a long history
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UNIVERSITY OF DHAKA Department of Finance MBA (Evening) Program Course: Working Capital Management Report on Working Capital Management Of Atlas Bangladesh Limited Submitted to M. Shahjahan Mina Professor Department of Finance University of Dhaka Submitted By Abul Jannat Jiban (18038) Md. Naharul Islam (18043) January 01‚ 2013 INTRODUCTION Working capital management is concerned with the problems arise in attempting to manage the current assets‚ the current liabilities and the inter relationship
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