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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Report of the Working Group on F&U Guidelines For General Insurance Products September 2014 Insurance Regulatory and Development Authority This page has been left blank Shri M Ramaprasad Member (Non-Life) Insurance Regulatory and Development Authority Hyderabad Respected Sir‚ Report of the Working Group on F&U Guidelines I have immense pleasure in submitting the Report of the Working Group on F&U Guidelines vide circular IRDA/NL/CIR/F&U/112/04/2014 dated 17 April 2014. The Report and the Recommendations
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Effects of Working Capital Management on the Growth of Small and Medium Enterprises in Kenya: A Case of Small and Medium Textile Enterprises in Nairobi Central Business District Waheho E. W Abstract Several Kenyan businesses operate in different business sectors of Small and Medium Enterprises (SMEs) and contribute wealth to Kenyan economy in terms of value creation. For the success of any Kenyan enterprise‚ the financial management of assets is so crucial. Thus‚ this research
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Transactional Analysis Theory: the Basics Carol Solomon‚ Ph.D. Abstract This article is written to acquaint readers with basic transactional analysis theory and to provide a beginning understanding about how these concepts can be used in real life. I first learned about Transactional Analysis from Dr. Eric Berne when I studied with him in Carmel‚ CA beginning in 1966. Quickly‚ I learned the value of this simple language as I began to understand my own life script. I became intrigued with my newfound
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Agreed Ways of Working Bi - An outline of what is meant by ‘agreed ways of working’. The term ‘agreed ways of working’ relates to the way an employee must work and the rules that they must adhere to. As an employee you should work in a way that is clearly set out in the job description – this will then mean that you know what areas of care you would be responsible for and those that should be reported to a higher member of staff etc. The ‘agreed ways of working’ have been set out in accordance with
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English 101 March 24‚ 2014 Obstacles Faced by the Working Poor There are millions of Americans who have jobs but still remain poor despite the strong labor markets; these people are referred to as "the working poor." The working poor are working people whose incomes fall below a given poverty line. Even though these people are working‚ the wages are insufficient causing them to face numerous obstacles that make it difficult for them to provide the basic necessities to maintain a stable life. Some
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Joanne Wootton 24/10/12 * The importance of multi agency and integrated working As an early year setting we are required to help the children achieve the five outcomes of the UK government they include stay safe‚ enjoy and achieve‚ be healthy‚ make a positive contribution and achieve economic well being. We do everything we can to follow these outcomes but sometimes we need to contact and utilise other professionals to help us achieve these‚ it’s important to work together with these other
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and reductions in unproductive or idle work time. Increasing working hours may appear as a magical solution to increase productivity. However‚ Shepard & Clifton (2000) research show that longer working hour resulted in decreasing productivity. . More working hours can mean increasing fatigue rather than increasing productivity. On contrary‚ decreasing working hours enhance WLB and productivity‚( Bloom et al 2006). Increasing working hours could negatively influence WLB ‚ which means less family
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Accountancy Age: 40 years old Gender: Female Race: Chinese Nationality: Singaporean Work experience: 21 years Past occupation: Accountant/ General Accounts Manager Current occupation: Assistant Finance Manager Brief Background Jane is currently working as an Assistant Finance Manager with Ng Lee & Associates and has been there for almost 2 years. Being the mother of two children‚ Jane placed a huge emphasis on being able to spend quality time with her family. Thus‚ the major factors which influenced
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a) Define working capital. -Working capital cycle is a firm’s current assets. Current assets are those that the firm’s expect to convert into cash within a year. b) Explain the working capital cycle and illustrate your answer by using a diagram. -The working capital cycle is measures the time between paying for goods supplied to you and the final receipt of cash to you from their sale. It is desirable to keep the cycle as short as possible as it increases the effectiveness of working capital cycle
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