Discuss three strategies for financing working capital

Assignment Help Financial Accounting

Reference no: EM131356721

“Credit management plays an important role in the financial success of any organisation. An important policy decision that Management should make is to consider whether the credit management function in a company should be the responsibility of the finance department or the marketing department or both”

Required:

a. Explain what is meant by credit management.

b. Discuss why cash is considered as a life blood for any business.

c. Discuss three strategies for financing working capital.

d. Critically evaluate the advantages and disadvantages of placing the credit management function in the marketing department.

e. Critically evaluate the advantages and disadvantages of placing the credit management function in the finance department.

f. Based on your answers to (d) and (e) above, explain with justifications as to whether the credit management function should be placed in marketing department or in the finance department or in both departments.

Reference no: EM131356721

Questions Cloud

Equivalent units for march for pulping and conversion : Scribners Corporation produces fine papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. De..

What is the post implementation review : What is the post-implementation review?- What are the post-implementation review goals?- What is systems maintenance?

Explain method for exerting control in organization setting : Define organizational effectiveness. Apply theories of organizational effectiveness to the management of criminal justice personnel. Describe methods for exerting control in an organizational setting.

Which steps take on more or less importance in new approach : You are charged with recommending how to reengineer your company's SDLC so that the typical 9-month development process could be cut to 6 weeks. Describe your new process.

Discuss three strategies for financing working capital : “Credit management plays an important role in the financial success of any organisation. An important policy decision that Management should make is to consider whether the credit management function in a company should be the responsibility of the f..

What is your own decision-making style : What conflict styles have you encountered while working in groups? How will your approach to conflict change in the future based on what you have learned in this course?What group cohesion strategies will you apply in future team work? Describe the..

Discuss how xbrl reports could be used to apply for a loan : Discuss how XBRL reports could be used to communicate with the investment community,

Accounting profession emphasize accrual accounting : What is the purpose of each of the basic financial statements (income statement, balance sheet, and statement of cash flows)? Financial statements are designed to provide information beneficial to users to help them assess the amount, timing, and unc..

Evaluate the four traits of organizational learning : Evaluate the four traits of organizational learning. Provide examples of how learning and change can impact one another. Review several of your peers' posts.

User Account

All Pages