By Lance Moir
Coping with money movement, rates of interest and kinfolk with the financial institution are essentially matters for each company. This transparent and concise advisor is particularly designed to explain the basic judgements in liquidity administration and set them in an total enterprise context.
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Extra resources for Managing liquidity
I t e m s s u c h as sales a n d purchases c a n only be estimates a n d therefore a n assessment of, s a y , a 5 % v a r i a n c e , p a r t i c u l a r l y o n t i m i n g , c o u l d b e u n d e r t a k e n . T h e a c t u a l p e r c e n t a g e t o b e u s e d will b e d e t e r m i n e d b y experience of previous forecasting errors. T h e k e y r e q u i r e m e n t o f l i q u i d i t y m a n a g e m e n t is t o e n s u r e that there is e n o u g h cash to meet liabilities as they fall d u e .
T h e r e will n e e d t o b e a c l e a r c a s h flow forecast, possibly in t h e f o r m s h o w n in C h a p t e r 2. T h e r e s h o u l d b e a m o n t h l y p r o j e c t i o n for t h e following few m o n t h s , f o l l o w e d b y q u a r t e r l y o r y e a r l y p r o j e c t i o n s for t h e n e x t few y e a r s .
A m o r e c e r t a i n f o r m o f f i n a n c e will n e e d t o b e f o u n d . T h e cash forecast a b o v e also excludes t h e i m p a c t of interest c h a r g e s w h i c h w o u l d b e r e q u i r e d for a m o r e d e t a i l e d r e v i e w . The sources and uses Whereas the method starting-point of the receipts and payments m e t h o d is s a l e s , t h e s o u r c e s a n d u s e s m e t h o d s t a r t s w i t h p r o f i t . T h e r e f o r e , a considerable n u m b e r of assumptions h a v e already been m a d e a n d should already have b e e n scrutinised by the responsible operational m a n a g e m e n t a n d at the level b y t h e financial appropriate c o n t r o l l e r .
Managing liquidity by Lance Moir