2012年ACCA考试《F9财务报告》讲义辅导23

2012年ACCA考试《F9财务报告》讲义辅导23
Conclusion
　　Working capital management is of critical importance to all companies. Ensuring that sufficient liquid resources are available to the company is a pre-requisite for corporate survival. Companies must strike a balance between minimizing the risk of insolvency (by having sufficient working capital) with the need to maximize the return on assets, which demands a far less conservative outlook. In this paper, one of the elements of the working capital equation, debtor management, has been considered. Students should ensure that they can not only tackle computation-type questions, but also be able to discuss the numerous facets of operating a credit management policy.