Advanced Financial Management

The aim of this book is to understand: Working capital management Determination of level of current Assets Sources for financing working capital. Bank finance for working capital (no problems on estimation of working capital). Working capital financing: Short term financing of working capital long term financing of working capital. Working capital leverages. Forecasting cash flows – Cash budgets long-term cash forecasting monitoring collections and receivables optimal cash balances – Baumol model Miller-orr model and stone model. Strategies for managing surplus fund.