Financial Liquidity Management

pucefakeAI and Robotics

Nov 30, 2013 (3 years and 11 months ago)

69 views

FLM | Financial Liquidity Management | © http://michalskig.com/

2013
-
11
-
30


Financial Liquidity
Management

FLM | Financial Liquidity Management | © http://michalskig.com/


2

Financial Liquidity Management


E
-
mail:
GRZEGORZ.MICHALSKI@UE.WROC.PL


www:
HTTP://MICHALSKIG.UE.WROC.PL/


Mobile: 0503452860


5 meetings + 1 exam (test)


Next meeting: 5th March.



T. S. Maness, J. T. Zietlow, „Short
-
Term Financial Management”
, SW 2005.


G. Michalski
,

Effectiveness of investments in operating Cash, Journal of Corporate
Treasury Management, ISSN: 1753
-
2574, vol. 3, iss. 1, December 2009, p. 43
-
54.


G. Michalski
,

Inventory Management Optimization as Part of Operational Risk
Management,

Journal of Economic Computation and Economic Cybernetics Studies and
Research , ISSN: 0424
-
267X, vol
.

43 nr 4/2009, p. 213
-
223.


G. Michalski
,

Operational risk in current assets investment decisions: Portfolio
management approach in accounts receivable, Agricultural Economics , 54/2008(1),
ISSN: 0139
-
570X, 2008, s.12
-
19.

FLM | Financial Liquidity Management | © http://michalskig.com/


3

Example 01

FLM | Financial Liquidity Management | © http://michalskig.com/


4

FLM | Financial Liquidity Management | © http://michalskig.com/


5

FLM | Financial Liquidity Management | © http://michalskig.com/


Ex. 1B


What if month later (in 30th June) you will notice that sales will be:


In July = 19ooo, in August = 24ooo, in September = 23ooo, in Oct =
22ooo, in Nov = 43ooo, in Dec = 48ooo, in January = 33ooo, in
Febr=44ooo


Production cost changed from 55% to 51%,


Suppliers will offer a 45 day trade credit


Capex (Capital Exp.) planned for July will be moved to August and will
be 8ooo.


C
*

will change to 800.

6

FLM | Financial Liquidity Management | © http://michalskig.com/


Ex. 1C


What if month later (in 30th July) you will notice that sales will be:


in August = 44ooo, in September = 33ooo, in Oct = 28ooo, in Nov =
25ooo, in Dec = 20ooo, in January = 18ooo, in Febr=20ooo, in March
90ooo.


Production cost changed from 51% to 61%,


Suppliers will offer a 15 day trade credit


Capex (Capital Exp.) planned for August will be moved to October and
will be 8ooo.


C
*

will change to 1200.

7

FLM | Financial Liquidity Management | © http://michalskig.com/


FLM | Financial Liquidity Management | © http://michalskig.com/


FLM | Financial Liquidity Management | © http://michalskig.com/