Discuss Some Ways That Cash Management in a Down Cycle

question 75

Essay

Discuss some ways that cash management in a down cycle is critical to the long term development of an organization's intangible capabilities.

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Definitions:

Account Balance

The amount of money in a financial repository at any given moment, which can include bank accounts or credit accounts.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn from, often resulting in a fee.

Bank Statement

A summary issued by a bank detailing all transactions in an account over a specified period.

Outstanding Checks

Checks that have been written and recorded in the check issuer's accounting system but have not yet been cashed or cleared by the bank.