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Chapter 13: Treasury and Working...
Learning objectives
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This chapter covers a wide range of finance issues, from cheque clearance to optimum inventory models. After working through the chapter you should be able to:
- describe the main roles of a treasury department and the key concerns of managers when dealing with working capital;
- comment on the factors influencing the balance of the different types of debt in terms of maturity, currency and interest rates;
- show awareness of the importance of the relationship between the firm and the financial community;
- demonstrate how the treasurer might reduce risk for the firm, perhaps through the use of derivative products;
- understand the working capital cycle, the cash conversion cycle and an inventory model.
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