Working Capital Management

ABOUT THE BOOKThis comprehensive and well-written textbook discusses the concepts of working capital management in a simple and an easy-to-understand language. It reflects the theoretical and practical forces that have brought about dramatic changes in the management of working capital. The aim of this book is to provide a strong conceptual foundation (both pragmatically and theoretically) to build the future financial activities and decisions.Beginning with an introduction to the subject, the book discusses the working capital policies and cash management systems collection systems, cash concentration systems and disbursement systems. Then it moves on to discuss cash flows, corporate liquidity and financial flexibility, optimisation models, receivables management, accounts receivables, short-term financing, inventory management, programming and capital investment processes. Furthermore, it deals with monetary and banking systems national and international. The book concludes with the discussions on portfolio management and international financial transactions.The book also incorporates the case studies for better understanding of the concepts discussed.This book is intended for the postgraduate students of Business Administration(M.B.A.), Commerce (M.Com.) and Business Economics. Besides, it would also be useful to the students of CA, CS and other professional courses.ABOUT THE AUTHORV.K. Bhalla is a Senior Faculty Member for more than thirty years standing in the Delhi University system. He obtained Ph.D. from Delhi School of Economics. A prolific author, Prof. Bhalla has been contributing articles to various national and international journals.He has to his credit more than 100 research papers and 24 books and research works published. He has done several research projects sponsored by national and international bodies. He has been Visiting Research Fellow at the Institute of Developing Economies (Tokyo) and at the University of Bielefeld (Germany). He visited several countries to participate and chair academic and professional conferences. He is on the Board of Governors and Faculties of a number of Institutes and Universities.Currently, he is the Convenor of the Management Panel of the University Grants Commission, and has worked on a number of UGC committees. Being an independent director of a number of public limited companies, he has vast experience of the working in corporate world. Prof. Bhalla has also been a consultant to a number of government, semi-government, and private organisations.