The Study on Working Capital Management of Manufacturing Business

• Main Authors: Ching-Chung Chan, 詹慶忠
• Other Authors: Chin-Li Huang
• Format: Others
• Language: zh-TW
• Published: 1993
• Online Access: http://ndltd.ncl.edu.tw/handle/21327481591112430833

碩士 === 淡江大學 === 管理科學研究所 === 81 === The research takes top 500 private manufactures in " The Largest Corporations in R.O.C." in 1992,and use mailed questionnair method to financial chief of firms for testing. The finding of the study are as following： 1.Cash management (1) Most firms pay much attention to cash budget. And it is more common to use cash receipts and disbursements method for firms in cash budget. (2) They are not common to use a lock-box system and cash float for firms in this study. 2.Short-term Investment Having short-term idle cash, most firms deposit their idle cash in financial organization.Firms in this study rank safety as the most important investment criterion. 3.Account Receivable Management (1) It is more common to use the policy that firms decide by themself for their credit period in this study. Besides, firms are few providing cash discount for their customers. (2) In deciding credit quality of customers most firms often adopt judging the character, collateral,capacity, and capital of their customers. Besides, most firms acquire the source of above imformation by financial organization, credit imformation office and customers. (3) It is more common to use aging of account receivable for firms in this study. The purpose of aging of account receivable is to evaluate effects for collecting payment bills. 4.Inventory Management (1) Most firms pay much attention to internal control of inventory exception approaching control. Besides, most firms choose the computerized inventory control system as their inventory control system. (2) Most firms adopt perpetual inventory system to streng- then the management control of inventory, calculate the cost of inventory by weighted average method, and evaluate inventory by low of cost or market method.