Study On Strengthening The Management Of Working Capital In An Enterprise

First of all the author described the background of what he/she wants to study on,and explained the importance of the management of working capital.In all of the management of fund, not only the proportion of working capital in the amount of all the fund is very huge, but also working capital is the part of the flowing most liquidly, changing fastest and turnovering most rapidly of all fund in operating an enterprise. To an enterprise the level of earning at certain periods mainly depends on the level of the management of working capital.Then the author summarized the research results at home and abroad of the management of working capital.The research in management of working capital abroad has tend to mature,but the research of the quantitative accounts receivable management is very small. The study at home began late,and still not formed a complete system.In the basis of summarizing the traditional financial management of working capital, according to the own business conditions and the deficiencies of the management level, inductived the management problems, and analyzed the forming reasons.According to basis of using the knowledge of financial management, accounting, higher mathematics, and others,the author put forward some measures in strengthening their management.The author discussed the measures in accounts receivable management.And from the credit period and cash discount the author discussed deeply, conducted quantitative analysis, meanwhile developed financial models. These two models are the results of the derivating process of the function according to the virtual hypothetical data. They overcome the defects of the traditional methods,and make up the shortcomings of traditional forecasting which only discussed discrete or discontinuous points.After that the aouthor cited specific cases respectively according to every part of the management of working capital,and analyzed the cases.