Financial Liquidity Management 2600-DSFRdz/w3fpZPF
Topics:
1. The use of accounting in the management of enterprise liquidity
2. Measurement of financial liquidity in an enterprise and methods of predicting its threat.
- the essence of financial liquidity management
- static methods of measuring financial liquidity - interpretation and cognitive limitations
- using information on cash flows to assess the financial liquidity of the company
- market adjustment of financial liquidity
- models for assessing the risk of insolvency
- business partner risk analysis
3. The importance of working capital for the financial stability of an economic entity
- the concept of working capital, net working capital and methods of its measurement
- level of working capital in the enterprise
- working capital management strategies
4. Working capital management in the enterprise
- working capital circulation cycle (cash conversion cycle)
- determining the need for net working capital
- sources of origin and supply of working capital
5. Inventory management in the enterprise
- total cost of inventory and its components
- optimal order size
- order size including quantity discounts
- two-component inventory model
- new trends in inventory management
6. Methods of monitoring and forecasting receivables
Methods of assessing corporate receivables
- methods of determining the receivable collection period
7. The company's credit policy towards customers
- credit policy strategies
- instruments of the enterprise's credit policy
- credit risk analysis methods (point method, credit standard method)
- optimization of credit policy parameters
- integrated trade credit management system
8. Cash management in the enterprise
- motives for keeping cash and the need for cash management in the enterprise
- using J. Baumol's model to optimize cash in the company
- cash optimization in the enterprise using the Miller-Orr model
- cash turnover estimates
- management of free cash
- cash breakeven point analysis
9. Trading in receivables, obtaining bank and non-bank sources of financing
- banking operations
- loans and guarantees
- domestic and foreign monetary settlements
- transfer of debts
- factoring
- forfaiting
- securitization of assets
10. Short-term debt securities
Type of course
Mode
Learning outcomes
After completing the course, the student:
S1_W01
Knows and understands at an advanced level the terminology related to accounting in business organizations in the disciplines of economics and finance and in complementary disciplines (management and quality sciences, legal sciences).
S1_W02
Knows and understands at an advanced level the principles, procedures and practices relating to accounting in business organizations.
S1_W03
Knows and understands at an advanced level economic theories and models relating to accounting in business organizations.
S1_W05
Knows and understands to an advanced degree technological, social, political, legal, economic and ecological processes and phenomena as well as their impact on accounting in business organizations.
S1_U01
Is able to use the theory of the discipline of economics and finance and complementary disciplines (management and quality sciences, legal sciences) to recognize, diagnose and solve problems related to accounting in business organizations, using the appropriate selection of sources and adapting existing methods.
S1_U02
Is able to correctly interpret technological, social, political, legal, economic and ecological processes and phenomena and their impact on accounting in business organizations, using the appropriate selection of sources.
S1_U03
Is able to independently and collectively prepare analyses, diagnoses and reports regarding accounting in business organizations and present them communicatively, also in English - using IT and communication tools.
S1_U04
Able to plan and organize own and team work.
S1_U05
Has the ability to self-educate and improve acquired qualifications.
S1_K01
Is ready to assess and critically approach situations and phenomena related to accounting in business organizations.
S1_K02
Is ready to comply with professional ethical standards regarding accounting in business organizations.
Assessment criteria
Assessment in writing - multiple choice test; The resit examination in the second term takes place in the form of an oral answer
Bibliography
Michalski G., (2018) Strategiczne zarządzanie płynnością finansową w przedsiębiorstwie, CeDeWu.pl, Warszawa
Kreczmańska – Gigol K. (red) (2010) Aktywne zarządzanie płynnością finansową przedsiębiorstwa, Difin, Warszwa
Zimon G. (2019) Zarządzanie kapitałem obrotowym w przedsiębiorstwie, CeDeWu.pl, Warszawa
Grabowska M. (2018) Zarządzanie płynnością finansową przedsiębiorstw, CeDeWu.pl, Warszawa
Edited By Iman van Lelyveld, Hilbers P. , Bonner C., (2016) Liquidity Risk Management and Supervision: A Guide to Better Practice, Risk Books
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: