One Working Capital Management Strategic Tool: Interfund Transfers

Published for Death and Taxes on May 26, 2022.

By Michelle Lofton and Mikhail Ivonchyk Working capital management is a managerial strategy that monitors and uses current assets (e.g., cash, accounts receivable, and inventory) and current liabilities (e.g., accounts payable and notes payable) to ensure smooth operations. The purpose is to maintain cash flows for liquidity to meet short-term operating expenses and obligations. This integral part […]

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Topics - Local and State Government