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This booklet deals an approachable consultant to all key innovations inside company finance.
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A FOOL AND HIS MONEY ... Note that we subtract the change in NWC, not the NWC. Cash disbursements from previous years have already been made. Only the cash outflow corresponding to this year’s growth will be subtracted. We will leave the subject of cash flows there. Readers who wish to unravel the mysteries of cash flows from investment activities, cash flows from financing activities or surplus liquidity are advised to pursue their quest for knowledge elsewhere, with our blessing. Conclusion I could not help laughing at the ease with which he explained his process of deduction.
1 of short-term debt. 0 This has a twofold advantage: ● ● Assets now contain only investments (fixed assets and NWC). Liabilities now contain only financing items (the amount of debt indicated is what remains after any potential repayment). And it’s easier to read! DIALOGUE Rosencrantz: Guildenstern: Rosencrantz: Guildenstern: So we’ve changed the terms. Before, in the accounting presentation, we had assets and liabilities. Now, with this financial presentation, we’re taking about capital employed.
Thus, there’s a difference between the ‘potential’ cash flow and the cash flow actually obtained. What interests the company’s accountants is what they have immediately available in the company bank account. This is the money they will use to pay their suppliers and employees and to cover other expenses at the end of the month. Variations in accounts receivable will also have to be removed from the cash flow calculation because the £30M has been invoiced (hence present in sales), but not received (not present in cash).