Die Arbeit stellt exemplarisch einige zins- und nicht zinsgebundene kurzfristige Finanzierungsmöglichkeiten (verschiedene Varianten von Bank- und Handlungskrediten) vor und nennt dabei Vor- und Nachteile der jeweiligen Instrumente. Schwerpunkt der Arbeit ist das Management des Working Capital mit Inventar- sowie Forderungsmanagement.
Table of Contents
- Executive Summary
- List of Abbreviations
- List of Figures
- List of Tables
- Introduction
- Financing
- Systematization of Financing Alternatives
- The Role of Working Capital
- Alternatives in Short Term Financial Instruments
- Interest bearing Short Term Financial Instruments
- Overdraft credit
- Discount credit
- Advance against security
- Non Interest bearing Short Term Financial Instruments
- Trade Credit
- Interest bearing Short Term Financial Instruments
- Managing of Working Capital
- Inventory Management
- Accounts Receivable Management
- Pledging of receivables
- Factoring
- Credit and Collection Policy
- Managing Payables and Accruals
- The Short Term Financing Decision
Objectives and Key Themes
This work aims to provide an overview of short-term financing options available to companies, focusing on their advantages and disadvantages. It explores the importance of working capital management and how it can contribute to a company's financial independence. The text analyzes the various instruments used in short-term financing, highlighting their impact on the company's cash flow and capacity to act. Key themes of the work include:- Systematization of short-term financing alternatives
- The role of working capital in financial management
- The advantages and disadvantages of interest bearing and non-interest bearing short-term financing instruments
- The impact of working capital management on a company's financial independence
- The short-term financing decision and its influence on the company's overall capital structure
Chapter Summaries
The work begins with an introduction to the importance of financing for companies, particularly short-term financing, which guarantees a company's capacity to act. The chapter then discusses the impact of the financial crisis on traditional financing methods, emphasizing the need for companies to explore alternative instruments. The following chapter dives into the systematization of financing alternatives, highlighting the importance of working capital and its role in managing the cash-flow cycle. This section underscores the importance of minimizing the time between receiving and paying money. Subsequent chapters delve into the details of short-term financing instruments. They outline the advantages and disadvantages of interest bearing instruments such as overdraft credit, discount credit, and advance against security. The text also explores non-interest bearing instruments like trade credit, analyzing their benefits and potential challenges. The work then focuses on working capital management, covering inventory management, accounts receivable management, and managing payables and accruals. This section emphasizes how effective working capital management can contribute to a company's financial independence and reduce reliance on external financing. The final chapter discusses the short-term financing decision, emphasizing the need for managers to carefully consider the costs associated with different instruments and how their choices impact the company's overall capital structure.Keywords
The main keywords and focus topics of the work include short-term financing instruments, working capital management, cash flow, financial independence, interest bearing and non-interest bearing financing, overdraft credit, discount credit, advance against security, trade credit, inventory management, accounts receivable management, managing payables and accruals, short-term financing decision, and capital structure.
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- Diplom-Pädagoge Michael Kemmer (Author), 2009, Alternatives in Short Term Financial Instruments and Criteria for Short Term Financing Decisions, Munich, GRIN Verlag, https://www.grin.com/document/133517
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