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identify and explain the key areas of accounts receivable management

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What are the objectives of working capital management?

Working capital management involves the relationship between a firm's short-term assets and its short-term liabilities. The goal of working capital management is to ensure that a firm is able to continue its operations and that it has sufficient ability to satisfy both maturing short-term debt and upcoming operational expenses. The management of working capital involves managing inventories, accounts receivable and payable, and cash.


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"Human capital management is the strategic management of employees to ensure that they stay happy and productive. Human capital is one of the biggest assets many companies have, and managing it well can be the difference between success and failure."


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