of working capital is part of good financial management. Effective use of working capital will contribute to the operational
efficiency of a department; optimum use will help to generate maximum returns.
can be used to identify working capital areas which require closer management. Various techniques and strategies are available
for managing specific working capital items.
cash and in some cases inventories are the areas most likely to be relevant to departments.
The Management of Working Capital V. L. Gole (1987) Information Australia,
0 949338 44 3
Modern Working Capital Management F.C. Scherr (1989) Prentice Hall,
ISBN 0 13
Working Capital Management J.J. Hampton (1989) John Wiley and Sons,
ISBN 0 471
Current Asset Management J.G. Kallberg and K.L. Parkinson (1984) John Wiley and Sons,
ISBN 0 4711 87090 0