What is short-term financial management?


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–          Short-term financial management is best pursued within the context of a company’s cash budgeting.

–          Cash budgeting is the setting-forth of the company’s cash inflows and outflows of cash over some future time period, usually near-term.

–          Without a projection of a company’s cash position, there is no raw data upon which to base management decisions.

–          Without some detailed knowledge of when and how mush cash a company needs or has in excess, there could be last minute please to the bank for loans or detrimental effects on the business. Excess cash is, on the other hand, destined to be a low-earning asset.

 


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