This document discusses working capital and capital budgeting. It defines working capital as parts of charge transferring between people in a business. It outlines the importance and concepts of working capital, including its quantitative and qualitative concepts. It also discusses the components and types of working capital, classified by concept and nature. The document then defines capital budgeting as the process of evaluating and monitoring capital expenditures. It notes the long-term effects, high risk nature, and use of funds in capital budgeting. It also outlines the types of projects as profit-oriented or service-oriented.