3. Books
Text Book
โข WORKING CAPITAL MANAGEMENT by DR. R. P. RUSTAGI,
TAXMANN PUBLISHER
โข Reference Books
โข WORKING CAPITAL MANAGEMENT by BHALLA V K, ANMOL
PUBLICATIONS PVT. LTD.
โข WORKING CAPITAL MANAGEMENT : STRATEGIES AND
TECHNIQUES by BHATTACHARYA, HRISHIKES, PHI Learning Pvt
Ltd
4. Course Outcomes:
CO1 :: recognize the importance of effective working capital
management and its role in meeting the firm's strategic
objectives.
CO2 :: interpret comparative working capital management policies
and their impact on the firm's profitability, liquidity, risk and
operating flexibility.
CO3 :: design appropriate working capital management policies and
the likely short-term and long-term impact on the firm
5. Course Contents
โข Working Capital Management
โข Operating cycle
โข Financing of working capital and
banking policy
โข Ratio Analysis
โข Estimation and calculation
โข Receivables management
โข Cash management
โข Inventory management
6. Unit 1
Introduction : Working capital flow, Types and concepts of working capital,
Factors determining working capital requirement, Working capital policies,
Liquidity vs. profitability- A risk return trade-off, Optimum working capital
policy
Operating cycle : Operating cycle period
7. Unit 2
Financing of working capital and banking policy : Types of
spontaneous sources, Short term financing, Regulations of bank credit
in India
Ratio Analysis : Factors affecting liquidity, Measurement of liquidity,
Ratio analysis for measuring liquidity
8. Unit 3
Estimation and calculation : Estimation procedure, Estimation of
working capital requirement
9. Unit 4
Receivables management : Costs and benefits of receivables, Credit
policy, Credit evaluation, Factoring, Evaluation of credit policies
10. Unit 5
Cash management : Motives for holding cash, Theoretical
framework, Planning aspects, Control aspects, Float management,
Cash models
11. Unit 6
Inventory management : Introduction, Costs of maintaining
inventory, Techniques of inventory management, Methods of inventory
valuation
