CORPORATE FINANCE

Session 07

Short-term finance and planning

Main textbook for the course : Ross, Westerfield, Jordan

Presentation of chapter 19 of the book

Numerical examples

The use of short term marketable securities

Flexible policy vs restrictive policy

Carrying costs vs shortage costs

The theoretical optimization possibility

Cash budgeting

Financing short term cash needs

• lines of credit

• inventory loans

• credit sales loans (insecured, secured)

• factoring

• Dailly