Working Capital Management

Working capital management is a significant fact of financial management due to that it plays a pivotal role in keeping the wheels of a business enterprise running. Working capital management is concerned with short-term financial decisions have been relatively neglected in the literature of finance. Shortage of funds for working capital has caused many businesses to fail and in many cases, has recorded their growth, Lack of efficient and effective utilisation of working capital leads to earn low rate of return on capital employed or even compels to sustain losses. The need for skilled working capital management has thus become greater in recent years.