Page 137 - Accounting Best Practices

c06.qxd 7/31/03 1:43 PM Page 126
Cash Management Best Practices
126

Exhibit 6.3 Impact of Best Practices on the Cash Management Function

SUMMARY

This chapter is unusual in that none of the best practices presented are mutually
exclusive, nor are any of them especially difficult to implement, and they can be
created at low cost, in most cases. As a result, this is a prime area for an account-
ing manager to explore in order to achieve the highest possible level of cash
management efficiency. Best of all, efficiency in this area directly equates to hav-
ing more cash available for investments, which has a direct impact on company