Optimization of the company's cash flow

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Page 66 of 124
II. DATA COLLECTION TOOLS For what is a financial resource, this analysis is more specified in the banking sources from an angle where the company deals with bankers and financial institutions to manage the overdraft and the loans seeing that they both represent the main source in finding funds for the company. 1. ACCOUNTING DEPARTMENT: Accounting service is considered as one of the most important resources for the company seeing that they are the first people to have the legal justifications of having funds, spending funds and possible spending. The accounting service as it’s in mutual contact with the treasury, its role is to provide any illegal transaction of the company. As for their function, they’re responsible on doing the daily follow of the financial flows in the company’s bank accounts and treasury, therefore, their mutual contact with the cash manager is based on verifying either the transaction have been done on the right time with the exact amount of cash in the appropriate bank account and then inform immediately the treasury department. 2. TREASURY DEPARTMENT: The Treasury is on the top of the financial sources for this study or analysis, seeing that they have the main role in gathering all the financial information about the existence of flows inside the company and for how long these flows could stay stable. As a treasury department; their main function is to analysis the daily fluctuations and variations of the financial flows of the company in order to justify the balance at the end of the day. Usually this operation of following the daily transaction and cash flows, depends mostly on the relation and information that this department gets from the purchasing department seeing that the main activity of this company is the distribution, and the main profit is managed or realized by buying the most of the company’s products and goods and sell them on the market. The treasury department is responsible also on the elaboration of the forecast financial study of the company, which allows them to have the first idea and prediction about the amount of the flows that the company might have by the end of the month or even the day. This elaboration gives the department the priority of controlling the extra funds or the deficit is existed according to the financial administration decision. Therefore, this department is considered as the main source of knowing the nature and variability of the flows inside the company and therefore control these flows. 3. THE FINANCIAL ADMINISTRATION: The financial Direction is mostly directed by the global direction or the DG as they call it. Its main role is to contribute in the analysis of the financial situation of the company or most, managing the cash flows of the company in a way that they get to be managed, controlled, optimized and well organized in the short term as for the long term. This direction was a first source information for my study seeing that they are the head of the treasury department that allowed me to have the exact information on the treasury and the cash flows. The gathered information from this direction were a source of elaborating the analysis and study of the direction of the forecast (global scenarios that could be elaborated). Page 67 of 124
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The Optimization of the Cash-Treasu
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FOREWORD Nor obtaining the diploma
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This project research is dedicated
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LIST OF ACRONYMS AND ABBREVIATION
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Figure n°1: Determination of the o
Page 15 and 16: TABLE OF CONTENTS Foreword ........
Page 17 and 18: SECOND PART: THE PRACTICE OF THE CA
Page 19 and 20: ABSTRACT Inside a world full of ban
Page 21 and 22: In addition, the monetary risk is a
Page 23 and 24: A good financial situation is chara
Page 25 and 26: Experience and observation prove th
Page 27 and 28: Whereas part of stocks was practica
Page 29 and 30: C = ax² + bx + c When the demand a
Page 31 and 32: The “Stocks” flow time: Average
Page 33 and 34: It indicates to what extent the rea
Page 35 and 36: RESULTS + FINANCIAL INTERESTS / FIN
Page 37 and 38: ANNUAL SALES H.T / NET FIXED ASSETS
Page 39 and 40: 4 - LIMITS THE PREDICTIVE VALUE OF
Page 41 and 42: This opposition led to the establis
Page 43 and 44: It will similarly be to calculate t
Page 45 and 46: However, this document synthesizes
Page 47 and 48: The cash has then for each day (or
Page 49 and 50: (b) SHORT-TERM DATA: Beyond the ver
Page 51 and 52: These three presentations are well
Page 53 and 54: Manage cash consists, in the tradit
Page 55 and 56: Anyway many authors have developed
Page 57 and 58: Either they consist on interest or
Page 59 and 60: (a) Economies of scale in the deten
Page 61 and 62: Type of Risk Analyze the Risk Evalu
Page 63 and 64: They may have originated an investm
Page 65: I. PRESENTATION OF THE ANALYSIS MOD
Page 69 and 70: Part II: The Practice of the Cash-
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Page 73 and 74: 8. Development: Currently, this dep
Page 75 and 76: B. Dynamical competition While the
Page 77 and 78: 1.2 - The existence and the importa
Page 79 and 80: December - 2014 0,00 DH 1 599 918,6
Page 81 and 82: (a) Four sources of costs can be id
Page 83 and 84: 20 000 000,00 DH Figure n°5: INFLO
Page 85 and 86: Therefore; when the company realize
Page 87 and 88: implementing rules are poorly known
Page 89 and 90: Regardless of the method chosen, it
Page 91 and 92: date, but whose amount is known (e.
Page 93 and 94: 30% of the Turnover in the fifth pe
Page 95 and 96: OVERDRAFT’S COSTS = [33.000.000 D
Page 97 and 98: 3 ° - The Customer-Loan Control Co
Page 99 and 100: Profitability is the guarantee of t
Page 101 and 102: (b) The Positive Effect. Swelling o
Page 103 and 104: 2.2 - The influence of investment o
Page 105 and 106: There are thus two sets of 12 month
Page 107 and 108: S = The starting stock (possibly) +
Page 109 and 110: This chart is reserved to make clea
Page 111 and 112: operation wasn’t beneficial enoug
Page 113 and 114: 50% is paid to the supplier 14 days
Page 115 and 116: Figure n°18: Daly Balance of IWACO
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Regarding the previous chapters, an
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THE CONCLUSION Page 119 of 124
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Investment and its financing, Trai
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