THE CORRELATION BETWEEN CASH MANAGEMENT AND COST MANAGEMENT (CROSBI ID 677937)
Prilog sa skupa u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Pepur, Petar ; Peronja, Ivan ; Laća, Stjepan
engleski
THE CORRELATION BETWEEN CASH MANAGEMENT AND COST MANAGEMENT
Cash and cost represent an essential element of each business. There is no business without cash and costs, therefore through the business management emphasis is placed on the cash management and the cost management. Starting from the fact that every activity cause the costs and that cost are impossible to avoid, the companies treat the costs as a negative business component which companies trying to reduce through the cost management. The old saying "cash is king", points the role and meaning of cash in the business. Cash represents the most significant assets of the company. The role of cash in the business is particularly pronounced in today’s business conditions when access to cash is difficult and expensive. Cash managing has become a major challenge in business management and main tools for improving business performance. Cash management ensures liquidity and solvency of the company and avoiding bank loans and resulting financial cost. The cash gap presents cash management model for cash managing, which company trying to reduce. The cash gap reduction refers to the reduction difference in days between the date when a company pays cash out for the inventory it purchases and the date it receives cash from customers for the same inventory. By cash gap reduction the companies trying to avoid expensive bank loans and additional financial cost. From this, it can be concluded that the companies with the shorter cash gap should have lower financial costs. Previous research explored the effectiveness of cash management through the impact on profitability and resulting indicators, they didn’t explore the relationship between the cash gap and financial costs, so the aim of this research is determine correlation between cash management and cost management through the relation of cash gap and financial cost. The research was conducted on a sample of commercial companies which are the most represented sector in Croatia by using the statistics program SPSS.
cash, cost, cash management, cost management
Cjeloviti rad dostupan na poveznici: file:///C:/Users/PFST- User/Downloads/GIH%20Zbornik%202019.pdf
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Podaci o prilogu
500-509.
2019.
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objavljeno
Podaci o matičnoj publikaciji
Međunarodni znanstveni simpozij Gospodarstvo istočne Hrvatske – jučer, danas, sutra
Leko Šimić, Mirna ; Crnković, Boris
Osijek: Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku
1848-9559
Podaci o skupu
8th International Scientific Symposium: Economy of Eastern Croatia – Vision and Growth
predavanje
30.05.2019-31.05.2019
Osijek, Hrvatska