【正文】 ty strong, so its credit status is also higher in the capital market financing more easily, the cost is low. 2. What is the liquidity management A managerial accounting strategy focusing on maintaining efficient levels of both ponents of working capital, current assets and current liabilities, in respect to each other. Working capital management ensures a pany has sufficient cash flow in order to meet its shortterm debt obligations and operating expenses. 3. What is Liquidity management features In order to effectively manage working capital in firm, we must study the characteristics of working capital to manage targeted. Working capital generally has the following characteristics: (1) Short turnaround time. According to this characteristic, the working capital can be resolved shortterm financing. (2) Noncash form of working capital such as inventory, accounts receivable, is easily change to cash, it is important that the firm meets the temporary demand for funds. 河北大學(xué)工商學(xué)院 2021屆本科生畢業(yè)論文（設(shè)計） 17 (3) The number has the volatility. Current assets or current liabilities vulnerable to the impact of internal and external conditions, the number of fluctuations are often large. (4) Sources of diversity. Working capital needs through longterm funding solution can also be resolved through shortterm financing. 4. What Dose Function the Working Capital Management Have? Working Capital Management is an important aspect of financial management and also the most time consuming job for financial managers. They have to monitor the working capital as it is continuously absorbing and releasing funds .In addition, financial managers have to put considerable efforts in ensuring that sources of funds are also made available. Good working capital management can be to ensure that the firm continues its operations and to ensure that the firm has sufficient ability to satisfy both maturing shortterm debt and uping operational expenses. The management of working capital involves cash management, accounts receivable management and inventory management. 5. Why the liquidity management is Impotence? Liquidity is the importance of each flow can produce revenue and profit and capital flow Thus the liquidity of turnover is for enterprise surplus of direct creator. The following for example analysis: the enterprise put in cost $10, through business behavior cash back $12, deducts cost $10 outside, still have surplus $2. Thus liquidity each cycle, can create profit $2. Turnover is a profitable have opportunity. Therefore we can say, floating capital every turnover namely direct created enterprise surplus. 6． Management of flow capital Management will use a bination of policies and techniques for the management of working capital. These policies aim at managing the current assets (generally cash and cash equivalents, inventories and debtors) and the short term financing, such that cash flows and returns are acceptable. ? Cash management. Identify the cash balance which allows for the business to meet day to day expenses, but reduces cash holding costs. 河北大學(xué)工商學(xué)院 2021屆本科生畢業(yè)論文（設(shè)計） 18 ? Inventory management. Identify the level of inventory which allows for uninterrupted production but reduces the investment in raw materials and minimizes reordering costs and hence increases cash flow。 Economic production quantity ? Account receivable’s management. Identify the appropriate credit policy, . credit terms which will attract customers, such that any impact on cash flows and the cash conversion cycle will be offset by increased revenue and hence Return on Capital (or vice versa)。狹義的流動資金＝流動資產(chǎn)－流動負(fù)債。 一個戰(zhàn)略管理會計策略焦點是維持營運資金這兩個組件效率水平，流動資產(chǎn)及流動負(fù)債為重點，兩個相互作用。根據(jù)這一特點，說明營運資金可以通過短期籌資方式加以解決。 （ 4） 來源具有多樣性。此外，財務(wù)經(jīng)理要付出大量的努力去考慮有效性并且確保資金來源。因之流動資金每一周轉(zhuǎn)，即可創(chuàng)造盈利 $2。這些 政策的目的是管理流動資產(chǎn)（現(xiàn)金及現(xiàn)金等值項目一般，庫存和應(yīng)收賬款）和短期融資，使得現(xiàn)金流和回報是可以接受的。確定庫存水平，從而可實現(xiàn)不間斷生產(chǎn)，而且降低了原材料的投資 成本，最大限度地減少重新排序 因而增加現(xiàn)金流量 。確定適當(dāng)?shù)娜谫Y來源。比率分析會導(dǎo)致諸如庫存管理，現(xiàn)金管理，管理的重點領(lǐng)域確定應(yīng)收賬款和應(yīng)付賬款管理。這兩個主要的營運資金管理方面的比例分析和資本各組成部分的管理工作。確定適當(dāng)?shù)男刨J政策，即信貸條件，從而吸引客戶，這樣，任何對現(xiàn)金流量和現(xiàn)金轉(zhuǎn)換周期的影響將通過增加稅收，因此資本 回報率（或反之亦然）抵消，看到折扣和津貼。確定現(xiàn)金平衡，為企業(yè)允許滿足日常開支，但減少現(xiàn)金持有成本。因此可以說，流動資金每一次周轉(zhuǎn)即直接創(chuàng)造了企業(yè)的盈余。營運資金的管理涉及 現(xiàn)金的管理、庫存的管理和應(yīng)收賬款的管理 流動 資金管理重要？ 流動資金的重要性在于每一次周轉(zhuǎn)可以產(chǎn)生營業(yè)收入及創(chuàng)造利潤， 流動資金 因而流動資金的周轉(zhuǎn)是為企業(yè)盈余的直接創(chuàng)造者。 4．流動資金管理的作用是什么 營運資金管理是財務(wù)管理的一個重要方面，