Short-term financing needs play a vital role in ensuring the continuity of business activities, whether in industrial, commercial, or service enterprises. Understanding and effectively managing the operating cycle allows firms to maintain the necessary liquidity to cover daily expenses and achieve a balance between inflows and outflows.
This lecture aims to introduce students to the concept of the operating cycle, its stages, and the methods of determining the financing needs arising from it, highlighting the factors affecting these needs and the importance of their management.
- Teacher: Nadia Zouggaret