*Assistant Professor, Department of Management Studies, Aalim Muhammed Salegh College of Engineering, Avadi - Iaf, Chennai-55, Tamilnadu, India.
**Assistant Professor, Department of Management Studies, Aalim Muhammed Salegh, College of Engineering, Avadi – IAF, Chennai – 600055, Tamil Nadu, India.
Online published on 29 September, 2017.
Finance is the science of funds management. The general areas of finance are business finance, personal finance, and public finance. Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money, risk and how they are interrelated. It also deals with how money is spent and budgeted.
Cash management is one of the key areas of working capital management. A part from the fact that it is the most liquid current assets, cash is the common denomination to which all current assets can be reduced because the other major liquid assets that are receivables and inventory get eventually converted into cash.
Accounts receivable is one of a sequence of financial accounting transactions dealing with the billing of a customer for goods and services he/she has considered. In most business entities this is usually done by generating a statement and mailing or automatically delivering it to the customer, who in turn must pay it within a recognized time-frame called "creditor expense terms."
The study is under taken to evaluate a business organization on the basis of its performance in terms of Revenue & profit. The study is based on last 5 years Annual Reports of Hotel Green Park. The study comprises of the cash & Bills Receivables of five consecutive financial years of the firm.
From this Study, One can know or plan about the day-to-day income and to know the optimum level of Cash and Bills Receivables as a good significance for the progress of the organization.
