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Questions and Answers
What is one of the responsibilities of the treasury department mentioned in the text?
What is one of the responsibilities of the treasury department mentioned in the text?
- Monitoring current and projected cash flows (correct)
- Managing working capital
- Ensuring compliance with tax regulations
- Handling the receipt and disbursement of cash
What is an area of responsibility for the treasury staff mentioned in the text?
What is an area of responsibility for the treasury staff mentioned in the text?
- Compiling short-range and long-range cash forecasts (correct)
- Handling payroll processing
- Managing inventory levels
- Conducting external audits
What is the primary goal of the treasury department according to the text?
What is the primary goal of the treasury department according to the text?
- Ensuring sufficient cash available for primary business operations (correct)
- Minimizing working capital requirements
- Maximizing investment returns
- Optimizing tax planning strategies
What is a key component of cash forecasting and cash availability according to the text?
What is a key component of cash forecasting and cash availability according to the text?
What does the treasurer need to be prepared for, according to the text?
What does the treasurer need to be prepared for, according to the text?
Flashcards
Treasury Department Responsibility
Treasury Department Responsibility
Monitoring the inflow and outflow of cash to maintain optimal liquidity.
Cash Forecasting
Cash Forecasting
Creating predictions for cash inflows and outflows over different time horizons to prepare for cash needs.
Primary Goal of Treasury
Primary Goal of Treasury
To guarantee the company always has enough money to run day-to-day activities.
Working Capital Management
Working Capital Management
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Treasurer's Preparedness
Treasurer's Preparedness
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Study Notes
Treasury Department Responsibilities
- One of the responsibilities of the treasury department is to manage cash and funding
- An area of responsibility for the treasury staff is to maintain cash flow projections
Primary Goal of the Treasury Department
- The primary goal of the treasury department is to ensure liquidity and financial stability
Cash Forecasting and Availability
- A key component of cash forecasting and cash availability is accurate and timely cash flow projections
Treasurer's Preparation
- The treasurer needs to be prepared for cash shortages and surpluses by maintaining a cash forecast and managing cash flows effectively
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