Principles of Managerial Finance, 15th Edition

Chapter 16 Current Liabilities Management

Learning Goals

1. LG1 Review accounts payable, the key components of credit terms, and the procedures for analyzing those terms.

2. LG2 Understand the effects of stretching accounts payable on their cost and the use of accruals.

3. LG3 Describe interest rates and the basic types of unsecured bank sources of short-term loans.

4. LG4 Discuss the basic features of commercial paper and the key aspects of international short-term loans.

5. LG5 Explain the characteristics of secured short-term loans and the use of accounts receivable as short-term-loan collateral.

6. LG6 Describe the various ways in which inventory can be used as short-term-loan collateral.

MyLab Finance

Why this Chapter Matters to You

In Your Professional ...