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The Importance of Cash Flow Planning for Closely Held Businesses
Author(s) -
Strobel Caroline D.
Publication year - 2015
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22098
Subject(s) - cash flow , business , continuation , cash flow forecasting , cash management , component (thermodynamics) , cash , process management , operations management , marketing , finance , economics , computer science , physics , thermodynamics , programming language
Cash flow planning for owners of closely held businesses is an important component to the ultimate success and continuation of that business. This article presents a number of important planning issues that require careful consideration concerning the adequacy of cash flow generation. Looking ahead and planning for the smooth transition of a business to new management is necessary for the financial well‐being of a family. © 2015 Wiley Periodicals, Inc.