Cash and Working Capital
"If we were to retain an element of monitoring that would be cash. What is more enjoyable than to see its level increasing ? Without questioning the future through investments to be made, of course, but these are even more easily financed when cash is well managed"
Observations usually made:
> Miscomprehension of the cash formation, where does it come from, where it goes, how to improve it in the absence of credit facilities from the bank, without any income or even if losses occurred.
> High risk of fraud and overall deficiency in internal control.
> Absence or weakness of forecasts, and when they are in place, lack of supervision from the management.