## Overview

This module covers working capital management fundamentals, including the operating cycle, inventory control techniques, and receivables/payables management. Topics include EOQ model, ABC analysis, credit policy, and factoring invoice discounting.

## 1. Working capital concepts and policies

- [Elements of working capital and the operating cycle](acca-ffm-working-capital-concepts-and-policies-elements-of-working-capital-and-the-operating-cycle.md)
- [Cash conversion cycle and liquidity vs profitability trade-off](acca-ffm-working-capital-concepts-and-policies-cash-conversion-cycle-and-liquidity-vs-profitability-trade-off.md)
- [Aggressive vs conservative working capital policies](acca-ffm-working-capital-concepts-and-policies-aggressive-vs-conservative-working-capital-policies.md)

## 2. Inventory control

- [EOQ, reorder level, and safety stock](acca-ffm-inventory-control-eoq-reorder-level-and-safety-stock.md)
- [ABC analysis and basic JIT concepts](acca-ffm-inventory-control-abc-analysis-and-basic-jit-concepts.md)
- [Balancing ordering, holding, and stockout costs](acca-ffm-inventory-control-balancing-ordering-holding-and-stockout-costs.md)

## 3. Receivables and payables management

- [Credit policy, terms, and early settlement discounts](acca-ffm-receivables-and-payables-management-credit-policy-terms-and-early-settlement-discounts.md)
- [Ageing schedules, credit control, and collection procedures](acca-ffm-receivables-and-payables-management-ageing-schedules-credit-control-and-collection-procedures.md)
- [Factoring and invoice discounting vs internal administration](acca-ffm-receivables-and-payables-management-factoring-and-invoice-discounting-vs-internal-administration.md)

Free ACCA FFM Working Capital Management Study Guide