Sources of working capital divided into borrowed, debt and equity.The main role belongs to the latter.They take part in the circulation of funds due to the fact that the organization, whose activities are based on commercial considerations, should have a specific independence (economic and operational).This is necessary not only to cost-effectively conduct business, but also take full responsibility for all decisions.
structure of fixed assets includes the manufacturing and non-productive assets.The first function in the course of the manufacturing process.They make it a permanent part and transfer their value to the finished product.Unproductive same funds used for the maintenance of the production process.They do not participate directly in the process and do not carry their value to the goods.
Education resources are at the time when it authorized the establishment of the fund at the company.Sources of working capital in this case - is the investment funds of the founders.In the process of completion of the activities carried out by means of the profits.
Sources of working capital may be stable liabilities.They do not belong to the enterprise.This stable liabilities turnover organizations are constantly and serve as a source of funds form the sum of the minimum balance.These include:
1. Minimum wage arrears to employees moving from month to month.
2. Provisions for anticipated expenditures.
3. carryover Consumer Fund.
4. minimum passing debt to non-budgetary funds and budget.
5. The results obtained in the form of pre-payment to creditors.
6. collateral customers for returnable packaging.
Borrowed sources of working capital it is advisable to involve reducing the overall economic need for them (means of circulation).At the same time it provides incentives more effective use of resources.
Borrowed funds are, as a rule, bank loans for short periods.Borrowed resources can satisfy temporary incurred additional needs.Among the main attraction of loans to revolving funds should be allocated:
1. Loans stocks of materials, raw materials and costs that are associated with the seasonal production process.
2. Calculations, mediation trafficking charges.
3. Short-term shortfall of own resources.
Practice shows that the borrowed funds in the form of loans used more effectively than the turnover of the company's own funds.This is due to the fact that loans to make the cycle more quickly, have a designated target.In addition, these funds are given a clearly defined period of time and accompanied by the payment of bank interest.These circumstances encouraged the organization to provide a permanent control over the movement of credit resources, as well as the effectiveness of their application.
should be noted that the borrowed funds may be not only short-term bank loans, and accounts payable.In the same category also includes other borrowed resources - reserves temporarily used for the intended purpose, the remnants of funds.
If the company in the implementation of the planned program of production is less than the actual amount of working capital than planned demand for them, there is a release of working capital.
