财务管理基础13版_09课件.pptVIP

Eliminates the need to accurately estimate each disbursement account. Only need to forecast overall cash needs. Zero Balance Account (ZBA): A corporate checking account in which a zero balance is maintained. The account requires a master (parent) account from which funds are drawn to cover negative balances or to which excess balances are sent. Methods of Managing Disbursements Example: A Vermont business pays a Maine supplier with a check drawn on a bank in Montana. This may stress supplier relations, and raises ethical issues. Remote Disbursement – A system in which the firm directs checks to be drawn on a bank that is geographically remote from its customer so as to maximize check-clearing time. This maximizes disbursement float. Remote and Controlled Disbursing Late check presentments are minimal, which allows more accurate predicting of disbursements on a day-to-day basis. Controlled Disbursement – A system in which the firm directs checks to be drawn on a bank (or branch bank) that is able to give early or mid-morning notification of the total dollar amount of checks that will be presented against its account that day. Remote and Controlled Disbursing Messaging systems can be: 1. Unstructured – utilize technologies such as faxes and e-mails 2. Structured – utilize technologies such as electronic data interchange (EDI). Electronic Commerce – The exchange of business information in an electronic (non-paper) format, including over the Internet. Electronic Commerce Electronic Data Interchange – The movement of business data electronically in a structured, computer-readable format. EDI Electronic Funds Transfer (EFT) Financial EDI (FEDI) Electronic Data Interchange (EDI) Electronic Funds Transfer (EFT) – the electronic movements of information between two depository institutions resulting in a value (money) transfer. EDI Subset Electronic Funds Transfer (EFT) Society of Worldwide Interbank Financial Telecommunications (SWIFT) Clearinghouse Inter