Advanced model for working capital management: bridging theory and practice
by Sari Viskari; Anita Ruokola; Miia Pirttilä; Timo Kärri
International Journal of Applied Management Science (IJAMS), Vol. 4, No. 1, 2012

Abstract: The paper introduces an internal information tool, the advanced cash conversion cycle (ACCC), for controlling the amount and cost of working capital, by refining and extending the concept of the weighted cash conversion cycle. The ACCC model has been developed with a real world value chain case from the pulp and paper industry, and it addresses issues overlooked in the prior model. The ACCC offers visibility through the value chain, elimination of the problem of a negative margin, a more simple calculation of accounts payables compared to the prior model, and new metrics to control working capital in companies.

Online publication date: Wed, 06-Aug-2014

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