Table 16.1 TABLE 16.1 Managers who deal with short-term financial problems Duties Related to Short-Term Title of Manager Financial Management Assets/Liabilities Influenced Cash manager Collection,concentration,disbursement;short-term Cash,marketable securities, investments;short-term borrowing;banking relations short-term loans Credit manager Monitoring and control of accounts receivable;credit Accounts receivable policy decisions Marketing manager Credit policy decisions Accounts receivable Purchasing manager Decisions on purchases,suppliers;may negotiate Inventory,accounts payable payment terms Production manager Setting of production schedules and materials Inventory,accounts payable requirements Payables manager Decisions on payment policies and on whether to take Accounts payable discounts Controller Accounting information on cash flows;reconciliation of Accounts receivable,accounts payable accounts payable;application of payments to accounts receivable Source:Ned C.Hill and William L.Sartoris,Short-Term Financial Management,2nd ed.(New York:Macmillan,1992),p.15. 66 Table 16.1