Loading...
CFA Level 1
Corporate Finance

Benefits of Efficient Accounts Payable Management

Very Easy Working Capital Management Accounts Payable Management

In the context of working capital management, accounts payable represents a company's obligation to pay off its short-term debts to its creditors. Effective management of accounts payable can improve a company's cash flow, extend payment terms, and strengthen supplier relationships.

Which of the following statements correctly reflects a primary benefit of efficient accounts payable management?

Hint

Submitted14.5K
Correct12.5K
% Correct86%