Working capital is the difference between current assets and current liabilities. It is not to be confused with trade working capital (the latter excludes cash). The basic calculation of working capital is based on the entity's gross current assets. retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. They offer through a variety of delivery channels and through their specialized subsidiaries in the area of

levels, of financial statement analysis, financial planning, principles of valuation, capital budgeting, capital structure, and issues in financial policy, and to apply financial theory to analyze real life situations in an uncertain environment with an incomplete data set. Student Learning Outcomes Level Two – Financial Decision Making Page 6 of 7 Working capital management and short-term financing – weighting 10% Working capital management The nature and purpose of working capital The working capital cycle Working capital needs of different forms of business The interpretation of working capital ratios