What is the goal with regard to managing accounts payable as it relates to the cash conversion cycle Briefly describe the process involved in managing the accounts payable function ...

Accounts payable management is concerned with the time ...

What is the goal with regard to managing accounts payable as it relates to the cash conversion

Question:

What is the goal with regard to managing as it relates to the ? Briefly describe the process involved in managing the function.
Cash Conversion Cycle
Cash conversion cycle measures the total time a business takes to convert its cash on hand to produce, pay its suppliers, sell to its customers and collect cash from its customers. The process starts with purchasing of raw materials from suppliers,... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...