Current assets are of vital importance for companies since working capital depends on them. For this reason, accounting strategies focused on strengthening the management of current assets are a valuable tool to achieve efficient financial management in the company.
On the other hand, every day that passes the business world requires alternatives that promote effectiveness, efficiency, productivity and proper management of financial, human and material resources, promoting the proper management of current assets and the proper management of cash liquidity, with the vision of preventing the company from having problems with profitability and availability.
If these controls do not exist, the company's cash management can be lost and then there will be shortages in inventory control, increased costs, poor cash control, absence of organizational strategies that allow timely financial and accounting management, which results in a weakness of internal controls that allow monitoring and management of both cash and inventories..
It is also important to note that when administrative control is lost, this also creates an absence of accounting and administrative strategies that do not allow strengthening the proper management of current assets, creating weak internal control in the organization, little professional support, constant variation of prices, hyperinflation.
To conclude we say that a weak financial and accounting management, decreases the economic benefits, increasing the risks of non-compliance of obligations and hindering the financial, fiscal and operational expansion..