Officers of a corporation are appointed by the board of directors to execute the policies that have been established by the board of directors. The officers include the chief executive officer (CEO), the chief operations officer (COO), chief financial officer (CFO), vice presidents, treasurer, secretary, and controller. The officers of a corporation are appointed by […]

However, if the company knows a large account receivable is about to be paid, this might be reasonable. On the other hand, a short average collection period indicates that a company is strict or quick in its collection practices. While this might seem beneficial at first glance, as it provides the opportunity for quick cash […]