Lecture Notes
Title: “Advance Payment Management: Prepaid Purchases and Strategies"
1. Purchase of Goods or Services with Immediate Payment
• Operation Description: In this operation, as in subsequent ones, investments are
made using available funds obtained from previous financing operations.
• Investment: Inflow of goods or services, resulting in cash outflow.
2. Purchase of Goods or Services with Advance Payment
• Investment: Increase in supplier credits, involving an outflow of cash due to advance
payment.
3. Granting Financing Credits to Third Parties
• Investment: Increase in financing credits, accompanied by a cash outflow due to
credit extension.
4. Investments and Disinvestments
Investments: Utilization of resources for acquiring productive assets or providing financing
to third parties.
Disinvestments: Retrieving previously used funds through:
• The termination of financing extended to third parties.
• The sale of goods or service provision.
• A disinvestment can also involve a simultaneous different type of investment.
5. Purchase of Goods or Services with Deferred Payment
• This operation results in both an increase in financing and an increase in
investments.
6. Extinction of Financing Credit Granted to Third Parties
• This operation leads to a cash inflow and a decrease in financing credits.
7. Extinction of Credits Arising from Deferred Payment Sales
• It results in a cash inflow and a decrease in operating credits.
8. Sale of Goods or Services with Immediate Payment
• This operation allows the retrieval of liquid funds (cash or available in bank and postal
accounts).
9. Sale of Goods or Services with Deferred Payment
• This operation simultaneously involves disinvestment of previously used funds in
purchasing productive assets and investment in extending financing to customers.
10. The Flow of Management
• Acquisitions are investment operations, while sales are disinvestment operations.
• Availability of productive assets is essential for business operations.
• New financing may be necessary when investment needs differ from disinvestment
timing, leading to disparities between cash inflows and outflows.
• Financing involves both equity and external capital.
