2004 | OriginalPaper | Chapter
Tax and Accounting
Author : Robert Cooper
Published in: Corporate Treasury and Cash Management
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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In all the preceding chapters, treasury activities have been approached from the standpoint of economic value. Do the treasury activities protect the company from financial risk and do they add value to the organization? The question of adding value is usually tackled from the standpoint of reducing costs and giving greater certainty to cashflow and earnings numbers.