TREASURY MANAGEMENT - COMPANION FILES
julianrsterling.com/treasury

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Revised 24 September 2026.

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WHAT IS IN THE ARCHIVE

1. The book's five workbooks, completed
   Bramwell_The_Five_Balances.xlsx          Chapters 1, 3 and 12
   The_Liquidity_Test.xlsx                  Chapters 4 to 7 and 12
   Working_Capital_and_the_Discount.xlsx    Chapters 8 to 11
   Hedging.xlsx                             Chapters 13 and 14
   Banks_Payments_and_the_Report.xlsx       Chapters 15 to 18 (new)
   00_START_HERE.md                         what changed is at the end
   Every figure the book prints now has a live formula and a check:
   426 checks, all PASS.

2. Blank_Model_Set/  (new)
   The five workbooks with every input emptied, for your own group. Each
   checks sheet counts what is still missing and tests what holds for any
   inputs. The book's figures are in book_inputs.txt: type them back in
   and the book's results come back.

3. Working_Documents.pdf  (new)
   Thirteen printable pages: the five readings, the cash map and the
   five-day test, the forecast error log, minimum liquidity derived, the
   day the revolver is not there, the price of liquidity, working capital
   and the discount test, the supply chain finance review, pooling and net
   debt three ways, rates and the currency, the surplus and the wallet,
   payment controls, and the one-page treasury report. A4, fits Letter.

4. Forty_Questions.xlsx  (new)
   Forty questions across the book, marked by the file as you type.

5. Cases/  (new)
   Case_1_The_Slice_Worth_Paying.xlsx                Chapters 3 and 11
   Case_2_The_Partial_Draw.xlsx                      Chapters 6, 7 and 10
   Case_3_The_Option_The_Book_Does_Not_Price.xlsx    Chapter 14
   Each case: the note on the first sheet, the model after it, checks at the end.

The files open in Excel, LibreOffice Calc, Google Sheets and Numbers. No macros.
