The purpose of this report was to identify systems for the control of Working Capital. In order to do this I have divided my report into three sections: 1) The Theory of Working Capital , 2) Examination of Systems in a Manufacturing Company, 3) Comparison of Theory Versus Practice. Working Capital is defined as Current Assets less Current liabilities. The main objective in managing Working Capital is to balance the liquidity of a business with its profitability. Working Capital controls are therefore vital to the eminent running of any business. I had approached four different companies initially to assist me in my project but was surprised to find a general lack of formalised systems in place. If this is generally true of Irish Businesses then there is a huge education gap that needs to be filled. Taking the above into account I proceeded to identify as far as possible what systems were in place in the company which I examined (i.e. Rennicks Manufacturing); But I had to conclude that a situation of 'AD-HOC' controls were more the rule than the exception. In conclusion I would feel that a survey of Irish Business's use of working Capital formalised systems would show interesting and possibly disturbing results.