CASHFLOW MANAGEMENT AND WORKING CAPITAL OPTIMIZATION

Overview

This course will teach participants how to manage working capital and maximise the use of cash within thier organisation.  Working capital optimisation and management is the art, and increasingly the science, of organising a company’s short term resources to sustain ongoing activities, mobilise funds and optimise liquidity.

The training will provide an in-depth analysis of an organisation’s working capital accounts throughout each phase of the business operating cycle and look at how to manage them for maximum efficiency.

The training is aimed at finance professionals who have an impact on the working capital of a company or organisation, including corporate treasurers, accountants and purchasing specialists. It deals with both basic principles and wider practical strategies for businesses to employ

KEY LEARNING OUTCOME

At the end of this training participants would be able to:

• Read and understand balance sheets and profit-and-loss statements
• Understand the basic concepts of finance as it relates to their businesses
• Be aware of the singular importance of cash as the life blood of a business
• Focus on key management areas of inventory, accounts receivable and accounts payable
• Understand how to control and manage the cash flow of a business
• Forecast cash flows and draft a cash budget
• Evaluate projects based on their expected cash flows
• Incorporate risk into financial decisions

COURSE OUTLINE 

• Update on latest developments, tools and techniques to permanently improve your business’s cash position and improve working capital
• What drives cash flow and opportunities for improvement?
• Discover relationship between cash flow and profit and risk
• Customer Payments – International issues and solutions
• Lean principles applied to accounts receivable
• Develop meaningful KPI’s that measure the effectiveness of your working capital and cash management strategy
• Gaining more credit from suppliers
• Identifying and managing vendor risks
• Plan and forecast working capital with greater effectiveness and accuracy

TARGET PARTICIPANTS:

• Accountants with reporting and/or recording responsibilities for working capital accounts
• Business managers with responsibilities for managing the cash operating cycle
• Finance professionals in the treasury function of their organizations

COURSE DURATION: 2 Days