This course is ideal for professionals who want to learn how
to manage their working capital more effectively. By taking this course,
participants will gain a comprehensive understanding of the principles and
practices of working capital management, practical tools and techniques to
optimize cash flow, improve liquidity and financial health, manage risks, and
make informed financial decisions. Ultimately, the course provides essential
knowledge and skills that can be applied in real-world business settings,
making it a valuable asset for anyone seeking to improve their working capital
management capabilities.
Explain the link between cash and working capital and the importance of managing working capital effectively.
Describe the components of the cash conversion cycle (CCC) and how changes to the cash flow timeline can impact working capital management.
Evaluate the impact of changes to the CCC on working capital management and external financing requirements.
Compare and contrast current asset investment and financing strategies and summarize the benefits and drawbacks of each.
Evaluate the trade credit policies and forms of credit extension available to a firm and develop a plan for managing accounts receivable. (Creating)
Operating Cash Flows
Cash Flow Timeline
Float
Days Inventory (DI)
Days Receivables (DR)
Days Payables (DP)
Understanding the CCC
Evaluating the Impact of Changes to the Cash Flow Timeline
Changes in Current Assets
Changes in Current Liabilities
External Financing Requirements
Current Asset Investment Strategies
Current Asset Financing Strategies
Summary of Investing and Financing Strategies
Relationship between Treasury and Credit Management
Trade Credit Policies
Forms of Credit Extension
A/R Management
Cash Application
Considerations Pertaining to Terms of Sale
Financing A/R
A/R Balance Pattern
·
Financial Analysts
·
Treasury Managers
·
Cash Managers
·
Controllers
·
Chief Financial Officers
(CFOs)
·
Accountants
·
Budget Analysts
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Risk Managers
·
Investment Bankers
·
Commercial Bankers
