This course features comprehensive training in understanding and managing cash flow, an essential aspect of business finance often overshadowed by profit calculations. The benefit for participants is the mastery of tools and techniques to effectively manage cash flow. You'll learn to differentiate between accounting profits and cash-based profits, understand the cash flow cycle, and develop skills in cash forecasting. This course also covers practical aspects like managing accounts payable, cash acceleration strategies, and selecting appropriate financing options. For professionals in the tax, accounting, and finance sector, this course offers the benefit of enhanced skills in advising businesses on critical cash flow decisions, ultimately contributing to the overall financial stability of the organizations they serve.
Learning Objectives
Upon successful completion of this course, you will be able to:
Chapter 1
Recognize cash flow and factors that affect cash flow
Identify cash management objectives and decisions
Chapter 2
Identify the difference between accounting profits and other profits.
Recognize how to compute and analyze cash liquidity.
Identify cash utilization options.
Chapter 3
Identify factors of the cash flow cycle.
Recognize the items recorded within a statement of cash flows.
Identify components of a cash budget.
Recognize cash expenses vs. non-cash expenses.
Chapter 4
Recognize items used for internal control and audit procedures.
Chapter 5
Recognize the benefits of cash forecasting and cash flow differences.
Chapter 6
Identify traits of a well-managed accounts payable system.
Recognize the warning signs of accounts payables.
Chapter 7
Recognize cash acceleration strategies.
Identify methods to delay cash payments for purchases, expenses, and payroll.
Identify collection problems.
Chapter 8
Recognize the process for a bank reconciliation and the use of float.
Identify some methods used for transferring funds and accelerating cash inflow.
Chapter 9
Recognize ways to select between financing options.
Identify ways to help with financing cash requirements for the business.
Chapter 10
Recognize the five Cs of credit and the criteria used by bankers for lending.
Identify the benefits of Zero-Balance Accounts (ZBAs).
Major Topics
The Nuts and Bolts
Analysis of Cahs Flow
Cash Budgeting and Optimal Cash Balances
Cash Forecasting and "What-if" Analysis
Managing Payables
Collection and Credit Management
Smart Banking
Obtaining Cash and Borrowing
Loan Qualifications and Banking Relationships
