Cash management or the management of an entity’s liquidity, requires an understanding of the assets and liabilities that directly affect the flow of cash resources. Cash forms part of the working capital of an entity, and all the elements of the working capital have a direct influence on the cash flows.
During this course, we will discuss the major elements of working capital and their impact on the cash resources of the entity. We will also analyse the efficiency of an entity at managing their working capital and sources/uses of cash resources. Finally, we will look at ways of forecasting the cash flows of an entity.
At the end of the course, there will be an exam and upon successful achievement of the pass mark, a certificate will be issued and the successful participants will also receive NASBA CPE credits.
- Understanding of how to manage each major element of working capital.
- Understanding of how to forecast the cash impact of working capital.
- Ability to analyse liquidity and working capital efficiency.
- Understanding the sources of funding and uses of excess cash resources.
- Ability to create cash flow forecasts.
WHO SHOULD ATTEND?
This program is designed for delegates who wish to understand how to manage cash resources by managing working capital. It would benefit both individuals without previous knowledge of financial accounting and those who have some experience, as there is a focus on the impact on cash resources. However, no previous knowledge of financial accounting is required, as we will cover the basics before going into more detail.
Individuals in the following job descriptions, as well as those with an interest in cash management, would benefit from this course:
- Management accountants
- Financial accountants
- Financial analysts
- Finance managers
- Corporate accountants
- Financial controllers
- Budget and forecasting controllers
- Financial planning and analysis managers
CERTIFICATE IN CASH MANAGEMENT CERTIFICATION
Elevating management accounting – Two of the world’s most prestigious accounting bodies, the American Institute of Certied Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA), have formed a joint venture to establish the Chartered Global Management Accountant ® (CGMA®) designation. The designation recognises the most talented and committed management accountants with the discipline and skill to drive strong business performance. The route to the CGMA designation includes a combination of exams, experience and is educationally equivalent to a master’s degree.
– An introduction to financial accounting
– What is working capital and why is it important?
– Working Capital Management
– Accounts payable
– Accounts receivable
– Short term sources of finance
– Cash Flow analysis
– Cash management
– Non-current assets
– Non-current liabilities
– Cash flow forecasting