Cash Flow Management & Working Capital Optimisation

3 days 8-10 Aug 2017, London UK £3,645.00 + VAT* Download brochure Add to basket
3 days 13-15 Dec 2017, London UK £3,645.00 + VAT* Download brochure Add to basket

* Claim back your VAT
Find out more

Request a different date or location for this course (we regularly add courses following requests).

{{alternativeRequestSuccess}}
{{alternativeRequestError}}

* Claim back your VAT
Find out more

Overview

In an environment where ‘Cash is King’ this course will teach you how to manage your working capital and maximise the use of cash within your 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.

This 3-day course will provide and in-depth analysis of an organisation’s working capital accounts throughout each phase of the business operating cycle and looks at how to manage them for maximum efficiency. 

The course is aimed at finance professionals who have an impact of 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. Some of the areas the course will cover include:

  • 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


Who should attend

  • 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 organisations
  • Business owners wanting to analyse the cash operating cycle of their companies

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

London
Frank J. Beil
The course instructor is a CPA and recognised expert in financial accounting. He has advised the Financial Accounting Standards Board (FASB) on the Codification Project on Revenue Recognition. He also conducts seminars on Accounting and Auditing Update, Fair Value Measurements, Accounting for Retirement Benefits, Accounting for Leases, Accounting for Revenue Recognition, Accounting for Derivative Instruments and Hedging Activities, and Accounting for Business Combinations.

He is a Managing Director of a firm which specialises in the Energy Industry by consulting on effectively managing operating and financial risk. He is also a Senior Lecturer in Accounting and Adjunct Professor of Management at a leading University. His previous experience includes holding positions as CFO for both businesses and non-profits as well as conducting auditing and accounting work for numerous publicly traded companies in the U.S.

He has published articles on accounting topics including Revenue Recognition: Fundamental Principles and Multiple Element Arrangements, and Revenue Recognition: Products and Services, and was named Price Waterhouse Coopers Outstanding Faculty of the Year. 

The course instructor holds a Masters of Science in Accounting & Taxation from the University of North Dakota, and a Bachelor of Science in Business Administration from the University of Wisconsin.

Venue

London

Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses

Inhouse

We can bring this course to your company's office.

If you simply want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. Our tailored learning solutions are designed specifically for your organisation’s needs.

We’ll be here to support you every step of the way. From the initial consultancy through to evaluating the success of the full learning experience. We'll ensure you get the maximum return on your training investment.

Find out more

Agenda

Day 1

  • Working Capital Policy
    - Importance of Working Capital
    - Operating Cycle Analysis
    - The cash conversion cycle
  • Levels of Working Capital Investment
    - Profitability versus risk
  • Use of short term and long term debt
    - Profitability versus risk
    - Fluctuating current assets
    - Permanent long term assets
  • Short term credit
    - Cost of short term funds
  • Trade credit
    - Cost of trade credit
    - Stretching Accounts Payable
    - Accrued expenses and deferred income
  • Loans
    - Single loans
    - Line of Credit
    - Revolving credit agreement
  • Accounts Receivable Loans
    - Pledging accounts receivable
    - Factoring accounts receivable
    - Warehouse financing arrangements
  • Comprehensive Case on Managing Working Capital

Day 2

  • Managing Accounts Receivable
    - Elements of receivables management
    - Monitoring the receivables cycle
    - Accounting for uncollectible accounts
    - Sales financing
    - Credit reporting
    - Asset based financing
    - Cases (2) on receivables management
    - Inventory and Working Capital
    - Elements of inventory management
    - Monitoring inventory turnover
    - Economic order quantity
    - Balancing inventory levels
    - Just in time
    - Managing your supply chain
    - Asset-based financing
    - Cases (2) on inventory management

Day 3

  • Third Party Financing
    - Payable management
    - Payables monitoring
    - Cash conversion cycle revisited
    - Payables and payroll alternative
  • Putting it altogether
    - Simulation: Working capital management
    - Debriefing the simulation
  • Managing working capital
    - Risk analysis
    - Risk management
    - Efficiency of working capital
    - Liquidity and working capital
    - Costing transactions that involve working capital
    - Cases (2) on managing working capital

Course summary and close

Why us


We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product