Code Date Venue Fees
FI001 29 Apr - 03 May 2018 Dubai - UAE $4,750 Register
FI001 14 - 18 Oct 2018 Dubai - UAE $4,750 Register
Home » Seminars » Finance & Budgeting » Advanced Cash Flow & Working Capital Management

Introduction

In recent years there has been a growing recognition that, in the long run, effective management of cash flow is more important than profit. Long-term cash flow is the real value of a business. It has also been recognised that there is significant potential for improved financial performance from the more effective management of working capital – both directly from immediate cash gains and reduced net interest costs, and indirectly through its impact on increased profitability and return on capital employed. A key challenge in achieving these performance improvements results from the fact that actual levels of working capital and delivery of cash flow are effectively determined by the day-to-day actions of a great many managers and staff, which in large corporations often run into tens of thousands. 

This training seminar will highlight:

  • Optimising working capital
  • Managing accounts receivable
  • Managing inventory
  • Strategic management of cash & working capital
  • Planning, forecasting and monitoring cash and working capital
  • Financial modelling tools and techniques for cash and working capital management

Objectives

The objectives of the training seminar are to provide delegates with the necessary tools and techniques to enable delegates to:

  • Acquire an understanding of the fundamentals of effective management of cash flow, including the optimisation of the level of working capital
  • Develop practical experience of how to manage cash flow and optimise working capital to facilitate such delivery in real life business situations
  • Increase personal financial skill levels
  • Develop confidence through understanding the major drivers of successful financial performance
  • Learn a number of technical skills, all of which lead to the ability to calculate the required figures and implement them into value adding business decisions

At the end of this training seminar, you will learn 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

Training Methodology

This training seminar is strongly participative, with a learning-by-doing style that makes extensive use of examples, and team-based exercises and case studies (both numeric/analytical and non-numeric/descriptive), and open discussion. A fair level of numeracy is an advantage on this course as is some prior familiarity with the financial basics of income statements, balance sheets, and cash flow statements (although this is not essential). The training course will include refresher sessions on accounting and the basics of discounted cash flow (DCF). Each day will comprise several sessions, introducing new material to build on the learning from previous sessions. The training seminar is designed to support the company’s organisational values, enabling employees to learn key finance skills.

Organisational Impact

By attending this training seminar:

  • Delegates will have a clear understanding of how to manage cash and working capital more effectively (including inventory and accounts receivable)
  • Be pro-active in seeking and finding approaches to improve both cash and working capital management
  • Communicate the importance of improving cash and working capital management to colleagues
  • Help others to improve cash and working capital management
  • Better budget and plan cash and working capital

Personal Impact

As a delegate you will:

  • Understand the basic concepts of finance as it relates to their businesses
  • Read and understand balance sheets and profit-and-loss statements
  • 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

Who Should Attend?

This training seminar is suitable for:

  • Members of the treasury departments of companies within the oil and gas, petrochemical, and other industries who have responsibilities for managing cash flow and working capital
  • Business professionals, strategic and business development planners, and project professionals who wish to refresh their understanding and    enhance their skills in managing and improving cash flow and working capital performance
  • Personnel employed in the banking, insurance and the general financial services sector where the management of cash is of prime importance
  • Any operational, engineering, commercial, marketing, technical, or financial personnel whose work impacts on cash flow or working capital, and who wish to develop their expertise in these areas to support their current roles or for career development

Seminar Outline

DAY 1

Accounting for Cash & Performance               

  • A Performance Management Model
  • The Financial Language
  • Accounting Basics from source documents to the General Ledger
  • Cash Flow and Working Capital
  • The 3 Key Financial Statements
  • Cash vs. Profit
  • Using financial statement to manage cash and working capital

DAY 2

Measuring and Improving Performance                                              

The Impact of Inflation on Financial Performance

  • Measuring Performance: Ratios and KPIs
  • Benchmarking of Performance
  • Ratios for Cash and Working Capital Management
  • Basics of Working Capital Management
  • Credit Risk Management
  • Financial Modelling for Cash and Working Capital Management
  • Spreadsheet Modelling and Tools and Approaches

DAY 3

Optimisation of Working Capital

Optimisation not Minimization

  • Key Issues
  • Stock
  • Debtors
  • Creditors
  • Stores
  • Settlement Options
  • The Cost of Working Capital
  • Long term
  • Short term
  • Practical Examples

 DAY 4

 Strategic Cash Management

  • Cash & Cost modelling
  • The Time Value of Money and Discounted Cash Flow (DCF)
  • Net Present Value (NPV) and Internal Rate of Return (IRR)
  • The Key Investment Indicators
  • Defining the Right Base Case, Sensitivity and Risk Analysis
  • Treatment of Working Capital
  • Valuing Companies and Acquisitions
  • The Drivers of Value
  • Delivering Project Value

 DAY 5

 Final Session

  • Course Summary and Checklists
  • Cash Budgets & Capital Budgets reviewed
  • Financial Skills and Further Development
  • Open Forum
  • Course Review

Accreditation

  • Quality Logo

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Advanced Cash Flow
& Working Capital Management


Upcoming Dates

Code Date Venue Fees
FI001 29 Apr - 03 May 2018 Dubai - UAE $4,750
FI001 14 - 18 Oct 2018 Dubai - UAE $4,750

Introduction

In recent years there has been a growing recognition that, in the long run, effective management of cash flow is more important than profit. Long-term cash flow is the real value of a business. It has also been recognised that there is significant potential for improved financial performance from the more effective management of working capital – both directly from immediate cash gains and reduced net interest costs, and indirectly through its impact on increased profitability and return on capital employed. A key challenge in achieving these performance improvements results from the fact that actual levels of working capital and delivery of cash flow are effectively determined by the day-to-day actions of a great many managers and staff, which in large corporations often run into tens of thousands. 

This training seminar will highlight:

  • Optimising working capital
  • Managing accounts receivable
  • Managing inventory
  • Strategic management of cash & working capital
  • Planning, forecasting and monitoring cash and working capital
  • Financial modelling tools and techniques for cash and working capital management

Objectives

The objectives of the training seminar are to provide delegates with the necessary tools and techniques to enable delegates to:

  • Acquire an understanding of the fundamentals of effective management of cash flow, including the optimisation of the level of working capital
  • Develop practical experience of how to manage cash flow and optimise working capital to facilitate such delivery in real life business situations
  • Increase personal financial skill levels
  • Develop confidence through understanding the major drivers of successful financial performance
  • Learn a number of technical skills, all of which lead to the ability to calculate the required figures and implement them into value adding business decisions

At the end of this training seminar, you will learn 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

Training Methodology

This training seminar is strongly participative, with a learning-by-doing style that makes extensive use of examples, and team-based exercises and case studies (both numeric/analytical and non-numeric/descriptive), and open discussion. A fair level of numeracy is an advantage on this course as is some prior familiarity with the financial basics of income statements, balance sheets, and cash flow statements (although this is not essential). The training course will include refresher sessions on accounting and the basics of discounted cash flow (DCF). Each day will comprise several sessions, introducing new material to build on the learning from previous sessions. The training seminar is designed to support the company’s organisational values, enabling employees to learn key finance skills.

Organisational Impact

By attending this training seminar:

  • Delegates will have a clear understanding of how to manage cash and working capital more effectively (including inventory and accounts receivable)
  • Be pro-active in seeking and finding approaches to improve both cash and working capital management
  • Communicate the importance of improving cash and working capital management to colleagues
  • Help others to improve cash and working capital management
  • Better budget and plan cash and working capital

Personal Impact

As a delegate you will:

  • Understand the basic concepts of finance as it relates to their businesses
  • Read and understand balance sheets and profit-and-loss statements
  • 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

Who Should Attend?

This training seminar is suitable for:

  • Members of the treasury departments of companies within the oil and gas, petrochemical, and other industries who have responsibilities for managing cash flow and working capital
  • Business professionals, strategic and business development planners, and project professionals who wish to refresh their understanding and    enhance their skills in managing and improving cash flow and working capital performance
  • Personnel employed in the banking, insurance and the general financial services sector where the management of cash is of prime importance
  • Any operational, engineering, commercial, marketing, technical, or financial personnel whose work impacts on cash flow or working capital, and who wish to develop their expertise in these areas to support their current roles or for career development

SEMINAR OUTLINE

DAY 1

Accounting for Cash & Performance               

  • A Performance Management Model
  • The Financial Language
  • Accounting Basics from source documents to the General Ledger
  • Cash Flow and Working Capital
  • The 3 Key Financial Statements
  • Cash vs. Profit
  • Using financial statement to manage cash and working capital

DAY 2

Measuring and Improving Performance                                              

The Impact of Inflation on Financial Performance

  • Measuring Performance: Ratios and KPIs
  • Benchmarking of Performance
  • Ratios for Cash and Working Capital Management
  • Basics of Working Capital Management
  • Credit Risk Management
  • Financial Modelling for Cash and Working Capital Management
  • Spreadsheet Modelling and Tools and Approaches

DAY 3

Optimisation of Working Capital

Optimisation not Minimization

  • Key Issues
  • Stock
  • Debtors
  • Creditors
  • Stores
  • Settlement Options
  • The Cost of Working Capital
  • Long term
  • Short term
  • Practical Examples

 DAY 4

 Strategic Cash Management

  • Cash & Cost modelling
  • The Time Value of Money and Discounted Cash Flow (DCF)
  • Net Present Value (NPV) and Internal Rate of Return (IRR)
  • The Key Investment Indicators
  • Defining the Right Base Case, Sensitivity and Risk Analysis
  • Treatment of Working Capital
  • Valuing Companies and Acquisitions
  • The Drivers of Value
  • Delivering Project Value

 DAY 5

 Final Session

  • Course Summary and Checklists
  • Cash Budgets & Capital Budgets reviewed
  • Financial Skills and Further Development
  • Open Forum
  • Course Review

Quality Logo

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.



© 2017. Material published by GLOMACS shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.ae

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