Who should attend
This 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..
About the course
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 recognized 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 seminar will highlight:
Optimizing working capital
Managing accounts receivable
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
## Course Objectives
The objectives of the 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 optimization of the level of working capital.
Develop practical experience of how to manage cash flow and optimize 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 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
## Course Outline
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
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.
Optimization of Working Capital.
Optimization not Minimization
The Cost of Working Capital
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
Seminar Summary and Checklists
Cash Budgets & Capital Budgets reviewed
Financial Skills and Further Development
Videos and materials
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.