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Objectives

• By the end of this programme you will be able 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.

The Delegates

• Financial managers, finance controllers treasurers and inventory managers .
• Senior managers with a direct responsibility for financial management and control .
• Accountants, sale and purchase managers and managers responsible for relationship with banks .
• Any manager, at a medium and senior level, who is a part of the financial decision making team.
• New interns and trainees with finance related responsibilities.

Contents

• Introduction to managing cash , Why hold cash?
• What does cash mean?
• Cash budgeting .
• Cash cycle .
• 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 & 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.
• Managing payables and accruals :
• Accounts payable .
• The payment decision model .
• Monitoring the accounts payable balance .
• Accruals .
• 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 .

The Discount

10% in case of Three P. (or more)