Working Capital and Cash Flow Management

This practical course teaches you how to effectively manage working capital and cash flows, two of the most critical aspects of financial management that directly impact an organization's survival and growth. Many profitable businesses fail due to poor cash flow management, making these skills invaluable.

You will begin with working capital fundamentals: understanding the cash conversion cycle, measuring working capital efficiency, and identifying the key drivers that affect working capital levels. The course covers accounts receivable management including credit policies, collection strategies, aging analysis, and bad debt management.

Inventory management techniques are covered including economic order quantity, just-in-time systems, ABC analysis, and the financial impact of inventory decisions. Accounts payable management covers supplier payment terms negotiation, early payment discounts analysis, and cash disbursement strategies that optimize the payment cycle.

Cash flow management is covered in depth, including preparing direct and indirect method cash flow statements, cash flow forecasting models, short-term financing options, and surplus cash investment strategies. The course also covers treasury management functions including bank relationship management, foreign exchange risk management, and cash pooling structures for corporate groups. Practical exercises using financial models and real-world scenarios ensure you can implement these strategies immediately.