Cash flow is critical to any business, but from a project organization's point of view, effective cash flow management can mean the difference between project success and failure. This is because the amount of cash inflow and outflow, and the timing of these flows are critical for efficient business management.
In addition, funds must be collected as promptly and efficiently as possible, and retained and invested until needed by the enterprise to pay expenses. Accounts payable management and the investment of idle funds require the formulation of practical plans to maximize profitability and solvency.
HOW PARTICIPANTS WILL BENEFIT
At the end of the course participants will be able to:
- Analyse relationship between cash flow, profit and risk;
- Apply accounts receivable principles;
- Develop indicators to assess the effectiveness of working capital; management
- Apply working capital principles to increase bargaining capacity with suppliers;
- Identify and manage vendor risks;
- Plan and forecast working capital more accurately.
WHO SHOULD ATTEND?
Finance officers, Treasurers, Accountants, Purchasing Officers, Entrepreneurs and Managers.
- Planning, forecasting and measuring working capital and cash requirements;
- International issues with regards to working capital management;
- Lean principles applied to accounts receivable;
- Short-term and long-term debt management.