Working Capital And Debtors Management
Select Other "city & date"
Working Capital And Debtors Management Course
Introduction:
Efficient working capital management helps maintain smooth operations and can also help to improve the company's earnings and profitability. Management of working capital includes inventory management and management of accounts receivables and accounts payables.
The main objectives of working capital management include maintaining the working capital operating cycle and ensuring its ordered operation, minimizing the cost of capital spent on the working capital, and maximizing the return on current asset investments.
The Working Capital And Debtors Management training course provides a comprehensive analysis of how to manage working capital, working capital financing policies, increasing profits through working capital management, and how to properly fund working capital. The course also discusses the cash conversion cycle, budgeting, and credit policy.
Course Objectives:
By the end of Working Capital And Debtors Management Training Course, participants will be able to:
- understand the meaning of working capital
- appreciate what working capital management relates to
- learn about some key liquidity ratios used to understand more about a business’ working capital position
- Distinguish between the internal working capital management function and an external interpretation of a firm’s working capital position revealed by its published accounts,
- Calculate the working capital operating cycle and financing cycle from published accounting data and analyze the inter-relationships between the two,
- Define the dynamics of a company’s credit-related funds system,
- Explain how the terms of sale, which comprise the credit period, cash discount, and discount period, affect the demand for a firm’s goods and services,
- Understand the impact of alternative credit policies on the revenues and costs, which are associated with a capital budgeting decision,
- Appreciate the disparities between the theory and practice of working capital management, given our normative wealth maximization assumption.
Who Should Attend?
Working Capital And Debtors Management training course, is ideal for :
- Accountants involved in reporting and/or recording responsibilities for working capital accounts
- Business managers who are responsible for managing the cash operating cycle
- Finance professionals working in the treasury function of their organization
- Business owners who want to analyze the cash operating cycle of their companies
- Is anyone interested in finance or related fields?
Course Outlines:
Introduction
- Importance of working capital management
- Cash flow and profit relationship
- Risk and return trade-off
The Working Capital Cycle basics
- Cash conversion cycle
- Inventory
- Debtors and Days Sales Outstanding
- Creditors and Days Payable Outstanding
Working Capital Optimization - theory
- Economic Order Quantities
- Process improvement
Working Capital Optimization – basic practice
- Credit control
- Stock control techniques
- Debtor management & the Costs of offering credit
- Management reporting – KPI;s
Working Capital Optimization – advanced practice
- Treasury procedures
- Technology solutions
- Payment systems
- End-to-end cash flow management
- Outsourcing of debt management
Financing Working Capital
- Supplier financing
- Alternative receivables funding
The Opportunity Cost of Capital and Credit-Related Funds System
- The Opportunity Cost of Capital Rate
- The Credit-Related Fund System
- The Development of Theory
The Strategic Impact of Alternative Credit Policies on Working Capital and Company Profitability
- Effective Prices and the Creditor Firm
- Alternative Credit Policies, Working Capital Investment and Corporate Profitability
