IntroductionIn 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:
- Optimising working capital
- Managing accounts receivable
- Managing inventory
- 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
ObjectivesThe 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
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
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
Organisational ImpactBy attending this seminar:
- Delegates will have a clear understanding
of how to manage cash and working capital more effectively (including
inventory and accounts receivable)
- Be pro-active in seeking and finding
approaches to improve both cash and working capital management
- Communicate the importance of improving
cash and working capital management to colleagues
- Help others to improve cash and working
capital management
- Better budget and plan cash and working
capital
Personal ImpactAs a delegate you will:
- Understand the basic concepts of finance
as it relates to their businesses
- Read and understand balance sheets and
profit-and-loss statements
- 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
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