Working Capital Management ON DEMAND
Available Until
Your Desk
5.0 Credits
Member Price $145.00
Non-Member Price $167.00
Overview
Poor management of working capital may trigger unexpected cash shortfalls that can cripple a business. This course discusses how to avoid these problems by maintaining tighter control over working capital. This course does so with specific recommendations for how to manage cash, receivables, inventory, and payables. The course goes even further, describing how to achieve the ultimate goal of zero working capital.
Highlights
Working capital concepts. Cash and investment management. Receivables management. Inventory management. Payables management. Asset-based lending. Insurance for the home business.
Prerequisites
None.
Designed For
CPAs, auditors, consultants, and financial and managerial professionals.
Objectives
Recognize the conditions that can lead to zero working capital. Identify the proper type of financing to be used for different working capital conditions. Specify the sources of information used for the development of a cash forecast. Recognize the benefits of cash concentration and the types of available cash sweeps. State the characteristics of the different types of short-term investments. Specify how the receivables investment will change in conjunction with differences in payment terms granted. Identify the possible contents of a credit rating system and how the scoring is organized. Recognize the circumstances under which software can be used to enhance collection activities. Specify the structure of the measurements used to monitor accounts receivable. State the activities that can be used to reduce the overall investment in inventory. Recognize the activities required to ensure the success of a produce to order system. Specify the behavioral effects of using inventory measurements, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $167.00
Member Price $145.00