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Working Capital - Why it Matters Course

  • Duration:1 Day
  • Cost:£539 + VAT
  • Ref:CIMA444

Tools and techniques to improve cash flow.

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Cost £539.00 Duration 1 day Code CIMA444

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What's this?

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Who is it for

Accountants and treasurers at all levels - directors, senior managers, heads of finance - plus project/programme managers, credit control, sales and purchase ledger staff, buyers and sales professionals.

The course will be valuable to anyone responsible for managing any part of the working capital pipeline.

The issues the course addresses apply to manufacturing businesses, the services sector, logistics and retail, through to complex project/programme scenarios in the construction, engineering and oil and gas sectors, including the consulting services to these sectors.

What is it about

The course is aimed at all organisations who want to optimise thier working capital and improve cash flow reporting, need to understand how working capital drivers will enhance the Cash Conversion Cycle and need to ensure investors and stakeholders are viewing the right metrics.

THIS COURSE IS RUN BY CIMA MASTERCOURSES

Course Overview

The course will clarify how

  • accountants, managers and directors at all levels can impact the whole working capital pipeline of creditors, debtors, work-in-progress, process costs and product/customer margins
  • a rigorous approach to analysing the pipeline can uncover where actions to improve working capital should be focused
  • the treatment of working capital significantly impacts not only the accounting information of an organisation but how it is perceived by analysts and the marketplace in general
  • issues beyond the current credit crunch loom as future risks to working capital, such as corporate social responsibility, green issues and the cost of dealing with enhanced security

    Course outline
  • 9.00 Registration and coffee
  • 9.30 Start of course How working capital optimisation (WCO) impacts on cash flow
  • Case studies - debtors, creditors, WIP, stock
  • Obstacles to optimising working capital
  • Risk reviews
  • What are the behavioural issues?
  • Capacity, capability, maturity of the function, department, entity, organisation
  • Tools to optimise working capital - major work steps
  • Analysing and improving the working capital pipeline
  • Product, service, customer net margin analysis
  • Timescales and project resources
  • Future risks to working capital
  • CSR - the impact of new types of stakeholders
  • Green
  • Security threats
  • Single European Payments Area
  • Natural (tsunami / drought), economic and political turmoil
  • Financing of working capital
  • Debtors through factoring, securitisation
  • Creditors through dynamic discounting / supply chain finance
  • Stock via suppliers JIT / Kanban
  • Work in progress through instalments / progress payments / milestones
  • Bank / government views of working capital funding - Genesis Committee of Bank of England. Project Merlin; Business Growth Fund; Big Society Bank
  • 5.00 End of course
  • 6 CPD hours (where applicable)

What will I get out of it?

Help your company to make more money through:

  • Help your company to make more of their cash flow through:
  • recovering cash from debtors, creditors, stock and work in progress by utilising credit control effectively, checking for discounts/rebates/retentions and duplicate payments for suppliers, reducing stock by JIT/Kanban techniques and understanding unbilled work in progress
  • improving customer demand chain, supply chain/reverse supply chain relationships - the right metrics and the right time
  • lowering overhead and increasing billable costs
  • presenting disclosure requirements that make investors/stakeholders take notice
  • improving your credit rating and liquidity

Accredited by

CIMA Mastercourses for CPD purposesThis course is accredited for CPD

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