Objectives:

After end of this program participants will be able to:

• Master the principles of accounting for cash flow
• Develop your skills in analysing and interpreting cash flow statements
• Implement effective practical strategies for working capital optimisation
• Be proficient in capital investment evaluation methods
• Provide relevant advice on business funding strategy
• Use financial models to produce cash flow forecasts

Outline:

Foundation Principles

• Identifying and Meeting Stakeholder Needs
• Fundamentals of Cash Flow and Working Capital
• Principles of Business Accounting and Financial Statements
• The Vital Difference between Profit and Cash Flow
• Analysing and Interpreting the Cash Flow Statement
• The Drivers of Cash Flow, Liquidity and Solvency

Understanding and Improving Operating Cash Flow

• Understanding Cost Behaviour
• The Cost - Volume - Profit Relationship
• The Drivers of Profit and Shareholder Value
• Measuring and Managing - Return On Investment
• Measuring and Managing - Asset Management Efficiency
• A strategic Approach to Cost Reduction

Understanding and Optimising Working Capital

• How Working Capital Drives Financial Performance
• Understanding the Working Capital Cycle
• Practical Tools to Optimise Inventories
• Practical Tools to Optimise Trade Receivables
• Minimising Cash Float and Accelerating the Cash Cycle
• Using Improvements to Financial Systems to Improve Cash Flow

Understanding and Managing Business Funding and Investment

• Sources of Business Funding
• Measuring and Managing – Capital Structure and Risk
• Calculating the Cost of Capital
• Principles of Capital Budgeting
• Using Excel’s Discounted Cash Flow Analysis Tools
• A Cash Flow Based Approach to Capital Investment Decision-making

Cash Flow Planning and Forecasting

• Approaches to Managing Cash Resources
• Cash Flow Forecasting Methods
• An Integrated Approach to Risk Management
• Techniques for Managing Risk
• Building a Key Driver Cash Flow Forecast
• Sensitivity Testing Cash Flow Forecasts