Cash Management – Unlock The Secrets Of Money Management

Course overview

What is training in cash management? The need to increase free cash flow is becoming more and more crucial in today’s fiercely competitive economy. Access to stock or loan money can be challenging in many businesses, and internal funding sources are becoming increasingly important.

In addition, businesses need to be able to share their gains with their shareholders and business owners. Therefore, the company’s financial stability depends on an effective cash flow management.

Without good working capital management, it is practically difficult for a business to have an effective cash management system. An analysis by PWC found that by enhancing working capital management, listed businesses could free €1.36 trillion from their balance sheets.  All facets of cash management will be covered in this course, but working capital management will receive special attention.

The Training Bee course will also give the essential understanding of various financial applications, sources, and usage. This involves evaluating capital investments, comprehending different working capital components, and the benefits of having an effective enterprise resource planning system.

Introduction

Effective cash management is crucial for an organization’s financial success and stability in the fast-paced corporate world of today. Optimizing cash flows, predicting financial requirements, minimizing risks, and making the best use of existing resources are all part of cash management.

You may succeed in cash management by taking this in-depth certification course, which has been created to provide you the knowledge, abilities, and tactics you need. Whether you work in finance, are a treasurer, run a business, or want to be a financial leader, this course will provide you insightful information and useful tools to improve your cash management procedures.

We are The Training Bee, a global training and education firm providing services in many countries. We are specialized in capacity building and talent development solutions for individuals and organizations, with our highly customized programs and training sessions.

Participants will leave the course with a greater grasp of how to maximize free cash flow, keep working capital in a healthy balance, and spend extra cash to boost shareholder value.

Learning Objectives

Upon completing Cash Management – Unlock the Secrets of Money Management, participants will be able to:

• Recognize the significance of a sound cash management system.
• Recognize different financial resources and how to use them based on the cost of capital
• Make wise investment choices based on accurate evaluation.
• To assess the performance of the business, get an overview of the financial statements and management reports.
• Recognize the significance of the many accounting ratios that measure profitability, solvency, and liquidity
• Forecasting profitability and cash flows using financial modeling and reasonable assumptions.

Our Unique Training Methodology

This interactive course comprises the following training methods:

• Role-playing – Participants will take part in several role-plays and understand practical ways of solving issues.
• Journaling – This consists of setting a timer and letting your thoughts flow, unedited and unscripted recording events, ideas, and thoughts over a while, related to the topic.
• Social learning – Information and expertise exchanged amongst peers via computer-based technologies and interactive conversations including Blogging, instant messaging, and forums for debate in groups.
• Project-based learning
• Mind mapping and brainstorming – A session will be carried out between participants to uncover unique ideas, thoughts, and opinions having a quality discussion.
• Interactive sessions – The course will use informative lectures to introduce key concepts and theories related to the topic.

Training Medium

This Cash Management – Unlock The Secrets of Money Management training is designed in a way that it can be delivered face-to-face and virtually.

Course Duration

This training is versatile in its delivery. The training can be delivered as a full-fledged 40-hour training program or a 15- hours crash course covering 5 hours of content each day over 3 days

Pre-course Assessment

Before you enroll in this course all we wanted to know is your exact mindset and your way of thinking.
For that, we have designed this questionnaire attached below.

• Why is cash management crucial for businesses? What is it?
• What constitutes a cash management system’s essential elements?
• What are the main goals of managing cash?
• Describe the idea of cash flow forecasting and the role it plays in managing cash.
• What sorts of cash flows do firms normally handle both in and out?
• How can companies improve their cash conversion process?

Course Modules

This Cash Management – Unlock The Secrets of Money Management covers the following topics for understanding the essentials of the Agile Workplace:

Module 1 – Overview

• Overview of Cash Management
• The value of good cash management
• Manage working capital
• Cash Management Optimization

Module 2 – Earnings, liquidity, and solvency

• Differences Between Solvency, Liquidity, and Profitability
• Understanding Shareholder Equity Ratio, Debt Equity Ratio, Interest Coverage

Module 3 – Cash Flow Prediction

• The value of cash flow projections
• Create hypotheses based on the current situation.
• Calculate Cash Flows Both In and Out
• Find Short-Term Investments
• Controlling the Use of Money

Module 4 – Flow of Cash Presentation

• Non-cash Transaction Reporting
• Flow of Operating Cash
• Putting Cash Flow to Work
• Paying for Cash Flow

Module 5 – Working capital maximization

• The Value of Working Capital
• How can the effectiveness of working capital management be measured?
• Guidelines for Inventory Control
• Best practices for controlling receivables
• Best practices for controlling payables

Module 6 – Arrangement of Financial Statements

• Account Statement
• Profit and Loss Statement
• Profits versus cash flow: their differences

Module 7 – Capital Planning

• Origin of Funds
• Calculating the Capital Cost
• Approach to Investment Appraisal Based on Cash Flow

Module 8 – Employ enterprise resource planning modules.

• Sales
• Bill of Material
• Material Management
• Procurement
• Production

Post-course Assessment

Participants need to complete an assessment post-course completion so our mentors will get to know their understanding of the course. A mentor will also have interrogative conversations with participants and provide valuable feedback.

• Give a definition of cash management and discuss the role it plays in firm financial management.
• Describe the main elements and their functions in a thorough cash management system.
• What are the main goals of cash management, and how do they affect an organization’s financial stability?
• Describe the cash flow forecasting method and its significance for efficient cash management.
• List and explain the many methods that companies may use to improve their cash conversion cycle.
• What possible advantages exist in enhancing cash management procedures via the use of technology?
• How can companies improve their cash conversion process?

Lessons Learned

For enterprises, cash management is crucial: The importance of cash management to an organization’s stability and financial health has been made clear to the participants. Businesses may assure liquidity, fulfill financial commitments, and capture expansion possibilities by optimizing cash flows.

Forecasting cash flows is crucial. Participants are aware of how important precise cash flow forecasting is to cash management. They have acquired methods and instruments for forecasting cash inflows and outflows, allowing for improved planning, judgment calls, and the mitigation of possible financial shortages.

Participants have learned how technology may simplify and automate a cash management procedure, which improves cash management. They gained knowledge of treasury management systems (TMS) and other technological tools that boost cash management efficiency, accuracy, and overall effectiveness.

“Discover the Secrets of Cash Management to revamp your accounting practices and protect your business’ future.”