Working Capital Management - Code WCM
| Objective |
: |
To provide an introduction to credit risk and to develop credit risk management skills for the improvement of business cash flow and avoid or minimize credit losses. |
| Upon completion |
: |
Participants would be able to participate in credit policy formulation and control activities. They would also be able to conduct basic analysis of customers’ credit conditions, and organize and supervise collection efforts. |
| Audience |
: |
Managers and senior executives responsible for managing receivables and cash flow management. |
| Methodology |
: |
Workshop and case study method using self discovery and lecture. |
| Duration |
: |
1 day |
Course Outline
| I. |
Working Capital _ Definition & Determination
a. Financing structure of a business
b. Working capital and liquidity
c. The business cycles and the economy |
| II. |
Managing Inventories
a. Understanding the concept of Stock Turnover
b. Computing & Application of Stocks Turnover
c. Implications of Stocks Turnover
d. Risk in Inventories Management |
| III. |
Managing accounts receivable
a. Importance of Collection Days
b. Computing & Application of Collections Days
c. Credit Management Risk
d. Collection strategies for consistent cash flow |
| IV. |
Cash Flow Management & Cash Flow Risks
a. Working capital cycle & adequacy
b. Cash flow forecast & planning
c. Other factors in perfecting your Cash Planning |
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