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Cash Flow Planning & Forecasting

by Golden Masters for Training & Consultancy

This seminar focuses on the challenges and techniques of cash flow management such as the management of the elements of working capital and of the distributed cash balances around the business.

AED 17000

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img Duration

5 days

Course Details

Course Description 

 One of the primary challenges of the manager in business is to hold the right amount of cash for the particular requirements of that business. Virtually every decision the manager makes has an implication for finance, and, ultimately, for the cash balance of the business.

This seminar focuses on the challenges and techniques of cash flow management such as the management of the elements of working capital and of the distributed cash balances around the business.

In particular you will learn about the reasons why businesses hold cash, the working capital cycle of the business, why profit and cash flow are not the same, management of the elements of working capital, cash collection and concentration systems, forecasting cash requirements and budgeting capital expenditure.
 
 Course Objective:
 
Delegates will be able to:

·         Recognise the importance of effective cash-flow management

·         Effectively manage collection and disbursement of cash

·         Develop better relationship with banks

·         Calculate cash operating cycles

·         Understand the importance of cash concentration system

·         Understand the different issues involved with cash budgeting

·         Forecast cash flows

·         Understand the basics of managing multinational cash flows

Course Certificate:

Masters Consultant will issue attendance certificates to all attendees who are complete at least 75% of course attendance.

Course Outline:

Day 1 - Introduction to managing cash

·  What comprises cash?

· Why hold cash?

o        Cash budgeting

·   Cash cycle

·  Why profit and cash are not the same 

Day 2 – Managing the components of the operating cycle

·  Inventory management

o        Basics of managing the average inventory balance

o        The optimal quantity to order

o        Monitoring the inventory balance

o        Reducing the size of the inventory investment

·         Accounts Receivable Management

o        Credit policy

o        Granting credit

o        Monitoring and collecting receivables

·   Accounts Payable Management

o        Monitoring the payables balance

o        Payment decisions

o        Payment systems

Day 3 – Cash Collections

·   Float

·   Types of collection systems

·   Cash concentration

o        The basic structure of a cash concentration system

o        Cash transfer tools

o        Benefits of a concentration system

Day 4 - Managing the bank relationship

·     Services provided by banks

o        Letters of credit

·   Bank selection & relationship management

·   How banks charge for services

Day 5 - Cash forecasting and Capital Budgeting

·  What is a cash forecast?

·  Why do we need a forecast?

·   Steps in forecasting process

o        Forecasting sales and collection patterns

o        Forecasting purchases and payment patterns

· An example of the preparation of a cash flow forecast

· Capital Budgeting

o        Methods of appraisal

Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment. 

 
Following the latest trends and ideas in Technology and Management techniques, and with its in-depth knowledge of the business environment, Masters Training Company is able to meet the special requirements of both local and international business throughout the Middle East. Masters Training & Consulting is an independent multinational firm with more than 25 years of experience in helping regional organizations develop their human capital in all fields of management. 
 
Since 1990, we have been entrusted by our clients to provide the most reliable training and consulting products and services in the region. Our innovative and diversified range of training programs and consulting services are designed and delivered by an ever-growing team of full time multilingual consultants experienced in providing solutions relevant to this part of the world and applicable to today’s business challenges.
 
We pride ourselves on our track record in this regard and on our long-standing relationships with our clients, many of whom have been with us since we started business. 
 
 
Our public training programs have attracted more than 300,000 participants from almost 3,000 organizations many of whom also entrust us with their needs for bespoke in-company programs. Our client base is steadily growing and so is our commitment to remain the regional leaders in the fields of training and consulting.

Masters is also an approved vendor from KHDA & ILM

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  • Sheikh Zayed Road Branch

    Kherbash Tower, Office # 1803 & 1804, Sheikh Zayed Road, Dubai

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