Every business needs adequate liquid resources in order to maintain day-to-day cash flow. It needs enough cash to pay wages and salaries as they fall due and to pay creditors if it is to keep its workforce and ensure its supplies. Maintaining adequate working capital is not just important in the short-term. Sufficient liquidity must be maintained in order to ensure the survival of the business in the long-term as well. Even a profitable business may fail if it doesn’t have adequate cash flow to meet its liabilities as they fall due.
Working capital management involves the relationship between a firm’s short-term assets and its short-term liabilities. The goal of working capital management is to ensure that a firm is able to continue its operations and that it has sufficient ability to satisfy both maturing short-term debt and upcoming operational expenses. The management of working capital involves managing inventories, accounts receivable and payable, and cash.
- Understand the meaning of working capital
- Appreciate what Working capital management relates to
- Learn about some key liquidity ratios used to understand more about a business’ working capital position
- Understand various techniques used to manage working capital
This highly interactive course includes trainer presentations, group activities, working in pairs, individual exercises, discussions, reflection, quizzes and case studies. Participants will have the opportunity to discuss their own challenges and share good practice with each other.
Who should attend
Business and financial controllers, accountants, credit controllers and payment officers, internal auditors, accounting / IT business process owners, systems accountants, bank commercial teams, purchase teams. The course will be valuable to anyone responsible for managing any part of the working capital pipeline
- Comprehensive learning materials incl. exercise files
- Post course telephone support
- ‘Certificate of Attendance’
on completion of course
- Light lunch
Deal: 5% discount for two to four participants and 10% discount for 5 and above participants. We also offer virtual learning on WhatsApp and Zoom. Contact us for details.