Business organizations go through cyclical changes. Since change is however constant, business planners should reason that businesses experience constant changes. Consequently, planning is assumed to be dynamic in the long term. Recently the world has witnessed major decline in crude oil prices due to crude oil glut. Oil producing economies have been particularly hit resulting to serious cash-flow and working capital squeeze. The upward movement in oil prices has at best been sluggish. Nations’ economies and businesses are undergoing frequent calibration. The persistence of uncertainties is therefore a challenge that must be confronted by all organizations.
Those organizations that seek solutions vigorously are more likely to outperform their competitors. Working Capital is paramount to the success of business operations. Research has indicated that inefficient working capital management has led to several business failures. This course is therefore critical to various organizations.
- Overview of Working Capital
- Challenges in Working Capital Management
- Consequences of Poor Working Capital Management
- Accounting Aspects of Working Capital
- The Needs for Working Capital
- Firm Value and Working Capital
- Cash and Liquidity Management
- Reasons for Holding Cash
- Float Management
- Understanding Float
- Calculating the Operating and Cash Cycles
- Disbursement Float
- Collection Float and Net Float
- Cost of the Float
- Cash Collection and Concentration
- Managing Cash Disbursements
- Investing Idle Cash
- Controlling Disbursement
- Characteristics of Short-term Securities
- Determining the target Cash Balance
- The Cash Budget
- Sales and Cash Collection
- Cash Outflows
- The Cash Balance
- Credit and Inventory Management
- Credit and Receivables
- Terms of the Sale
- Cash Discounts
- Cost of the Credit
- Analyzing Credit Policy
- Credit Analysis
- Collection Policy
- Inventory Management Techniques
- The ABC Approach
- The Economic Order Quantity Model
- Extension to the EOQ Model
- Managing Derived Demand Inventories
- Risk Management (Managing Uncertainty)
- Managing Payables
- Determine Accounts Payable Days Outstanding
- Stretching Accounts Payable
- Preparation of Operating Cash Flow Statement
- Analysis of Working Capital Elements
- Research Findings on Working Capital Management
- Forecast of Working Capital
On completion of the workshop, Participants should:
- Be Capable of Managing Working Capital Effectively.
- Be able to prepare aging of Accounts Receivable Statement.
- Be Competent to Forecast Working Capital.
- Be Competent to Prepare Operating Cash Flow Statement.
- Demonstrate Understanding of Cash Management.
- Demonstrate Understanding of Accounts Receivable, Inventory and Accounts Payable Management.
- Be familiar with the challenges of Working Capital Management.
- Be Competent to Prepare the Cash Budget
- Understand the impact of Risk Management and uncertainty as they relate to Working Capital Management.
- Be able to analyze Credit Policies and other Policy Issues pertaining to Working Capital.
- Understand the Concept of Float and Its Management.
- Understand how Working Capital can improve Profitability and more.
Officers, Supervisors and Managers working in Production, Operations, Marketing, Accounting, Human Resources, Treasury Department and Payroll, Engineering, Information Systems, Business Planning and other related functions
|6,Segun Gbele Close, Off Lola Holloway Street, Omole Phase 1, Ojodu-Ikeja, Lagos, Nigeria
||Jan 02 - 04 Jan, 2017
PROFESSOR PENDER GBENEDIO (CEO/ CHIEF CONSULTANT SANDHILLS CONSULTING NIG. LTD). B.Sc. Accounting, Central State University, Wilberforce, Ohio USA; MBA and Ph.D. Accounting, University of Cincinnati Ohio USA; Doctoral Secondary Fields, Finance and Industrial Management. Worked as Financial Specialist at the Corporate Headquarters of the National Cash Register Company (NCR) in Dayton, Ohio USA. He was later appointed a Professor of Accounting and Chair of the Department of Accounting and Associate Dean of the Business School at North Carolina Central University, in Durham, North Carolina, USA; Campus Dean at Strayer University, Colombia Campus, South Carolina, USA. He has taught numerous courses, multiple times in Accounting, Finance and Industrial Management. He is also a visiting Professor at Covenant University (Sango Ota) teaching Ph. D and M.SC Environmental, International and Oil &Gas Accounting. His strengths are in Accounting, Finance, Industrial Management, Functional, Soft Skills and Leadership Courses.UFOMA GBENEDIO: B.Sc Accounting Central State University, USA, MBA Management, MSc Accounting, University of Maryland, Washington DC; CFE (Certified Fraud Examiner). Worked at Anderson Consulting, USA as a recruiter. United States of America, Airforce ReserveDR. ESE URHIE: B.Sc, MBA Finance, M.Sc. Economics, Ph. D Economics Human Capital, Covenant University, Sango Ota, Nigeria. He is presently lecturing at Covenant University.DR. FOLASHADE OGUNWALE: B.Sc., MBA Accounting, Doctoral Candidate. Has worked in Bison Ltd Consulting Firm and Intercontinental Bank, and lectures in Covenant University. She has diverse experience in Training and Consultation.