Working Capital Management Course

Finance functions face many pressures and challenges to enable continued improvement in business performance. We are continually hunting for more sources of profitability, cash and intangible financial value. In the march for growth and profitability we can sometimes overlook working capital management despite the risk of failure when a business no longer has the cash or financing to pay its bills. Cash is king and working capital management can unlock cash from day to day operations. Good working capital management can yield a range of great benefits and help minimize risks and lost opportunities. 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. Enough 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.

Who should attend?

• Company director
• Managers and executives.
• Those who wish to examine the ways in which financial statements and other financial information may improve the quality of their decisions.
• Accountants
• Finance Officer

Learning Objectives

By the end of the course delegates will be able to: 

• Clarify the role of working capital and signpost you to techniques to help you and your business colleagues optimize it for the benefit of your organization’s performance.
• The main elements of working capital.
• The purpose of working capital and the nature of the working capital cycle.
• The importance of establishing policies for the control of working capital.
• The factors that must be considered when managing each element of working capital.

Course Content

• The scale of working capital
• Managing inventories
• Managing trade receivables
• Managing cash
• Managing trade payables