Cash is essential to the daily functions of a business, and yet it is rarely managed to ensure that sufficient cash is on hand, or that excess cash is properly invested. Instead, cash is considered just another item to be handled by the accounting department, which can result in periodic cash shortages or excess cash being invested incorrectly, if at all. This course reveals how to create a system from which to compile a detailed cash forecast, discusses the processes related to cash inflows and outflows, describes how to mitigate risks associated with cash, and many other topics related to cash management.
Upon successful completion of this course, you will be able to:
- Note the sources and reliability of information in cash forecasts.
- State the formats and uses of the bank reconciliation, as well as the types of differences that may arise.
- Cite the information requirements of a cash management system, and the frequency with which this information must be collected.
- Describe the methods available for collecting and processing cash receipts.
- Note the features of the main cash concentration systems and the situations in which they should be used.
- Explain the characteristics of the different methods of payment and when they should be used.
- Demonstrate the techniques that can be used to reduce the investment in working capital.
- Cite the more common cash investment strategies and investment instruments, and the circumstances under which they should be used.
- Note the types of debt funding and the major stock sale exemptions, as well as restrictions on their use.
- Identify the main credit rating agencies and the types of credit ratings.
- State the features of, and differences between, clearing and settlement systems.
- Identify the main aspects of foreign exchange risk and the methods available to mitigate it.
- Identify the main aspects of interest rate risk and the methods available to mitigate it.
- Cite the controls that can be used for the cash management functions.
- Note the areas in which cash management metrics should be employed, as well as how to calculate the key metrics.
Choose Your Preferred Format
Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.
Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.
Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.
Back to top