There are no prerequisites.

Course Description

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.


Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).

Course Specifics

Feb 15, 2018
There are no prerequisites.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the nature of cash management, citing how the function should be organized, key cash management tasks, and who is responsible for them.

Chapter 2

  • Recognize the components and usage of a cash forecast, noting the sources and reliability of information in cash forecasts.

Chapter 3

  • Specify the formats and uses of the bank reconciliation, citing types of differences that may arise.

Chapter 4

  • Cite the information requirements of a cash management system, noting the frequency with which this information must be collected.

Chapter 5

  • Recognize the methods available for collecting and processing cash receipts.

Chapter 6

  • Note the features of the main cash concentration systems, identifying the situations in which they should be used.

Chapter 7

  • Recognize the characteristics of the different methods of payment and identify when they should be used.
  • Note how positive pay and its variations can be used.

Chapter 8

  • Recognize the techniques that can be used to reduce the investment in working capital.

Chapter 9

  • Cite the more common cash investment strategies and investment instruments, noting the circumstances under which they should be used.

Chapter 10

  • Recognize the types of debt funding and the major stock sale exemptions, noting applicable restrictions on their use.
  • Identify the requirements for being classified as an accredited investor.
  • Recognize the role of agency financing entities, such as the Ex-Im Bank.

Chapter 11

  • Identify the main credit rating agencies as well as the types of credit ratings.

Chapter 12

  • Identify the features of and differences between the various clearing and settlement systems.
  • Recognize the role of a correspondent bank.

Chapter 13

  • Identify the main aspects of foreign exchange risk as well as the methods available to mitigate it.
  • Note the impact of netting on hedging activity.

Chapter 14

  • Identify the main aspects of interest rate risk and the methods available to mitigate it.

Chapter 15

  • Cite the controls that can be used for the cash management function.

Chapter 16

  • Note the areas in which cash management metrics should be employed, as well as how to calculate the key metrics.

Choose Your Preferred Format

Online Access

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.

online access
Hard Copy

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.

hard copy
Self-Study Video

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.

hard copy

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