CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Working Capital Management

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
5 Credits: Finance

Course Description

An essential financial issue that is routinely overlooked is working capital. This mix of short-term assets and liabilities can absorb a remarkable amount of funding without management even realizing what is going on. Working Capital Management discusses how to reduce the adverse funding effects caused by working capital, including specific recommendations on how to manage cash, receivables, inventory, and payables. The course also addresses the operational characteristics that will allow a business to function with zero working capital and characteristics of different types of asset-based lending.

Learning Objectives

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

Chapter 1

  • Recognize the conditions that can lead to zero working capital.
  • Identify the proper type of financing to be used for different working capital conditions.

Chapter 2

  • Note the sources of information used for the development of a cash forecast.
  • Recognize the benefits of cash concentration and the types of available cash sweeps.
  • State the characteristics of the different types of short-term investments.

Chapter 3

  • Note how the receivables investment will change in conjunction with differences in payment terms granted.
  • Identify the possible contents of a credit rating system and how the scoring is organized.
  • Recognize the circumstances under which software can be used to enhance collection activities.
  • Note the structure of the measurements used to monitor accounts receivable.

Chapter 4

  • State the activities that can be used to reduce the overall investment in inventory.
  • Recognize the activities required to ensure the success of a produce to order system.
  • Note the behavioral effects of using inventory measurements.

Chapter 5

  • Identify the different types of float.
  • State the different types of signals that may be sent to a supplier as part of the process of obtaining more credit.

Chapter 6

  • Note the operational requirements demanded by lenders for asset-based lending arrangements.
  • Recognize the contents of a borrowing base calculation.

Course Specifics

Course ID
3158021
Revision Date
May 20, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
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 …

Steven M. Bragg, CPA Read More »

Working Capital Management

Expert Instructors
Format
CPE CREDITS
5 Credits: Finance

$145.00$175.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
5 Credits: Finance

Course Description

An essential financial issue that is routinely overlooked is working capital. This mix of short-term assets and liabilities can absorb a remarkable amount of funding without management even realizing what is going on. Working Capital Management discusses how to reduce the adverse funding effects caused by working capital, including specific recommendations on how to manage cash, receivables, inventory, and payables. The course also addresses the operational characteristics that will allow a business to function with zero working capital and characteristics of different types of asset-based lending.

Learning Objectives

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

Chapter 1

  • Recognize the conditions that can lead to zero working capital.
  • Identify the proper type of financing to be used for different working capital conditions.

Chapter 2

  • Note the sources of information used for the development of a cash forecast.
  • Recognize the benefits of cash concentration and the types of available cash sweeps.
  • State the characteristics of the different types of short-term investments.

Chapter 3

  • Note how the receivables investment will change in conjunction with differences in payment terms granted.
  • Identify the possible contents of a credit rating system and how the scoring is organized.
  • Recognize the circumstances under which software can be used to enhance collection activities.
  • Note the structure of the measurements used to monitor accounts receivable.

Chapter 4

  • State the activities that can be used to reduce the overall investment in inventory.
  • Recognize the activities required to ensure the success of a produce to order system.
  • Note the behavioral effects of using inventory measurements.

Chapter 5

  • Identify the different types of float.
  • State the different types of signals that may be sent to a supplier as part of the process of obtaining more credit.

Chapter 6

  • Note the operational requirements demanded by lenders for asset-based lending arrangements.
  • Recognize the contents of a borrowing base calculation.

Course Specifics

Course ID
3158021
Revision Date
May 20, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
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 …

Steven M. Bragg, CPA Read More »

Working Capital Management

Expert Instructors
Format
CPE CREDITS
5 Credits: Finance

$145.00$175.00

Clear