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Management of Cash Flows - 2.0 hours/PDUs (Category A)

Management of Cash Flows - 2.0 hours/PDUs (Category A)

Management of Cash Flows

Management of Cash Flows


Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number


Overview/Description
Can a profitable company with a positive net worth run short of cash? Without sound cash management, it certainly can. Every organization, large and small, must manage the generation and expenditure of cash to ensure that bills can be paid on time. This course covers the principles of sound cash flow management, including cash management strategies, the best use of credit collection, and ways to reduce overhead. With a knowledge of these strategies, managers improve their ability to maintain appropriate levels of working capital in their own organizations.

Target Audience
Nonfinancial managers at all levels

Expected Duration (hours)
2.0

Lesson Objectives

Management of Cash Flows

  • recognize the benefits of optimizing cash flows.
  • apply the best cash management strategy to a given financial scenario.
  • match cash management strategies to examples.
  • apply a plan using techniques for prompt cash collection from a hypothetical customer.
  • select examples of techniques for prompt cash collection.
  • choose the credit policy elements to be extended by a hypothetical organization.
  • select examples of the elements associated with a sound credit policy.
  • match techniques used to delay cash outflow with examples.
  • apply techniques to delay cash outflow in a hypothetical cash shortage situation.
  • recognize the value of cost-reduction programs.
  • select examples of elements of cost reduction strategies.
  • determine the areas in which costs can be reduced in a hypothetical business department.
  • identify areas in which costs can be reduced.
  • match types of overhead costs to their corresponding examples.
  • select ways to reduce overhead costs associated with building and maintaining an inventory.
  • propose a plan to reduce overhead costs associated with building and maintaining a hypothetical inventory.

    • Course Number:
    fin_01_a03_bs_enus