This 5-day intensive course delves into the principles and practices of working capital and debtors management. It covers strategies for optimising cash flow, managing accounts receivable, and maintaining liquidity. Participants will gain the skills necessary to improve their organisation's financial health and operational efficiency.
Target Audience
• Finance managers and officers
• Accountants and financial analysts
• Business owners and entrepreneurs
• Credit and collection managers
Course Objectives
• To understand the fundamentals of working capital management
• To learn effective strategies for managing debtors and accounts receivable
• To explore methods for optimising cash flow
• To develop skills in financial analysis related to working capital
• To implement best practices for maintaining organisational liquidity
Day-by-Day Course Outline
Day 1: Introduction to Working Capital Management
• Definition and components of working capital
• Importance of working capital in business operations
• Working capital cycle and operating cycle
• Key financial ratios related to working capital
• Case studies of effective working capital management
Learning Outcome:
Participants will understand the basic concepts and importance of working capital management.
Day 2: Cash Flow Management
• Understanding cash flow statements
• Techniques for forecasting cash flow
• Strategies for managing cash inflows and outflows
• Importance of maintaining liquidity
• Tools for cash flow analysis
Learning Outcome:
Participants will be able to forecast and manage cash flows to ensure liquidity.
Day 3: Managing Accounts Receivable
• Credit policy formulation and implementation
• Evaluating creditworthiness of customers
• Techniques for efficient debt collection
• Monitoring and controlling accounts receivable
• Managing bad debts and provisions
Learning Outcome:
Participants will learn how to manage accounts receivable to minimise bad debts and improve cash flow.
Day 4: Optimising Inventory Management
• Role of inventory in working capital management
• Techniques for inventory control and management
• Balancing inventory levels to avoid overstocking and stockouts
• Inventory valuation methods
• Case studies on effective inventory management
Learning Outcome:
Participants will be able to implement inventory management strategies to optimise working capital.
Day 5: Financial Analysis and Strategic Planning
• Using financial ratios for working capital analysis
• Integrating working capital management into strategic planning
• Developing working capital policies
• Continuous improvement and performance monitoring
• Real-world applications and success stories
Learning Outcome:
Participants will develop the ability to analyse and strategically manage working capital.
By the End of the Course, Participants Will Learn:
• A comprehensive understanding of the principles and practices of working capital management
• Skills to manage and optimise cash flow effectively
• Expertise in managing debtors and accounts receivable
• Knowledge of inventory management techniques
• Ability to integrate working capital management into strategic business planning
Course Delivery Methods
• Lectures and presentations
• Group discussions and interactive Q&A sessions
• Case studies and real-world examples
• Hands-on exercises and simulations
• Workshops and group activities
Course Dates and Venue locations:
The Certificate:
After attending and completing the entire ARUK training course, delegates will be issued a Certificate of Completion.
