An effective cash flow management system can help you avoid these common pitfalls and put you in complete control of your resources. You'll be able to recognize vendor terms that don't favor your organization so you can negotiate a better contract. You'll discover the impact slow receivables have on your bottom line and how obsolete or slow-moving inventory leads to higher inventory costs. Most importantly, you'll learn how to identify areas of opportunity for trimming expenses.
Cash flow forecasting is one of the most critical aspects of running a business of any size. Knowing when money is coming in or going out and how much is being exchanged is often the deciding factor when it comes to making key business decisions. Whether your organization is in growth mode, status quo, losing ground or survival mode, cash flow forecasting is critical to your success. Are you confident in your current forecasting strategy? This course can help you!
Inadequate cash flow forecasting management is one of the leading causes of business failure. Many organizations only begin to focus on cash flow management during bad times. Having a good system in place to manage cash flow during good times contributes to an organization's success, allowing it to take advantage of opportunities for growth and providing a competitive edge.
What You'll Learn
- The importance of cash flow forecasting including risks and opportunities
- Problems that can get in the way of accurate forecasting — what to look for and key solutions
- How to gain cooperation and buy-in from managers and support staff
- Cash flow mechanics and key terms:
- Revenue — volume, price
- Variable cost forecast
- Fixed costs
- Operating Assets (AR/Inventory/Payables)
- Operating Cash Flow Forecast
- Investment (Capital Assets/Securities)
- Financing (Debt)
- Rolling Cash Flow Forecast Process/Monthly Review Cycle — how often should you look at cash flow?
Who Will Benefit
Financial managers, accounting clerks, comptrollers, small-business owners, managers, supervisors — anyone who deals with cash coming in or going out of your organization.