The Course Content
Day One: Bank Reconciliation
What is a Bank Reconciliation Statement?
The Importance of Bank Reconciliation
Undertaking a Bank Reconciliation
Report & Correcting Differences
Avoiding Future Differences
Controlling Bank Records & Balances
Day Two: Cash Flow – Past & Future
The Importance of Cash & Liquidity – Cash is King
Cash Flow Statements – Evaluating the PAST Cash Flow
Cash Forecast & Budgets – Forecasting and evaluating the FUTURE Cash Flow
Variance Analysis
The Cash Flow Cycle & Operational Efficiency
Working Capital – The ideal ratio
Day Three: Cash Management
An Overview of Cash Management
The Optimal Cash Balance
Sources of Short Term Finance
Short Term Investment Opportunities
Minimising Interest Cost & Maximizing Interest Earned
Minimising Bank & Cash Balances
Day Four: Petty Cash Management
What is Petty Cash?
Forecasting Cash Needs
Minimising Cash Holding
Recording Cash Transactions
Balancing the Cash Balance
Dealing with Foreign Currencies & Exchange Rate Risk
Day Five: Advanced Bank & Cash Management
Managing Accounts Receivable & Payable
Methods of Raising Short-term & Long-term finance
Minimising the Cost of Finance
Bank Finance
Factoring & Invoice Discounting
Derivatives