The Course Content
Day One: Operational Finance – An Overview
Finance & Financial Management
Operational & Corporate Finance
Financial Statements and the Operational Finance
Cash Flow Statements – evaluating the PAST Cash Flow
Working Capital, The Cash Flow Cycle & Operational Efficiency
Cash Forecast & Budgets – evaluating the FUTURE Cash Flow
Day Two: Bank & Cash Management
The Optimal Cash Balance
Sources of Short-Term Finance
Short Term Investment Opportunities
Financing Growth & Increased Turnover
The Dangers of Overtrading
Minimising Interest Cost & Maximizing Interest Earned
Day Three: Inventory & Accounts Payable Management
The Cost of Inventory
The Optimum Inventory Level
Negotiating Contracts & Delivery Terms
International Methods of Payment & ICC Incoterms
Just in Time Management
Reducing Inventory Levels
Day Four: Managing Accounts Receivables
The Importance & Problems of Giving Credit
Evaluating Credit & Counterparty Risk
Debt Collection Policy
Extending & Managing the Credit Period
Offering Discounts – determining the best policy
Protecting against Bad Debts & the Role of Credit Rating Agencies
Day Five: Multinational & Treasury Cash Management
The Role & Scope of Treasury Management
Operation & Location of a Treasury Department – Cost or Profit Centre; Centralised or Decentralised
Meeting Cash Calls and Short-Term Methods of Finance
Netting & Cash Concentration Accounts
Multi-national & Group Cash management
Exchange Rate Risk Management