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Course Outline
Day 1: Fundamentals of Cash Management and Daily Positioning
- Introduction to corporate cash management
- Cash management roles and responsibilities
- The relationship between treasury, finance, accounting, procurement, and operations
- Distinguishing profit, cash flow, and liquidity
- Analyzing cash inflows, outflows, and liquidity
- Fundamentals of the cash conversion cycle
- Operating, investing, and financing cash flows
- Analysis of bank balances and available cash
- Techniques for daily cash positioning
- Challenges in achieving cash visibility
- Daily liquidity reporting
- Practical exercise: Preparing the daily cash position
Day 2: Cash-Flow Forecasting and Liquidity Planning
- Fundamentals of cash-flow forecasting
- Direct versus indirect forecasting methods
- Determining forecast horizons and planning periods
- Rolling forecasts and liquidity planning strategies
- Forecasting customer receipts and operational payments
- Forecasting debt repayments and capital expenditures
- Handling forecast uncertainty
- Scenario planning and sensitivity analysis
- Analyzing forecast variances
- Enhancing forecast accuracy and governance
- Practical exercise: Creating a 13-week cash-flow forecast
- Workshop on forecast variance analysis
Day 3: Working Capital and Internal Cash Optimization
- Fundamentals of working capital management
- Optimizing receivables, payables, and inventory
- Days Sales Outstanding (DSO)
- Days Payable Outstanding (DPO)
- Inventory Holding Days
- Analyzing the cash conversion cycle
- Improving collection processes and invoicing
- Managing overdue receivables
- Strategies for supplier payments
- Evaluating early payment discounts
- Techniques for inventory optimization
- Cross-functional working capital initiatives
- Practical working capital analysis exercise
- Group activity: Planning improvements
Day 4: Banking, Payments, Funding, and Cash Concentration
- Managing corporate bank accounts
- Bank relationship management
- Reviewing bank fees and services
- Domestic and international payment methods
- Controls for payment approval and authorization
- Fraud prevention and payment security
- Segregation of duties and internal controls
- Cash concentration and pooling structures
- Zero balancing and target balancing techniques
- Intercompany funding arrangements
- Options for short-term funding
- Overdrafts, revolving facilities, and loans
- Short-term investments and deposits
- Practical exercise: Comparing funding options
- Case study on payment fraud prevention
Day 5: Cash Risk, Reporting, Technology, and Improvement Planning
- Managing liquidity and funding risks
- Counterparty and banking risks
- Operational and payment risks
- Interest-rate and foreign exchange risks
- Treasury technology and cash management systems
- Bank portals and treasury management systems
- Automated reconciliation and reporting
- Cash management dashboards and KPIs
- Developing policies and governance frameworks
- Management and liquidity reporting
- Integrated cash management case study
- Planning for cash management improvements
- Final assessment and participant presentations
Requirements
Participants should ideally possess:
- A foundational understanding of finance, accounting, or treasury functions.
- Familiarity with financial statements and cash flow concepts.
- Experience in finance, accounting, treasury, budgeting, or related business roles is advantageous but not required.
- Basic spreadsheet skills for conducting forecasting and analysis exercises.
35 Hours
Testimonials (2)
Fun to talk
Jihan Fadila - BAF
Course - Root Cause Analysis (RCA) for Internal Audit
Very practical. Trainer was very flexible in ensuring we meet our needs.