|Author :||Jae K. Shim, Ph.D., CPA|
|CPE Credits :||7.0|
|IRS Credits :||0|
|Passing Score :||70%|
|Primary Subject-Field Of Study:||
Finance - Finance for Course Id 1191
Cash is the lifeblood of a business. Sound cash management is the key to the survival of any business. You can go broke even while making a profit. Profit is measured on an accrual basis in accounting. This course alerts you to the difference between profit and cash flow and teaches you the tools and techniques that allow you to effectively increase and manage your cash flow.
|Usage Rank :||0|
|Prerequisites :||Basic Math and Accounting.|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Advance Preparation :||None.|
|Delivery Method :||Self-Study.|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||18-Mar-2017|
|NASBA Course Declaration :||Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.|
|Approved Audience :||
NASBA QAS - NASBA Registry - 1191
|Keywords :||Accounting, Managing, Improving, your, Cash, Flow, 2016, cpe, cpa, online course|
|Learning Objectives :||
2. Identify cash management objectives and decisions
2. Recognize how to compute and analyze cash liquidity.
3. Identify the cash utilization options.
2. Recognize the items recorded within a statement of cash flows.
3. Identify components of a cash budget.
4. Recognize cash expenses vs non-cash expenses.
2. Recognize the warning signs of accounts payables.
2. Identify methods to delay cash payments for purchases, expenses, and payroll.
3. Identify collection problems.
2. Identify some methods used for transferring funds and accelerating cash inflow.
2. Identify ways to help with financing cash requirements for the business.
2. Identify the benefits of Zero-Balance Accounts (ZBAs).
|Course Contents :||
Module 1: The Nuts And Bolts
Introduction: Cash Is the Lifeblood of a Business
Strategies to Stave off Cash Flow Crunches
1. Why Is Cash Flow Important?
2. Cash Management Objectives and Decisions
3. Key Cash Management Considerations
Review Questions Module 1
Module 2: Analysis of Cash Flow
4. The Difference between Cash Flow and Earnings
5. How to Go Broke While Making a Profit
6. How Do You Know If You Are Liquid?
7. Cash Utilization and Adequacy
Too Much Cash-- A Troubling Omen
Review Questions Module 2
Module 3: Cash Budgeting and Optimal Cash Balances
8. Cash Flow Cycles
9. Determining the Right Cash Balance to Hold
10. Accounting for and Reporting of Cash
11. Statement of Cash Flows
12. Preparing the Cash Budget
13. Revenues and Expenses
Review Questions - Module 3
Module 4: Internal Control
14. Internal Control over Cash
15. Audit of the Cash Account and Payment System
Review Questions Module 4
Module 5: Cash Forecasting and "What-if" Analysis
16. Cash Forecasting
17. Forecasting Cash Collections
18. What-If Analysis
19. Cash Flow Software
Review Questions Module 5
Module 6: Managing Payables
20. A Well-Managed Accounts Payable System
21. Managing Payables
22. Warning Signs of Payables
23. Utilizing Vendor Statement Forms
Review Questions Module 6
Module 7: Collection and Credit Management
24. Cash Acceleration Strategies
25. Property, Plant, and Equipment
26. Delaying Cash Payments for Purchases, Expenses, and Payroll
27. Are You Managing Debt Properly?
28. Collection Management
29. Credit Management
Review Questions Module 7
Module 8: Smart Banking
30. Preparing a Bank Reconciliation
32. Electronic Funds Transfer (EFT)
33. Utilizing a Lockbox
34. Depository Transfer Checks and Preauthorized Debits (PADs)
35. Cost-Benefit Analysis of Cash Management Devices
Review Questions Module 8
Module 9: Obtaining Cash and Borrowing
36. Improving Personal Cash Receipts
37. Financing Cash Requirements
38. Marketable Securities and Money Market Funds
39. Short-Term Borrowings
40. Receivables and Inventory Financing
Review Questions Module 9
Module 10: Loan Qualifications and Banking Relationships
41. Five Cs of Credit
42. Bankers Lending Criteria
43. Your Relationship with the Banker
44. Drafts, Zero-Balance Accounts (ZBAs), and Controlled Disbursement Account
45. Getting Help from Money-Management Professionals
Review Questions Module 10
General Questions and Answers about Managing Cash
Appendix - Future Value Tables