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Course Details

The Four Principles of Happy Cash Flow (Course Id 1118)

Updated / QAS / Registry   Add to Cart 
Author : Leita Hart-Fanta, CPA
Status : Production
CPE Credits : 4.5
IRS Credits : 0
Price : $44.95
Passing Score : 70%
Primary Subject-Field Of Study:

Finance - Accounting and Auditing for Course Id 1118

Description :

Cash is the most powerful asset your business can have. The Four Principles of Happy Cash Flow reveals four simple rules to keep the cash flowing through your business. In addition to these principles, the course covers such concepts as using profit margins, minimizing inventory, increasing volume, collecting money faster, and stretching vendor payments. The author offers advice and provides examples of businesses that use cash flow well so that you can learn from those businesses.

This course is an easy-to-understand guide for those who want to understand cash flow, who are planning to start a business, or who are looking to improve cash flow in their established businesses.

Usage Rank : 0
Release : 2017
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 22-Jul-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 - 1118

Keywords : Finance, Four, Principles, Happy, Cash, Flow, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Recognize the benefits of generating cash flow
  • Identify the phases of the business cycle and where cash flow principles are best applied
  • Identify the first principle of Happy Cash FlowTM
  • Identify the second and third principles of Happy Cash FlowTM
  • Distinguish between metrics used to measure the speed of the cash conversion cycle
  • Identify methods to generate additional profits
  • Identify how successful companies apply the principles of Happy Cash FlowTM to generate cash flow
  • Apply the principles of Happy Cash FlowTM to service organizations and other industries
  • Identify techniques to collecting from customers faster
  • Identify techniques for minimizing inventory
  • Identify techniques for stretching payments to vendors
  • Identify the benefits and costs of cash flow projection
  • Identify the steps for creating a step-by-step cash flow forecast

Chapter 1
Generating Cash Flow

After completing this section of the course, you will be able to:
    1. Recognize the benefits of generating cash flow
    2. Identify the phases of the business cycle and where cash flow principles are best applied

Chapter 2
The First Principle: Use Other People’s Money

After completing this section of the course, you will be able to:
    1. Identify the first principle of Happy Cash FlowTM

Chapter 3
The Second and Third Principles: Cut the Number of Days in the Cycle, and Pump up the Volume

After completing this section of the course, you will be able to:
    1. Identify the second and third principles of Happy Cash FlowTM
    2. Distinguish between metrics used to measure the speed of the cash conversion cycle

Chapter 4
The Fourth Principle: Put a Little in, Get a Lot Out

After completing this section of the course, you will be able to:
    1. Identify methods to generate additional profits

Chapter 5
Successful Applications of the Four Principles of Happy Cash FlowTM

After completing this section of the course, you will be able to:
    1. Recognize how successful companies apply the principles of Happy Cash FlowTM to generate cash flow

Chapter 6
Is It Possible to Apply the Principles to Your Organization?

After completing this section of the course, you will be able to:
    1. Apply the principles of Happy Cash FlowTM to service organizations and other industries

Chapter 7
Speed up Collections

After completing this section of the course, you will be able to:
    1. Identify techniques to collect from customers faster

Chapter 8
Minimize Inventory

After completing this section of the course, you will be able to:
    1. Identify techniques for minimizing inventory

Chapter 9
Stretch Payments to Vendors

After completing this section of the course, you will be able to:
    1. Identify techniques for stretching payments to vendors.

Chapter 10
Now You Can Project Your Cash Flow

After completing this section of the course, you will be able to:
    1. Identify the benefits and costs of cash flow projection
    2. Identify the steps for creating a step-by-step cash flow forecast
Course Contents :

Chapter 1 Generating Cash Flow

Learning Objectives

Whats So Great about Generating Your Own Cash Flow?

How to Generate Cash Flow

What Are the Four Principles of Happy Cash Flow?

The Principles Apply Only to the Sales Phase of a Business Cycle

Chapter 1 Review Questions

Chapter 1 Review Question Answers and Rationales

Chapter 2 The First Principle: Use Other Peoples Money

Learning Objectives

How Not to Do It

How to Do It

What You Can Do

Chapter 2 Review Questions

Chapter 2 Review Question Answers and Rationales

Chapter 3 The Second and Third Principles: Cut the Number of Days in the Cycle, and Pump up the Volume

Learning Objectives

The Second Principle: Cut the Number of Days in the Cycle

Cash Conversion Cycle

Metrics to Measure Your Success

DSO

Accounts Receivable Aging

Why Even Have Sales Outstanding?

DSI

Days between Billings Replaces DSI for Service Organizations

DPO

A More Equal Arrangement

How the Metrics Add Up

What Does Positive 40 Mean?

Now What Does Negative 42 Mean?

Little Things Can Add Days to Your Cash Conversion Cycle

The Third Principle: Pump up the Volume

Chapter 3 Review Questions

Chapter 3 Review Question Answers and Rationales

Chapter 4 The Fourth Principle: Put a Little in, Get a Lot Out

Learning Objectives

Generating Corporate Profit

Generating Revenues in Excess of Expenditures

The McDonalds Want Fries with That? Concept

Governments Have Plenty of Fries

Chapter 4 Review Questions

Chapter 4 Review Question Answers and Rationales

Chapter 5 Successful Applications of the Four Principles of Happy Cash Flow

Learning Objectives

Who Is Doing It Right?

Walmart

Southwest Airlines

ZARA Fashions

Free Checking?

Apple Computer

Chapter 5 Review Questions

Chapter 5 Review Question Answers and Rationales

Chapter 6 Is It Possible to Apply the Principles to Your Organization?

Learning Objectives

The Big Boys Can Do This, But Can I?

It Wont Work in My Industry

Two Different Philosophies in the Same Industry

A Pizza Franchiser

A Tradeoff Between the Principles

Other Models

A Service Model a Contingency Lawyer

The Federal Grant

The Multi-Level Marketer

What to Do Next

Chapter 6 Review Questions

Chapter 6 Review Question Answers and Rationales

Chapter 7 Speed up Collections

Learning Objectives

What Can You Do to Collect from Customers Faster?

Strategies to Apply Before Your Sale

Purchase Credit Insurance

Differentiate Your Product So That Theyll Think Twice about Paying Late

Negotiate for Earlier Access of Bank Funds

Strategies to Apply During Your Sale

Educate Clients about Your Expectations

Have Salespeople Profile Customers

Screen Customers for Credit Worthiness

Limit Terms

Document Customers Change Orders

Get a PO Because It Is a Contractual Obligation

Identify Payer Needs

Strategies to Apply upon Delivery of and Billing for Goods or Services

Get Proof of Delivery

Invoice Correctly

Sell COD

Use a Financing Company

Accept Credit Cards

Reward Salespeople for Collections

Strategies for Dealing with Delinquent Payments

Call or Email Frequently

Review Aging Reports with Managers and Salespeople

Cut off Services

Use Collection Agents

Use Repo Agents


Sell Uncollected Accounts Receivable

Take a Lien

Ideas for Minimizing the Billing Component

Receive Payments Before the Customer Receives Complete Goods or Services

Get Deposits from Customers

Pre-Bill Where You Can

Use Milestone Billing for Long-Term Projects

Receive Payments Automatically Or Electronically

Automatically Debit Customers Accounts

Bill on the Internet

Invoicing

Bill When Customers Are Most Likely to Pay

Invoice as Frequently as Possible

Ask for Payments More Frequently

Send out Statements

Chapter 7 Review Questions

Chapter 7 Review Question Answers and Rationales

Chapter 8 Minimize Inventory

Learning Objectives

The Dangers of Inventory

Buying Products in Hopes That Someone Will Buy Them Is Dangerous

Storing Inventory Is Costly

A Less Costly Scenario

An Innovative Way to Move Inventory

How Can You Reduce Your Inventory?

Product-Related Practices

Improve the Quality of Your Products or Services

Use Kaizen/Six Sigma Principles to Garner Efficiencies

Stock Only Items That Have a Quick Turnaround

Reduce Models and Options

Use the Same Inventory Items to Create Multiple Products

Sell Byproducts of the Manufacturing Process

Customer-Related Practices

Evaluate Clients

Manage Customer Expectations

Limit Returns

Reduce Rental and Try-Before-You-Buy Programs

Vendor-Related Practices

Order Inventory Just-in-Time

Make Products to Order Instead of to Sell

Outsource Components

Pay Only as You Use the Inventory

Set up Vending Machines

Make the Vendor Keep the Inventory

Have Vendors Ship the Inventory to Customers

Order in Real Time

Employee-Related Practices

Allow Only Limited Access to Inventory

Reward Employees

Chapter 8 Review Questions

Chapter 8 Review Question Answers and Rationales


Chapter 9 Stretch Payments to Vendors

Learning Objectives

Be Very Careful When Stretching Payables

Ideas for Stretching Payments

Paying Just on Time

Hold Stacks of Checks for Later Payment

Pay with Credit Cards

Paying Late

Use Excuses

Lose the Invoice

Use Remote Accounts to Disburse Funds

Form a Friendly Relationship with Vendors

Be Consistent in Your Lateness

Paying Less than the Balance

Net Payments When Vendors Are Also Customers

Pay a Little Bit on Outstanding Balances

Take Major Vendor Discounts Even If You Pay Late

Take a Discount or Pay as Late as Possible?

Chapter 9 Review Questions

Chapter 9 Review Question Answers and Rationales

Chapter 10 Now You Can Project Your Cash Flow

Learning Objectives

Use Forecasting to Manage Cash

Is Forecasting a Waste of Time and Money?

Other Benefits of a Cash Flow Projection

Step-by-Step Cash Flow Forecast

Step 1: Planning

Step 2: Generate the Numbers

Revenue Projection

Define the Unit of Revenue

Come up with Assumptions

Expense Projects

Consider Balance Sheet Items

Tighten Projection

Step 3: Sell Forecast to Stakeholders

Step 4: Monitor

Step 5: Revise

Make Your Forecast Work for You

Make it Worthwhile to You

Use Understandable Language

Be Patient, Realistic, and Flexible

Communicate, Communicate, Communicate

Hold Managers Accountable

Chapter 10 Review Questions

Chapter 10 Review Question Answers and Rationales

Glossary

Finance Course 1118 Home: https://www.cpethink.com/cpe-for-cpas
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