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| Author : | Steven Bragg, CPA |
| Status : | Production |
| CPE Credits : | 5.0 |
| IRS Credits : | 0 |
| Price : | $49.95 |
| Passing Score : | 70% |
| Primary Subject-Field Of Study: | Finance - Accounting and Auditing for Course Id 847 |
| Description : |
The Working Capital Management course discusses how to reduce the adverse funding effects caused by working capital. The discussion includes a number of specific recommendations on how to manage cash, receivables, inventory, and payables. The course also addresses the operational characteristics that will allow a business to function with zero working capital. The course also examines the characteristics of different types of asset-based lending. |
| Usage Rank : | 0 |
| Release : | 2015 |
| Version : | 1.0 |
| Prerequisites : | None |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Working Capital Management Definition Investopedia
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| Advance Preparation : | None |
| Delivery Method : | Self-Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 14-Sep-2015 |
| 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 - 847 |
| Keywords : | Finance, Working, Capital, Management, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives
Identify the proper type of financing to be used for different working capital conditions. Note the sources of information used for the development of a cash forecast. Recognize the benefits of cash concentration and the types of available cash sweeps. State the characteristics of the different types of short-term investments. Note how the receivables investment will change in conjunction with differences in payment terms granted. Identify the possible contents of a credit rating system and how the scoring is organized. Recognize the circumstances under which software can be used to enhance collection activities. Note the structure of the measurements used to monitor accounts receivable. State the activities that can be used to reduce the overall investment in inventory. Recognize the activities required to ensure the success of a produce to order system. Note the behavioral effects of using inventory measurements. Identify the different types of float. State the different types of signals that may be sent to a supplier as part of the process of obtaining more credit. Note the operational requirements demanded by lenders for asset-based lending arrangements. Recognize the contents of a borrowing base calculation. Chapter 1 Identify the proper type of financing to be used for different working capital conditions. Chapter 2 Recognize the benefits of cash concentration and the types of available cash sweeps. State the characteristics of the different types of short-term investments. Chapter 3 Identify the possible contents of a credit rating system and how the scoring is organized. Recognize the circumstances under which software can be used to enhance collection activities. Note the structure of the measurements used to monitor accounts receivable. Chapter 4 Recognize the activities required to ensure the success of a produce to order system. Note the behavioral effects of using inventory measurements. Chapter 5 State the different types of signals that may be sent to a supplier as part of the process of obtaining more credit. Chapter 6 Recognize the contents of a borrowing base calculation. |
| Course Contents : | Chapter 1 - Working Capital Concepts The Nature of Working Capital The Importance of Working Capital The Optimum Amount of Working Capital Zero Working Capital Working Capital for a Growing Business Working Capital for a Declining Business Responsibility for Working Capital Chapter 2 - Cash and Investment Management Reasons to Hold Cash The Cash Forecast The Short-Term Cash Forecast The Medium-Term Cash Forecast The Need for Cash Concentration Cash Sweeping The Zero Balance Account Multiple Sweep Arrangements Manual Sweeping Sweeping Rules Sweep Problems Sweep Costs Summary Notional Pooling Notional Pooling Problems Notional Pooling Costs Summary Multi-Tiered Banking Hybrid Pooling Solutions Cash Concentration Best Practices Cash Concentration Alternatives Investment Guidelines Investment Strategy Types of Short-Term Investments Money Market Funds Commercial Paper Certificates of Deposit Bankers Acceptances U.S. Government Debt Instruments Chapter 3 - Receivables Management The Receivables Component of Working Capital Receivables Strategy Credit Exposure Risk Internal Credit Rating System Third Party Credit Ratings Credit Insurance Terms Alterations Receivables Financing Portfolio Approach to Risk Cross-Selling Credit Exposure Risk Early Payment Discounts Billing Impact on Working Capital Collections Management Other Cash Acceleration Techniques Receivables Measurements Days Sales Outstanding Bad Debt Percentage Receivables Aging Report Chapter 4 - Inventory Management The Inventory Conundrum Effective Inventory Management Reduce Product Options Shift Ownership Reduce Inventory Reserves Compress the Process Rationalize Distribution Prevent Obsolete Inventory Engage in Rapid Disposition Improve Inventory Records Adjust Policies Additional Concepts Produce to Order (Pull) System The Focus of Inventory Analysis Responsibility for Inventory Reduction Inventory Measurements Inventory Turnover Ratio Raw Materials Turnover Work-in-Process Turnover Finished Goods Turnover Returnable Inventory Valuation Opportunity Cost of Excess Inventory Chapter 5 - Payables Management Terms Enhancement Effective Payables Management Float Early Payment Discounts Payables for Distressed Businesses Supplier Signaling Special Situations Payables Measurements Chapter 6 - Asset-Based Lending The Line of Credit Invoice Discounting Inventory Financing The Borrowing Base Inventory as Collateral Glossary |
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