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Course Details

Working Capital Management (Course Id 847)

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Author : Steven Bragg, CPA
Status : Production
CPE Credits : 5.0
IRS Credits : 0
Price : $49.95
Passing Score : 70%
NASBA Technical: No
Primary Subject-Field Of Study:

Finance - Finance 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 :
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

    • Recognize the conditions that can lead to zero working capital.
    • 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
Working Capital Concepts

• Recognize the conditions that can lead to zero working capital.
• Identify the proper type of financing to be used for different working capital conditions.

Chapter 2
Cash and Investment Management

• 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.

Chapter 3
Receivables Management

• 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.

Chapter 4
Inventory Management

• 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.

Chapter 5
Payables Management

• 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.

Chapter 6
Asset-Based Lending

• Note the operational requirements demanded by lenders for asset-based lending arrangements.
• 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

Finance Course 847 Home: https://www.cpethink.com/cpe-for-cpas
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