How To Manage Working Capital Effectively

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Working Capital Management

Learning Objectives

To recognize the components of working capital and calculate net working capital
To explore the factors that determine the risk appetite of an organization.
To explore how risk affects a firm’s approach to managing working capital.
To identify working capital opportunity costs and the tradeoffs between liquidity risk and return on assets.
To identify and explain the three motives for holding cash.
To identify methods of speeding up cash collections.
To recognize the different types of marketable securities.
To recognize the trade-offs among the variables in marketable security selections, including safety, marketability, yield, maturity, and taxability.
To recognize the components of credit policy.
To explore the impact changes in credit policy have on accounts receivable, working capital, and sales volume.

Course Description

A significant amount of management time in many businesses, particularly small businesses, is devoted to assuring that there will be sufficient cash to pay employees, vendors, and creditors. While the expression “Cash is King” has some truth, a solid understanding of the inter-relationships between working capital components is necessary for all businesses to succeed in the long run.

Working capital is the current assets used in a business, which are typically financed by current liabilities. While the time frame for current assets and current liabilities is typically one year, working capital management has long-term implications for many firms.

Working capital management focuses on two basic questions:

What is the appropriate level of current assets for a firm to carry, both in total and for each specific group, and
How current assets should be financed.

This CPE webinar is made up of 8 modules that examine working capital management at a macro and micro level. Starting with a discussion of a firm’s appetite for risk and the implications of having too much and too little working capital, the course then explores issues related to managing types of current assets, including cash, marketable securities, receivables, and inventory. The types of short-term credit to finance current assets are then covered, followed by a discussion of the costs of short-term credit.

This online CPE Finance webinar covers the following key topics:

Working capital risks and strategies.
Cash management.
Cash forecasts.
Marketable securities.
Receivables management.
Inventory management.
Short-term credit.
Costs of short-term credit.

Webinar Qualifies For

2 CPE Credit of Finance for Certified Public Accountants (CPA-US)
2.5 General Credit for Accountant/Bookkeeper/Tax Professionals
2.5 CPD Credit of Finance for CPA in Canada
2.5 CPE Credit for Certified Management Accountants (CMA)
2.5 CPE Credit of Finance for Certified Valuation Analyst (CVA)
2.5 CPD Credit of Finance for Accredited in Business Valuation (ABV)
2.5 CPE Credit of Finance for Chartered Global Management Accountants (CGMA)
2.5 PL Credit for Chartered Financial Analyst (CFA)
2.5 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2.5 CE Credit for Chartered Financial Consultant (ChFC)
2.5 CPE Credit for Certified Government Financial Manager (CGFM)
2.5 CPD Credit for Chartered Accountant - ICAEW
2.5 CE Credit for Certified Wealth Strategist (CWS)
2.5 CE Credit for Certified Fiduciary and Investment Risk Specialist (CFIRS)
2.5 CE Credit for Retirement Income Certified Professional (RICP)
2.5 CE Credit for Financial Services Certified Professional (FSCP)
2.5 CE Credit for Wealth Management Certified Professional (WMCP)
2.5 CPE Credit of Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
2.5 CE Credit for Certified FP&A Professional (FP&A)
2.5 CPD Credit for Chartered Accountants - Scotland
2.5 CE Credit for Chartered Advisor in Senior Living (CASL)
2.5 CPD Credit for Chartered Accountants - Ireland (CAI)
2.5 CPD Credit for CPA - Ireland
2.5 PL Credit for CIPM
2.5 CE Credit for Chartered Special Needs Consultant (ChSNC)

About Instructor

Thomas Coghlan

Founder & CEO, CPE University, LLC

He has worked at the intersection of entrepreneurship, business leadership, technology, and education for over 25 years, resulting in a wide range of skills and experiences...

Entrepreneur:

Founder and CEO of two successful businesses: Appitur® Co. (EdTech) and CPE University (training for accountants).
Advisor and investor for startups in food services, online retail, and technology.

Business Leadership:

Progressively responsible roles for multi-national firms in the manufacturing and software industries (Controller -> CFO and IT Director -> VP of Client Services).

Technology:

Business Fellow for the Analytics Center of Excellence at Villanova University School of Business.
Sold and delivered over $4 million of successful consulting projects.

Education:

Developed and delivered over 1,300 hours of live Continuing Professional Education (CPE) for financial professionals.
Created and taught undergrad and MBA courses in accounting and analytics for a top US university.

Additional Information

Duration

2.5 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.4

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Very Good

Average

Poor

Terrible

Andrew Robertson, CPA (US)

Great detail of working capital and the variety of forms of securities when looking to increase working capital

Rachel Cua, CPA (US)

Great materials on finance and accounting concepts. Instructor was great in explaining more complex concepts.

CVR

Charles Van Ravenswaay, CTP

Excellent presenter and good, useful material. This class was worth the time and effort

Jeffrey Kirsch, CPA (US)

I enjoyed the course and the instruction was very good.

Mark Robbins, CPA (US)

Excellent overview!

2.5 Credits

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Subject Area

Finance

Completed

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Working Capital Management

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Thomas Coghlan

Other Details

Additional Information

2.5 Hours

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.4

Andrew Robertson, CPA (US)

Rachel Cua, CPA (US)

Charles Van Ravenswaay, CTP

Jeffrey Kirsch, CPA (US)

Mark Robbins, CPA (US)

Subject Area

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