Working Capital Management

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: 

1. What is the appropriate level of current assets for a firm to carry, both in total and for each specific group, and 
2. 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. 

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.

Recommended For

• This online CPE webinar is recommended for CPAs, CFAs, CGFM, CVAs, and  other finance  professionals involved in Financial Planning for their clients

Who Should Attend?

Webinar Qualifies For

• 2.5 CPD Credit for Accredited in Business Valuation (ABV)
• 2.5 CPE Credit for Certified Management Accountants (CMA)
• 2 CPE Credit of Finance for Certified Public Accountants (CPA-US)
• 2.5 CPE Credit for Certified Valuation Analyst (CVA)
• 2.5 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
• 2.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
• 2.5 CE Credit for Certified Wealth Strategist (CWS)
• 2.5 General Credit for Accountant/Bookkeeper (ACCT./BK)
• 2.5 PL Credit for Chartered Financial Analyst (CFA)
• 2.5 CPE Credit for Chartered Financial Consultant (ChFC)
• 2.5 CPE Credit for Financial Services Certified Professional (FSCP)
• 2.5 CPE Credit for Chartered Advisor in Senior Living (CASL)
• 2.5 CPE Credit for Chartered Special Needs Consultant (ChSNC)
• 2.5 CPE Credit for Retirement Income Certified Professional (RICP)
• 2.5 CPE Credit for Wealth Management Certified Professional (WMCP)
• 2.5 PL Credit for Certificate In Investment Performance Measurement (CIPM)
• 2.5 CRE Credit for Certified Corporate FP&A Professional (FPAC)
• 2.5 CPE Credit for Certified Government Financial Manager (CGFM)
• 2.5 CPD Credit for Chartered Accountants - ICAEW
• 2.5 CPD Credit for Personal Financial Specialist (PFS)
• 2.5 CPD Credit for Chartered Certified Accountants (ACCA)
• 2.5 CPD Credit for Chartered Accountants - Ireland (CAI)
• 2.5 CPD Credit for Chartered Accountants - Scotland
• 2.5 CPD Credit for CPA - Ireland

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