Managing cashflow during a pandemic

Learning Objectives

• To provide insights and best practices regarding the important task of managing and expediting receivables.
• To identify major sources of capital and related capital investment plans to provide working capital to the business
• To provide practical examples of reporting practices, models & dashboards, that are essential to cash management in a pandemic
• To provide insights into current strategies to monitor cash flow related to payables management, consideration of alternate revenue streams, supply chain & inventory management

Course Description

Under normal business conditions, companies primarily focus on the profit and losses–growing the top line while managing the bottom line. Routine back-office activities such as paying bills and turning receivables into cash are often taken for granted.

The COVID-19 pandemic has had many far-reaching implications. In addition to the financial reporting impact of the pandemic, many other business functions, such as managing cash flow is also proving to be challenging in the current environment and will require adjustments to how they were done in the past. 

In the current abnormal business conditions, smart companies are shifting their focus from the income statement to the balance sheet. Of the three elements of supply chain working capital–payables, receivables, and inventory, supply chain executives have a tendency to focus on inventory. But, in order to minimize working capital requirements during challenging times, it’s important to apply a coordinated approach that addresses all three areas.

Key topics discussed in this online Cashflow Management CPE webinars: 

• Discuss the challenges of managing cash flow in a pandemic. 
• The importance of cash flow 
• The flow of business transactions in order to accelerate the availability to use cash to run the business will be a focal point of the discussion.  

Recommended for:

This CPE webinar for CPAs is recommended for practitioners and staff involved with the preparation of cash and tax basis financial statements

Overview

• Background & Introduction

  3 mins
• Focus on the cash-to-cash conversion cycle

  17 mins
• Receivables & Payables

  31 mins
• Centralize your invoice payments

  59 mins
• Revisit your Approach to cash Forecasts

  76 mins
• The Big Picture

  95 mins