Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 4,500
Overview
In recent years there has been a growing recognition that, in the long run, effective management of cash flow is more important than profit. Long-term cash flow is the real value of a business. It has also been recognized that there is significant potential for improved financial performance from the more effective management of working capital – both directly from immediate cash gains and reduced net interest costs, and indirectly through its impact on increased profitability and return on capital employed.
Learning Objectives
Understand the fundamentals of effective management of cash flow, including the optimization of the level of working capital.
Develop practical experience of how to manage cash flow and optimize working capital to facilitate such delivery in real-life business situations.
Increase personal financial skill levels
Develop confidence through understanding the major drivers of successful financial performance.
Learn many technical skills, all of which lead to the ability to calculate the required figures and implement them into value-adding business decisions.
Understand balance sheets and profit-and-loss statements
Understand the importance of cash as the lifeblood of a business
Focus on key management areas of inventory, accounts receivable and accounts payable
Understand how to control and manage the cash flow of a business
Forecast cash flows and draft a cash budget
Evaluate projects based on their expected cash flows
Incorporate risk into financial decisions
Optimizing working capital
Managing accounts receivable
Managing inventory
Strategic management of cash & working capital
Planning, forecasting, and monitoring cash and working capital
Financial modeling tools and techniques for cash and working capital management
Who Should Attend
Treasury Team Members
Commercial Managers
Receivables and Payables Team Members
Planning and Budgeting Managers
Financial and Management Accountants
Capital Investment and Project Management Team Members
Treasury Team Members
Commercial Managers
Receivables and Payables Team Members
Planning and Budgeting Managers
Financial and Management Accountants
Capital Investment and Project Management Team Members
Course Outline
Day 1 — Accounting for Cash & Performance
A Performance Management Model
The Financial Language
Accounting Basics
Cash Flow and Working Capital
Day 2 — Measuring & Improving Performance
The Impact of Inflation on Financial Performance
Measuring Performance: Ratios and KPIs
Benchmarking of Performance
Ratios for cash and working capital management
Day 3 — Strategic Cash Management
Cash & Cost modeling
The Economic Value Model
The Time Value of Money and Discounted Cash Flow (DCF)
The Key Investment Indicators
Day 4 — Optimisation of Working Capital
Optimization not Minimisation
Key Issues
Stock
Debtors
Day 5 — Cash Flow Planning and Forecasting
Approaches to managing cash resources
Cash flow forecasting methods
An integrated approach to risk management
Techniques for managing risk
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa finance and accounting courses cover?
The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.
Who should attend a finance and accounting course?
These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.
How long are finance and accounting courses, and where are they held?
Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can finance and accounting training be delivered in-house for our team?
Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.