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Course Outline
Day 1: Cash Management Fundamentals and Daily Cash Positioning
- Introduction to corporate cash management
- Cash management roles and responsibilities
- The relationship between treasury, finance, accounting, procurement, and operations
- Distinguishing profit versus cash flow versus liquidity
- Analyzing cash inflows, outflows, and liquidity
- Fundamentals of the cash conversion cycle
- Operating, investing, and financing cash flows
- Analyzing bank balances and available cash
- Techniques for daily cash positioning
- Challenges in achieving cash visibility
- Daily liquidity reporting
- Practical exercise: Preparing the daily cash position
Day 2: Cash-Flow Forecasting and Liquidity Planning
- Fundamentals of cash-flow forecasting
- Direct and indirect forecasting methods
- Forecast horizons and planning periods
- Rolling forecasts and liquidity planning
- Forecasting customer receipts and operational payments
- Forecasting debt repayments and capital expenditures
- Managing forecast uncertainty
- Scenario planning and sensitivity analysis
- Forecast variance analysis
- Enhancing forecast accuracy and governance
- Practical exercise: Creating a 13-week cash-flow forecast
- Workshop on forecast variance analysis
Day 3: Working Capital and Internal Cash Optimisation
- Fundamentals of working capital management
- Optimizing receivables, payables, and inventory
- Days Sales Outstanding (DSO)
- Days Payable Outstanding (DPO)
- Inventory Holding Days
- Analysis of the Cash Conversion Cycle
- Improving collection processes and invoicing
- Managing overdue receivables
- Strategies for supplier payments
- Evaluating early payment discounts
- Techniques for inventory optimization
- Cross-functional working capital initiatives
- Practical working capital analysis exercise
- Group activity: Planning improvements
Day 4: Banking, Payments, Funding and Cash Concentration
- Managing corporate bank accounts
- Banking relationship management
- Reviewing bank fees and services
- Domestic and international payment methods
- Controls for payment approval and authorization
- Fraud prevention and payment security
- Segregation of duties and internal controls
- Cash concentration and pooling structures
- Zero balancing and target balancing
- Intercompany funding arrangements
- Short-term funding options
- Overdrafts, revolving facilities, and loans
- Short-term investments and deposits
- Practical exercise: Comparing funding options
- Case study on payment fraud prevention
Day 5: Cash Risk, Reporting, Technology and Improvement Planning
- Managing liquidity and funding risks
- Counterparty and banking risks
- Operational and payment risks
- Interest-rate and foreign exchange risks
- Treasury technology and cash management systems
- Bank portals and treasury management systems
- Automated reconciliation and reporting
- Cash management dashboards and KPIs
- Policy development and governance
- Management reporting and liquidity reporting
- Integrated cash management case study
- Cash management improvement planning
- Final assessment and participant presentations
Requirements
Participants are ideally expected to have:
- A basic understanding of finance, accounting, or treasury functions.
- Familiarity with financial statements and cash flow concepts.
- Experience in finance, accounting, treasury, budgeting, or related business roles (beneficial but not mandatory).
- Basic spreadsheet skills for forecasting and analysis exercises.
35 Hours
Testimonials (2)
Fun to talk
Jihan Fadila - BAF
Course - Root Cause Analysis (RCA) for Internal Audit
casual conversation supported by specific examples