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Managing the Cash Cycle - Accounts Payable & Receivable

LEORON Professional Development Institute
Course summary
5 days
4,770 USD excl. VAT
Dubai
Next available date: 15/11/2020 - Dubai

Course Description

Managing the Cash Cycle - Accounts Payable & Receivable

This 5-day Managing the Cash Cycle training course will provide a leading-edge forum for you to significantly improve your working capital management skills. You will gain a comprehensive range of very practical and highly effective tools and approaches that can be immediately implemented upon your return to work.

Working capital management influences both a firm’s risks and its expected returns. After completing this training course, you will be aware of the risk return trade-offs that are implied in financial forecasting, know the process of financial planning, the importance of managing cash inflows and outflows, how to finance short-term assets, and make the right decisions on financing and investment for your firm.

Suitability - Who should attend?

This training course provides a user-friendly environment to develop the knowledge and techniques related to both accounts receivable and accounts payable that are valuable for:

  • Finance Executives
  • Accountants
  • Others who are working within Transactional Finance, Accounts Payable or Accounts Receivable process or who wish to develop a practical toolkit to complement their existing professional or technical skills

This 5-day Managing the Cash Cycle training course is also ideal for those wishing to develop their understanding of how Working Capital efficiencies can make a significant improvement to profitability or you may already be employed in any of these functions within the business.

Prerequisites

None

Outcome / Qualification etc.

Course objectives

By attending this training course, participants will understand:

  • The integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger
  • How to effectively manage cash and working capital to reduce costs and improve cash flow
  • The “cost of credit” and its impact on company profitability
  • Practical steps that reduce bad debt losses and “uncollectible” debtors
  • The importance of the accounts payable function with regard to its links with the supply chain and cash flow
  • The impact of risk and uncertainty on the business and its impact on accounts payable and cash flow
  • How leading companies from across the globe are achieving best practice in Accounts Receivable and Accounts Payable

Key takeaways

  • Work effectively with the fundamentals of accounts payable, accounts receivable, financial accounting and the supply chain
  • Understand and apply the fundamentals of effective transactional management systems
  • Review and comment on payment methods and cash management
  • Understand the need to incorporate risk and uncertainty into transactional processing and cashflow management
  • Identify best practice across all industries by examining case studies from across the globe

Training Course Content

DAY 1: Accounting for Cash & Performance

  • Accounting Basics from source documents to the General Ledger
  • Cash Flow and Working Capital
  • The 3 Key Financial Statements
  • Cash vs. Profit
  • Working Capital and Cash Management

DAY 2: Developing effective strategies to maximise cash collection

  • Measuring credit risk:Tools and techniques of financial analysis
  • Customer sensitive collection techniques
  • Eliminating barriers to payment
  • Recognizing excuses and delaying tactics
  • Telephone collection techniques
  • Negotiation skills for successful collections

DAY 3: Managing the Receivables Ledger

  • Financial distress and the Altman’s Z score-type analyses
  • Developing effective internal relationships to maximize performance
  • Setting targets and tracking performance
  • Managing information that dazzles
  • Defining meaningful KPI’s
  • Latest Developments in Accounts Receivable

DAY 4: Achieving World Class in Accounts Payable Processes

  • Defining Best Practice in AP
  • Moving beyond P2P
  • Invoice Handling and Approval Processes
  • How to avoid duplicate payments
  • Making the best use of staff time: limiting telephone calls to AP

DAY 5: Harnessing Technology in Accounts Payable Processes

  • Master Vendor File Management – getting it right from the start
  • Travel & Entertainment
  • Policy management
  • Cash advances and employee reimbursement
  • Improving Procure to Pay(P2P) Cycle

Get Inspired! Watch the Video

The Partners for Quality Award recognizes an Employer providing support to an individual where there was a significant benefit to the Division or Society. LEORON institute was granted the prestigious award for their continued promotion of Organizational Excellence through training courses that are directly related to quality improvement techniques and methodologies they provide while promoting the values and mission of ASQ Quality Management Division.

   

Provider: LEORON Professional Development Institute

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Built upon the strong experience in the manufacturing sector, which its founders developed in Sweden during the 90’s global expansion, LEORON evolved into the dominant training institute that offers a comprehensive set of training and development solutions. All across the...


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Contact information for LEORON Professional Development Institute

LEORON Professional Development Institute

OFFICE 502, JLT
Dubai

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www.leoron.com

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