/  Managing the Cash Cycle - Accounts Receivable and Payable Best Practices Training

Managing the Cash Cycle - Accounts Receivable and Payable Best Practices Training

BMC Training provides a training course in Managing the Cash Cycle - Accounts Receivable and Payable Best Practices in Finance , Accounting and Budgeting

Course Title
Venue
Start Date
End Date
  • Istanbul
    27 - 9 - 2020
    8 - 10 - 2020
  • Bali
    27 - 9 - 2020
    8 - 10 - 2020
  • Singapore
    27 - 9 - 2020
    8 - 10 - 2020
  • Washington
    27 - 9 - 2020
    8 - 10 - 2020
  • Istanbul
    4 - 10 - 2020
    15 - 10 - 2020
  • Bali
    4 - 10 - 2020
    15 - 10 - 2020
  • Singapore
    4 - 10 - 2020
    15 - 10 - 2020
  • Washington
    4 - 10 - 2020
    15 - 10 - 2020

Introduction

The importance of cash cycle coming from fact that moving cash generating profit , so as much as you improve the cash cycle , as much as get more profit. Accounts receivable and payables best practices playing main rule in improving cash cycle. 

By attending this training course, delegates will understand:

  • Financial position , Financial performance and cash flow statement
  • The deferent between Cash flow and net profit
  • What is IFRS and IAS historical and future?
  • Revenues recognition and accounts receivables best practices
  • Pricing methods ,  market types and product life cycle
  • Source of short term finance and capital structure.
  • Cash flow and working capital management using latest technology.
  • How to improve Cash cycle and operation cycle using best practices.
  • Accounts payable best practices, payment methods, using technology and communication.
  • How to improve Inventory and supply chain management using best practices.

Objectives

  • Enhance the understanding of accounting environment, kay financial statement and IFRS.
  •  Identify the accounts receivables best practices and improve credit terms management.
  • Identify inventory and supply chain management best practices.
  • Identify accounts payable management best practices.
  • Improve cash and working capital management skills using latest technology and best tools.
  • Enhance the understanding of the cash cycle and cash cycle management.

The Contents

Day One

Accounting Environment

  • Accounting as a source of information
  • Accounting terminology
  • Financial Positon and financial performance
  • Cash flow VS net Profit
  • Preparing , presenting and understanding  cash flow statement
  • IFRS and IAS Overview   

Day Two

Accounts Receivables Overview

  • Defining best practices in AR
  • Revenues recognition as per IAS 18 and IFRS 15
  • Accounts receivables Process .
  • Accounts receivables presentation and provision for doubtful debts.
  • Cost of credit
  • Credit terms of trading
  • Effective customers service and customer satisfaction

Day Three

 Pricing Decision ,Product Life Cycle And Market Types

  • General Pricing approaches
  • Product Life Cycle and Pricing Decisions
  • Market types
  • Price elasticity of Demand
  • Exchange rate risk
  • Credit risk management
  • Assisting the impact of a change in credit terms

Day Four

Short Term Source Of Finance And Capital Structure 

  • Factoring receivables
  • Trade credit
  • Short Term bank Loans
  • Secured Financing 
  • Other types of working capital finance
  • Capital structure management and limitations

Day Five

Cash Management 

  • The Importance of cash and cash flow
  • Optimal Cash balance
  • Speeding up cash collection (Collection tools and techniques )
  • Slowing Cash Payments 
  • EOQ applied to cash management
  • Forecasting future cash flow
  • Cash ratios analyses

Day Six

Working Capital Management

  •  Account receivables turnover
  • Inventory turnover 
  • Account Payables turnover 
  • Cash cycle and operating cycle
  • Marketable securities management
  • Working capital ratios

Day Seven

 Accounts Payables Overview

  • Account payables definition and presentation
  • Define best practices in AP
  • Moving beyond P2P
  • End to end AP Process
  • Handling invoices
  • Defining the issues in AP
  • Managing Risks

Day Eight  

Inventory And Supply Chain Management

  • Economic order quantity ( EOQ )
  • Just – in- Time (JIT) and Kanban inventory system
  • Distribution network system
  • Logistics excellence
  • Customer service management
  • Achieving organizational excellence in warehouse operation
  • Auto ID system 
  • Electronica data integration     

Day Nine  

 Technology

  • Accounts payable and receivables work flow
  • Master vendor file management
  • Electronic invoice  
  • Using the Internal for AP effectiveness
  • How to avoid duplicate payment
  • Reporting forms  

Day Ten  

 Payments and Communication

  • Letter of Credit ( LC )
  • Cash against documents 
  •  Cheque
  • Procurement cards
  • Payments status information to vendor
  •  Communication with internal customers 

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