Certification in Working Capital Management | Free Finance & Accounting Course coupon code 

Certification in Working Capital Management | Free Finance & Accounting Course coupon code 

Description

This course is designed to enhance your working capital management capabilities, increase efficiency for professional growth, and make a positive and lasting impact in your business or organization. The course covers various aspects of working capital management, including the planning of working capital, financing of working capital needs, the financing mixes, credit risk management, cash management and cash planning, cash flow forecasting, and treasury management.

The course includes engaging video lectures, case studies, assessment, downloadable resources, quizzes, self-assessment, film study, and assignments to nurture and upgrade your working capital management. In the first part of the course, you will learn the details of working capital management, planning of working capital, financing of working capital needs, the financing mix, credit risk management, inventory management, cash management, cash planning, cash flow forecasting and Treasury management, and receivables management.

In the middle part of the course, you will develop knowledge about managing collection and disbursement of working capital, cash management, cash planning, cash flow forecasting and Treasury management, and receivables management. In the final part of the course, you will develop the knowledge related to factoring, inventory management, integration of working capital and capital investment process, and working capital management practices in India.

Working capital management involves overseeing a company's operational liquidity, ensuring that it has enough short-term assets to cover its short-term liabilities. Key aspects of working capital management include current assets (e.g., cash, accounts receivable, and inventory) and current liabilities (e.g., accounts payable and short-term debt). Key metrics for working capital management include the Current Ratio (current ratio) and Quick Ratio (Acid-Test Ratio).

Cash management is crucial for efficient management of cash, which involves optimizing cash inflows and outflows, monitoring daily cash positions, and having effective cash forecasting. Accounts Receivable Management involves balancing credit terms with customers to ensure timely payments, implementing effective invoicing and collection processes, and implementing effective invoicing and collection processes. Inventory Management balances the costs of holding inventory with the need to avoid stockouts and employs techniques like just-in-time (JIT) inventory management to minimize holding costs.

Accounts Payable Management involves negotiating favorable payment terms with suppliers without harming relationships and ensuring timely payments to take advantage of any available discounts. Working Capital Financing identifies appropriate short-term financing options to cover any shortfalls and balances the cost of financing with the benefits of having enough liquidity. Risk Management is essential for identifying and managing risks associated with working capital, such as currency risk or interest rate risk.

Continuous Monitoring and Improvement: Regularly reviewing and adjusting strategies based on changes in business conditions and using technology and automation to streamline processes and enhance efficiency.

Industry and Seasonal Variations: Recognizing that working capital needs may vary by industry and can be influenced by seasonal factors. Efficient working capital management is crucial for the smooth day-to-day operations of a business, ensuring that a company can meet its short-term obligations while also having the necessary resources to invest in growth opportunities. Striking the right balance is key to maintaining financial health and sustaining long-term success.

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