Learn how to balance risk and reward across key working capital accounts, including cash, accounts receivable, inventory, accounts payable, and short-term debt.
Learn how to balance risk and reward across key working capital accounts, including cash, accounts receivable, inventory, accounts payable, and short-term debt. Gain insights into forecasting, monitoring, and assessing working capital balances to make informed financial decisions.
You'll delve into the core definitions of gross and net working capital, understanding their profound impact on liquidity and profitability. Explore the critical cash conversion cycle—the engine driving your business—and learn to optimize Days Inventory Outstanding, Days Sales Outstanding, and Days Payable Outstanding to accelerate cash flow and fuel growth, even during spikes.
This course equips you with the tools to strategically manage every facet of working capital:
Cash: Minimize idle funds while ensuring readiness for operations and opportunities.
Accounts Receivable: Accelerate collections, optimize credit policies, and mitigate losses with effective strategies and detailed aging analysis.
Inventory: Balance stock levels to avoid costly excesses and devastating stockouts using Economic Order Quantity and Reorder Point models.
Accounts Payable: Master timely payments and leverage discounts to preserve cash.
Short-Term Investments: Learn to wisely deploy excess cash for higher yields while meticulously managing interest rate and liquidity risks.
Short-Term Debt: Explore the use of business lines of credit and other short-term funding options to maintain liquidity and reduce costs.
Packed with practical examples, formulas, and actionable strategies, this course is ideal for CFOs, financial managers, business advisors, and anyone looking to enhance their financial management skills. Whether you're managing a startup or an established company, this course will equip you with the tools to improve cash flow, reduce costs, and maximize profitability.
3 activities • 13 videos • duration: 1h 53m
Founder of CFO Perspective
Rob Stephens is the Founder of CFO Perspective, which provides continuing education courses for CPAs and financial management courses for business advisors and staff. He has been quoted in Forbes, U.S. News and World Report, Bloomberg Businessweek, and many other news sources. He is also the author of Key Performance Indicators and KPI Dashboards. Rob has a 30-year career that includes serving as a CFO, Director of Operations, and SVP of Finance. Rob is an adjunct instructor for the MBA program at Gonzaga University. Rob holds a Masters of Science in Personal Financial Planning and a Graduate Certificate in Financial Therapy from Kansas State University. He received a B.A. in Business Administration from the University of Washington.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
very good course
Great Thank you
Good overview
Great refresher.
