Cash Management

by

This course explores the delicate balancing act of cash management. It covers controlling cash flows, monitoring liquidity, detecting fraud, and fostering a culture that focuses on cash.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

Cash Management

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

Cash Management

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Recognise the importance of cash management in business
  • Explain the role of cash flow in liquidity management
  • Outline effective strategies for cash and liquidity management
  • Examine international trading risks and how traditional payment systems are being challenged by fintechs
  • Explore the cash flow risks involved in currency exchange rates
  • Understand the importance of an effective credit policy
  • Raise awareness of how automation and accounting can prevent company fraud

About the course

Accountants play a crucial role in monitoring data and optimising cash flow, which can make the difference between an entity’s success and failure. Successful businesses recognise that ‘cash is king’. They understand where their cash is coming from, where it’s going, and most importantly the timing of transactions.

The course delves into the delicate balancing act of cash management, emphasising the benefits of controlling cash flows. It covers strategies for monitoring liquidity, detecting fraudulent transactions, and fostering a culture that focuses on cash.

It highlights the accountant’s position as a trusted advisor and guardian of integrity within cash management.

Contents

Overview

The importance of cash management
Challenges of cash management
Badly handled cash
Building a cash culture
Beware bad forecasting

The internal components of cash management

Measuring cash flows
Cash flow and working capital
The cycle of working capital
Short-term liability

Payments revolution

Traditional banking vs fintechs
Payment gateways
Artificial intelligence in payments
Contingency funds

Cash management in international markets

Treasury management
Treasury management and international trade
Country risk
Protecting supply chains

Cash flows in a crisis

Management by inertia
Improving accounts receivable
Scaling up funding
When to seek advice
Seeking advice on liquidity

Applying ethics to cash management

Trouble at the top
Guiding internal stakeholders
Keep an eye on customer activity
Identifying fraud in practice
The cost of workplace fraud

How it works

Author

Carol Baker

Carol Baker

Carol Baker is Editor-in-Chief at Credit Control Journal and Asset & Risk Review, IT for CEOs & CFOs, and Property Finance & Lifestyle. Carol has been a journalist for a number of years including for ICAEW, the Financial Times, and the Guardian and often works alongside others to uncover corporate financial frauds.