27 Apr - 1 May 2025
Istanbul (Turkey)
Hotel : DoubleTree by Hilton Istanbul Esentepe
Cost : 5775 € Euro
Effective cash flow management has become more important than profit for long-term business success. This seminar focuses on optimizing working capital, managing accounts receivable, and improving inventory management. Participants will learn strategic techniques for managing cash and working capital, along with tools for planning, forecasting, and monitoring cash flow. The course combines theoretical principles with real-life case studies to provide practical skills in financial modeling and effective working capital management.
Acquire an understanding of the fundamentals of effective management of cash flow, including the optimization of the level of working capital.
Develop practical experience of how to manage cash flow and optimize working capital to facilitate such delivery in real-life business situations.
Increase personal financial skill levels
Develop confidence through understanding the major drivers of successful financial performance.
Learn a number of technical skills, all of which lead to the ability to calculate the required figures and implement them into value-adding business decisions.
This seminar is strongly participative, with a learning-by-doing style that makes extensive use of examples, and team-based exercises and case studies (both numeric/analytical and non-numeric/descriptive), and open discussion. A fair level of numeracy is an advantage on this course as is some prior familiarity with the financial basics of income statements, balance sheets, and cash flow statements (although this is not essential).
The course will include refresher sessions on accounting and the basics of discounted cash flow (DCF). Each day will comprise several sessions, introducing new material to build on the learning from previous sessions. The program is designed to support the company’s organizational values, enabling employees to learn key finance skills.
Manage cash and working capital more effectively (including inventory and accounts receivable)
Be pro-active in seeking and finding approaches to improve both cash and working capital management
Communicate the importance of improving cash and working capital management to colleagues
Help others to improve cash and working capital management
Better budget and plan cash and working capital
Understand the basic concepts of finance as it relates to their businesses
Read and understand balance sheets and profit-and-loss statements
Be aware of the singular importance of cash as the lifeblood of a business
Focus on key management areas of inventory accounts receivable and accounts payable
Understand how to control and manage the cash flow of a business
Forecast cash flows and draft a cash budget
Evaluate projects based on their expected cash flows
Incorporate risk into financial decisions
Day 1: Accounting for Cash & Performance
A Performance Management Model
The Financial Language
Accounting Basics
Cash Flow and Working Capital
The 3 Key Financial Statements
Cash Vs Profit
Using financial statement to manage cash and working capital
Day 2: Measuring & Improving Performance
The Impact of Inflation on Financial Performance
Measuring Performance: Ratios and KPIs
Benchmarking of Performance
Ratios for cash and working capital management
Basics of working capital management
Credit Risk Management
Financial modeling for cash and working capital management
Spreadsheet modeling and tools and approaches
Day 3: Strategic Cash Management
Cash & Cost modeling
The Economic Value Model
The Time Value of Money and Discounted Cash Flow (DCF)
The Key Investment Indicators
Defining the Right Base Case, Sensitivity and Risk Analysis
Treatment of Working Capital
Valuing Companies and Acquisitions
Where Does Net Present Value (NPV) Come From?
The Drivers of Value
Learning from Experience and Delivering Project Value
Day 4: Optimization of Working Capital
Optimization not Minimisation
Key Issues
Stock
Debtors
Creditors
Stores
Settlement Options
The Cost of Working Capital
Long term
Short term
Practical Examples
Engaging the Organisation
Day 5: Final Session
Course Summary and Checklists
Cash Budgets & Budgeting
Financial Skills and Further Development
Open Forum
Course Review