Course Objectives

• Determine the reasonable level of cash to keep on hand
• Determine how much should the firm borrow in the short term
• Determine how much credit should be extended to customer
• Distinguish between  cash management and liquidity management
• Explain and manage float
• Manage cash Disbursements
• Plan how to invest cash Surpluses
• Determine Target cash balance
• Manage cash and liquidity

Course Outline

• Short-Term Finance and Planning.

• Tracing Cash and Working Capital
• The Operating Cycle and the Cash Cycle
• The Cash Budget
• Short-Term Borrowing
• A Short-Term Financial Plan

• Cash and Liquidity Management:

• Float Management
• Cash Collection
• Managing Cash Disbursements
• Investing Idle Cash

• Determining the Target Cash Balance

• The BAT Model
• The Miller-Orr Model: A More General Approach
• Other Factors Influencing the Target Cash Balance

Who Can Benefit

• VPs of Finance
• Controllers
• Financial Analysts
• Accountants
• Project Managers and Leaders
• Budget, Business Analysts and Treasury Professionals