Cash Flow Management Essentials for Non-financial Professionals
Cash flow management involves monitoring, analyzing, and adjusting your business's cash flows to maintain a steady flow of cash available for your activities when needed. This course provides some insights into managing cash flow in your area of operation. You are guided through the classification of cash flow into operating, investing, and financing activities. You are then introduced to the idea of the Total Business Float with help of a case-based example and how to recognize the implications of working capital on cash flow. Strategies to help you maintain sound cash flow management are also presented.
What You Will Learn
- Classifying examples of cash flow as operating, investing, or financing activities
- Calculating the potential cash gain when reducing the Total Business Float, given the annual sales volume, in a case-based example
- Recognizing the effect an increase or decrease in working capital has on cash flow
- Determining which cash management techniques will help achieve the cash management strategy for a given scenario