CPD

Working Capital Optimisation

Speaker: John Mardle 
12 May, 10 November 2010
Time: 9.00 - 5.00
Location: London
CPD Hours/Units: 8 CPD hours (for non-CIMA members)

Who will benefit 

Accountants and treasurers at all levels - directors, senior managers, heads of finance - plus project/programme managers, credit control, sales and purchase ledger staff, buyers and sales professionals. The course will be valuable to anyone responsible for managing any part of the working capital pipeline.

The course is aimed at all organisations who want to optimise their working capital and improve cash flow reporting, need to understand how working capital drivers will enhance the Cash Conversion Cycle and need to ensure investors and stakeholders are viewing the right metrics.

The issues the course addresses apply to manufacturing businesses, the services sector, logistics and retail, through to complex project/programme scenarios in the construction, engineering and oil and gas sectors, including the consulting services to these sectors.

What you can gain 

Help your company to make more money through:

• requiring less external working capital funding
• incurring lower overhead costs
• improving customer and supplier relationships
• capturing more billable costs
• presenting an accurate and honest picture of the business to analysts.

The course will clarify how

• accountants, managers and directors at all levels can impact the whole working capital pipeline of creditors, debtors, work-in-progress, process costs and product/customer margins
• a rigorous approach to analysing the pipeline can uncover where actions to improve working capital should be focused
• the treatment of working capital significantly impacts not only the accounting information of an organisation but how it is perceived by analysts and the marketplace in general
• issues beyond the current credit crunch loom as future risks to working capital, such as corporate social responsibility, green issues and the cost of dealing with enhanced security
• management teams can deliver improvements to working capital, including appointment of champions
• understanding factoring/forfeiting/supplier and payroll finance could assist working capital
• to gain an appreciation of the capacity, capability and maturity of functions, sites, organisations in coping with working capital improvement programmes
• to deal with the challenges associated with incentivising executives/management teams in the setting of KPI’s
• to establish which KPIs or working capital drivers really make the difference in reducing working capital.

Course content 

• The context: historical perspective (Black Monday, Wednesday, Credit Crunch); future risks (CSR, Green, Security).
• Working capital optimisation – what is it?: managing the working capital ‘pipeline’.
• How working capital impacts cash flow: case studies covering debtors, creditors, WIP, overheads; what are the obstacles to optimising working capital?  Change management approach.
• What are the behavioural issues concerning optimising working capital?: skills required to understand the pipeline; perception vs deception; impact on stakeholders/analysts/the market makers.
• An approach to optimising working capital: major worksteps: analysing and improving the working capital pipeline; reducing business process costs; product, service, customer net margin analysis; timescales and project resources.
• Future risks to working capital: CSR: the impact of new types of stakeholders; green threats and opportunities; security: growing threats to business.
• Reporting of Working Capital measures, directors responsibilities to creditors, stakeholders
• Audit Practices Board recommendations, breaching of covenants.

FEE: £580 + VAT

For further details:

• Email info@pass.co.uk

• Telephone: 020 7843 1281

• Fax: 01752 725725

To book on this course please complete the form below, and an invoice will be sent to you for payment.

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Terms:
A full refund (less 20% administration charge) will be made for cancellations received in writing or by email not less than 15 days prior to the course. Cancellations after this time are charged at the full fee or Block Places treated as utilised.

Please click here for full terms and conditions.