Learn skills and techniques for growing your organizations.
DESIGNED FOR
Financial professionals who are, or aspire to be, chief financial officers. The discussions are targeted at those in midsize organizations
BENEFITS
- Understand how to develop capital budgets in a growing company environment.
- Gain new ideas for managing your organizations working capital.
- Understand how to better prepare for an uncertain future and minimize risk.
- Understand how to perform your month-end closing faster, better and cheaper.
HIGHLIGHTS
Advanced capital budgeting for effective decisions
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Since we operate in a dynamic, ever-changing market, why do we typically use static capital budgeting models? Traditional, static models are not enough. An integrated capital budgeting approach will result in greater overall returns and stronger impact to the bottom line.
• Identify impacting working capital level
• Describe policies associated with working capital management
• Ten ways to collect your money
• Make AP a tool to enhance our Supply Chain’s potential
• Use benchmarking metrics to manage and track the effectiveness of AR and AP in cash management
Optimizing working capital management-
Cash is “King”, but it does not manage itself. This session will explore short-term, mid-term, and long-term cash management techniques and attempt to answer these issues:
• How can we shorten the cash conversion cycle?
• How can we use technology to improve receipts?
• How working with vendors and customers can help cash management efforts.
• How working capital loans depend on our collateral and overall debt capacity.
• How banks and other lenders fit into our long-term cash and capital needs.
Preparing for the unexpected: look at what has happened-
Recently we all have experienced dramatic changes in business, society, and life. Were we really prepared? Have you ever heard the phrase, “What you don’t know can’t hurt you”? Nassim Nicholas Taleb, in his book The Black Swan, postulates that it is exactly what we don’t know that can hurt us the most. The risks we need to be most concerned about are the risks we cannot identify or predict. Taleb calls these risks “Black Swans.” This session will discuss some historical black swan events, understanding the biases that we all have, how statistics and heat maps can lead us to incorrect conclusions, and, more importantly, discuss how financial professionals and their organizations can prepare for a future we cannot even envision.
Closing best practices: Shorten month-end processes-
Surveys show that the average North American company completes its monthly financial statement closing in six days. However, some companies can close their books in one day or less. You don’t have to sacrifice accuracy for speed. This session will show you how to close month-end faster, better, and cheaper.
COURSE LEVEL
Intermediate
PREREQUISITES
Management experience and corporate finance experience is helpful.
ADVANCE PREPARATION
Corporate finance experience is helpful.