An essential financial issue that is routinely overlooked is working capital. This mix of short-term assets and liabilities can absorb a remarkable amount of funding without management even realizing what is going on. Working Capital Management discusses how to reduce the adverse funding effects caused by working capital, including specific recommendations on how to manage cash, receivables, inventory, and payables. The course also addresses the operational characteristics that will allow a business to function with zero working capital and characteristics of different types of asset-based lending.
Working Capital Concepts. Cash and Investment Management. Receivables Management. Inventory Management. Payables Management. Asset-Based Lending. Insurance for the Home Business.
CPAs, auditors, consultants, and financial and managerial professionals.
Recognize the conditions that can lead to zero working capital. Identify the proper type of financing to be used for different working capital conditions. Note the sources of information used for the development of a cash forecast. Recognize the benefits of cash concentration and the types of available cash sweeps. State the characteristics of the different types of short-term investments.
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $167.00
Member Price $145.00