This is an e-learning programme and also a module from the ISCA Professional Business Accountant (PBA) Programme.

 
Upon successful registration and payment, you will be notified via email within 10-15 mins on your enrolment confirmation with user instructions to access this programme.
 
Please complete all topics and sub-topics within the E-Learning courseware.
(The programme and assessment is valid for 6 months from the date of purchase.)

Programme Objective

This course is intended to refresh participants knowledge on how to manage a firm’s day-to-day cash and liquidity as well as identify and manage the financial risks it faces. It is centred around a case study where Branda, recently hired as a Financial Controller, was tasked to address certain concerns raised by her superior about the firm’s ability to maintain its solvency, and how she is able to apply the concepts covered in this module.

Learning Outcomes:
By the end of this module, you should be able to:

• Understand the importance of working capital and treasury management
• Evaluate the effectiveness of a firm’s working capital management
• Identify significant liquidity, credit and market risks faced by a firm
• Demonstrate the ability to prepare a cashflow forecast, select appropriate short-term financing options and understand the importance of hedging market risk

Formulate strategies to ensure a firm is able to meet its financial obligations and manage its financial risks

Programme Outline

Introduction

• Importance and goal of working capital and treasury management
• Components of working capital and its interaction
• Measuring effectiveness of working capital management
  • Operating and cash cycle
  • Liquidity ratios
• Benchmarking to peers in the industry

Liquidity management

• Monitoring short-term cash flows
• Forecasting cash requirements using a cashflow forecast
• Cashflow gap analysis
• Releasing trapped cash and pooling of cash
• Sources of short-term financing
  • Overdraft facility
  • Working capital loan / term loan
  • Hire purchase
  • Factoring
  • Trust receipt

Credit management

• Setting credit limits
• Deciding customer’s payment terms
• Monitoring accounts receivables
• Collection of past due receivables

Market risk management

• Identifying and evaluating market risk
  • Foreign exchange
  • Interest rate
• Tools available for managing market risk
  • Swaps
  • Options
  • Futures
  • Forwards

Training Methodology

E-Learning (24/7) with video and MCQ Assessment

No cancellation or change in programme enrolment once the enrolment is successful.

Click here for ISCA E-Learning User Guide.
 

Intended For

Business Managers, Accountants and Finance Executives who are involved in supporting the management of the company’s day-to-day working capital and financial risks. Other professionals who wish to acquire fundamental concepts of working capital and treasury management will also benefit from the course.

Competency Mapping

Others = 2.00 Hours

Programme Facilitator(s)