Rating 0 out of 5 (0 ratings in Udemy)
What you'll learn- Define what is involved in working capital management.
- Identify methods of collection and concentration of funds.
- Discover how credit is managed.
- Recognize how receivables management works to augment working capital management.
DescriptionThis course offers an introduction to the management of working capital, beginning with collections, trade credit, and accounts receivable.
Financial managers in companies of all sizes need …
Rating 0 out of 5 (0 ratings in Udemy)
What you'll learn- Define what is involved in working capital management.
- Identify methods of collection and concentration of funds.
- Discover how credit is managed.
- Recognize how receivables management works to augment working capital management.
DescriptionThis course offers an introduction to the management of working capital, beginning with collections, trade credit, and accounts receivable.
Financial managers in companies of all sizes need effective strategies for these areas because a breakdown in any one of them can have harsh effects on the overall organization and the company’s liquidity position. Finance used to be segregated into separate functions that rarely coordinated with each other. In today’s global market environment, however, this restrictive view of short-term finance can be costly and even lethal.
In this course we look into the make-up of the three areas mentioned above and define the key factors that determine their growth (or lack thereof) as well as the fundamental approaches that have been successful for many companies. Given recent technology developments, each of these areas has been able to tap into the company’s operating technology to drive improved visibility and performance. These three areas can be used as the starting point to developing an overall working capital management strategy.
This course will help you understand and actively improve your company's cash flow and balance sheet through judicious working capital management.
