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Training course overview
"Turnover (sales) may be vanity, profit may be sanity, but cash is reality—cash is king! Effective cash management is essential for any company, as poor handling can lead to increased costs, reduced profits, and heightened risk from bad debts and fraud. This online training course equips delegates with the skills needed to manage cash and bank balances efficiently, ensuring they maintain only necessary working capital, invest safely, and handle international payments effectively. By mastering these essential cash management techniques, participants will learn to reconcile bank balances and tackle cash-related challenges, ultimately reducing costs, boosting profits, and minimizing risk."
What are the goals?
By attending this Coventry Academy online training course delegates will be able to make a substantial, positive impact on Bank Reconciliation and Cash Management best practices within their organization, more specifically:
- Prepare and Use Bank Reconciliation Statements
- Prepare Cash Statements and Forecast Cash Flow Forecasts / Budgets
- Manage the Bank & Cash Balances Effectively
- Recommend Appropriate Action in Line with Leading Practice
- Implement Controls to Reduce Risk and Fraud
Who is this training course for?
This Coventry Academy online training course is suitable for a wide range of professionals who are involved in any aspect of Bank Reconciliation & Cash Management and who want to understand, implement and improve the latest Cash Management concepts, processes and ideas. For example:
- Those Preparing and Controlling Bank Reconciliation
- Staff Preparing and Controlling Cash Statements or Budgets
- Staff Managing Payments
- Staff Engaged in the Budget Process
- Those Who Prepare or Act Upon Budgets
Course Outline
Day One: Bank Reconciliation
- What is a Bank Reconciliation Statement?
- The Importance of Bank Reconciliation
- Undertaking a Bank Reconciliation
- Report & Correcting Differences
- Avoiding Future Differences
- Controlling Bank Records & Balances
Day Two: Cash Flow – Past & Future
- The Importance of Cash & Liquidity – Cash is King
- Cash Flow Statements – Evaluating the PAST Cash Flow
- Cash Forecast & Budgets – Forecasting and evaluating the FUTURE Cash Flow
- Variance Analysis
- The Cash Flow Cycle & Operational Efficiency
- Working Capital – The ideal ratio
Day Three: Cash Management
- An Overview of Cash Management
- The Optimal Cash Balance
- Sources of Short Term Finance
- Short Term Investment Opportunities
- Minimising Interest Cost & Maximizing Interest Earned
- Minimising Bank & Cash Balances
Day Four: Petty Cash Management
- What is Petty Cash?
- Forecasting Cash Needs
- Minimising Cash Holding
- Recording Cash Transactions
- Balancing the Cash Balance
- Dealing with Foreign Currencies & Exchange Rate Risk
Day Five: Advanced Bank & Cash Management
- Managing Accounts Receivable & Payable
- Methods of Raising Short-term & Long-term finance
- Minimising the Cost of Finance
- Bank Finance
- Factoring & Invoice Discounting
- Derivatives
The certificate
- A Coventry Academy e-Certificate for delegates who attend and complete the online training course
Related Courses
Effective Budgeting & Operational Cost Control
05-09 May 2025
Online ($3,950)