A highly interactive training course on

Bank Reconciliation and Petty Cash Management

Reconciling the Bank and Managing Cash to Ensure Liquidity and Profitability
Bank Reconciliation and Petty Cash Management

Course Schedules

 03-07 Jun 2024
 14-18 Oct 2024

Training course overview

Turnover (Sales) is vanity, Profit is sanity but Cash is reality! Cash is King!

Poor cash management, bad debts, fraud and poor investment can increase costs, reduce profits and increase risk. It is vital for a company to effectively and efficiently manage their cash and bank balances, keeping cash and bank balances to a working minimum, invest safely and profitable and operate international payments efficiently. This online training course will provide delegates with the essential skills to effectively reconcile bank balances and manage all cash and banking issues to reduce costs, increase profit and reduce 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

*Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Coventry Academy
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