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