An Intensive 10-day Training Course
Managing the Cash Cycle
Accounts Receivable and Payable Best Practices
CLASSROOM DATES
INTRODUCTION
This 10-day Managing the Cash Cycle training course will provide a leading-edge forum for you to significantly improve your working capital management skills. You will gain a comprehensive range of very practical and highly effective tools and approaches that can be immediately implemented upon your return to work.
By attending this Managing the Cash Cycle training course, delegates will understand:
- The importance of credit to the company and the economy
- The “cost of credit” and its impact on company profitability
- Practical steps that reduce bad debt losses and “uncollectible” debtors
- How to use different tools and techniques to maximize cash collection effort
- How to effectively manage cash and working capital to reduce costs and improve cash flow
- How leading companies from across the globe are achieving best practice in Accounts Receivable
- The importance of the accounts payable function with regard to its links with the supply chain and cash flow
- The integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger
- How to effectively manage cash and working capital to reduce costs and improve cash flow
- The impact of risk and uncertainty on the business and its impact on accounts payable and cash flow
- How leading companies from across the globe are achieving best practice in Accounts Payable
MODULES
This EuroMaTech 10-day training course, comprises of two parts, as detailed below:
MODULE I - Accounts Receivable
MODULE II - Accounts Payable
Each module has been developed distinctly, such that it can be attended as an individual 5-day training course. However, for optimum training outcome, participants are encouraged to attend Module 1 and Module 2, as a complete 2-week training course.
TRAINING OBJECTIVES
- Work effectively with the fundamentals of accounts payable, accounts receivable, financial accounting and the supply chain
- Understand and apply the fundamentals of effective transactional management systems
- Review and comment on payment methods and cash management
- Understand the need to incorporate risk and uncertainty into transactional processing and cashflow management
- Identify best practice across all industries by examining case studies from across the globe
WHO SHOULD ATTEND?
This EuroMaTech training course provides a user-friendly environment to develop the knowledge and techniques related to both accounts receivable and accounts payable that are valuable for:
- Finance Executives
- Accountants
- Others who are working within Transactional Finance, Accounts Payable or Accounts Receivable process or who wish to develop a practical toolkit to complement their existing professional or technical skills
This 10-day Managing the Cash Cycle training course is also ideal for those wishing to develop their understanding of how Working Capital efficiencies can make a significant improvement to profitability or you may already be employed in any of these functions within the business.
TRAINING METHODOLOGY
The instructor engages all of the delegates, both in the presentation of the material and the training course sessions, so that everyone leaves with a working knowledge of the material and the ability to use them immediately.
TRAINING SUMMARY
Working capital management influences both a firm’s risks and its expected returns. After completing this EuroMaTech training course in Managing the Cash Cycle, you will be aware of the risk return trade-offs that are implied in financial forecasting, know the process of financial planning, the importance of managing cash inflows and outflows, how to finance short-term assets, and make the right decisions on financing and investment for your firm.
TRAINING OUTLINE
Module 1: Accounts Receivable
Day 1: Accounts Receivable & Working Capital Management
- Working Capital and Cash Management
- The Cash Flow Cycle
- Accounts Receivable & The ‘Order to Cash’ Process
- Terms of Trading & International Trade Terms
- Understanding “Risk” in “Credit”
- Understanding “The Cost of Credit
Day 2: Assessing Customer Creditworthiness
- Methods of Assessment
- Credit Rating
- Tools and Techniques of Financial Analysis: Common Size Analysis; Ratios; Trends;
- Cash Flow Analysis & Evaluation
- Financial Distress and the Altman’s Z Score-Type Analyses
- Post Credit Analysis
Day 3: Developing Effective Strategies to Maximise Cash Collection
- The Collection Process from Order to Cash
- Using Work Flow Management to Maximize Collector Performance
- Identifying Effective “Pre-Delinquency” Collection Campaigns
- Collection Strategies & Techniques
- Eliminating Barriers to Payment
- Appropriate Internal and External Escalation Steps
Day 4: Managing the Receivables Ledger
- Developing Effective Internal Relationships to Maximize Performance
- Setting Targets and Tracking Performance
- Managing Information
- Defining Meaningful KPI’s Across the Company
- Latest Developments in Accounts Receivable
Day 5: Post Delinquency Activities
- Defining “Post-Delinquency” Activities
- Recognizing Excuses and Delaying Tactics
- Building Relationships with Customers
- Negotiation Skills for Successful Collections
- Providing Solutions to Non-Payment
- Liquidation & Capital Restructure Agreements
Module 2: Accounts Payable
Day 6: Achieving World Class in the Accounts Payable Processes
- The Accounts Payable Process from Procurement to Financial Statement
- Identifying Risks in the Process
- Best Practice in Accounts Payable
- Invoive Handling, Avoiding Duplicate Payments and the Approval Processes
- The Function/Role of Accounts Payable
- Improve Efficiency
- Manage Risk
- Improve Cashflow & Investment
- Improve the Supply Chain
Day 7: Accounts Payable & Procurement
- The Procurement Process
- Master Vendor File Management
- Procurement Decisions dealing Quality, Price, Exchange Rates & International Payments
- Porters 5 Forces Model
- Negotiating Credit
- PIF v Trading Company Objectives
Day 8: Accounts Payable Issues
- Internal & External Fraud
- Taxation
- Travel & Entertainment
- Cash Advances and Employee Reimbursement
- Bank Reconciliation
Day 9: Maintaining Relationships & the Supply Chain
- Linking Procurement, Accounts Payable, Finance, Treasury & Accounts
- Internal Issues & Improving Relationships
- Managing Vendor Relationships & the Supply Chain
- The Suppliers View - Lessons from Accounts Receivable
- Moving from Supplier to Partner
Day 10: Accounts Payable, Cash Flow & Financial Accounting
- Accounting and financial information: Accounts Payable in context
- Cash Flow and Working Capital
- Managing Working Capital & the Cash Flow Cycle
- Liaising with Finance & Treasury to improve Cashflow & Investment
- Exchange Rate Management
CALL ME BACK
Do you wish for us to conduct this course at your premises?
Discover In-House Solutions
ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
