Effective Cash Flow Management

Effective Cash Flow
Management During an
Economic Slowdown
May 20-21, 1998 w 9.00am - 5.00pm
Armada Hotel, Petaling Jaya, Malaysia

Led by Business Finance Specialist
David Ng
the author of
"Essentials of Financial Management"

Another World-Class Event brought to you by

Official Hotel

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Effective cash flow management is a crucial aspect of every business entity as it concerns the management of current assets and current liabilities. Since current assets are potential cash inflows, these groups of current assets has to be converted into cash flows as quickly as possible so as to ensure the liquidity of the firm. Moreover, looking at the present economic situation, it is important to equip yourself with the knowledge and ways to manage your company’s cash flow effectively.

The workshop will first focus on the overview of working capital management with an emphasis on working capital policy. The second part of the workshop will then concentrate on the management of the specific current assets, that is cash, debtors and inventories.

OBJECTIVES

Discuss the importance of proper working capital management
Identify the symptoms of weaknesses in working capital management
List the 3 approaches to working capital policy
Write the factors that influence the level of working capital
Apply the concept of cash management
Assess the trade-off in managing marketable securities
Implement an effective credit policy
Implement an effective inventory control system
Identify the various sources of short-term fund that are available to the firm

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Day One

OVERVIEW OF WORKING CAPITAL MANAGEMENT

The concept of working capital and its importance to the firm
Risk and return trade-off in working capital management
Identify the symptoms and the causes of overtrading

SELECTING THE RIGHT WORKING CAPITAL POLICY

Introducing the various types of working capital policy
Understanding the various factors affecting the choices of working capital policy
Identifying the choices of financing working capital

CASH MANAGEMENT STRATEGIES

The concept of working capital cycle and cash turnover
Importance of a monthly cash budget in forecasting cash flow
Strategies for effective cash management

SKILLS DEVELOPMENT SESSION

Group discussion
Group presentation
Presentation feedback and summary

Day Two

MANAGEMENT OF ACCOUNTS RECEIVABLE

Gathering credit information more efficiently
Credit risk analysis checklist and tool
Collection strategies and monitoring of receivables

MANAGEMENT OF INVENTORIES

Know the real cost of carrying inventories and its tradeoff
Inventory management using economic order quantity model
Qualitative control of inventories

SOURCES OF SHORT-TERM FUND

Factoring of receivable - advantages and disadvantages
Types of inventory financing
Other sources of short-term funds that are available to the firm

SKILLS DEVELOPMENT SESSION

Case study and group discussion
Group presentation
Presentation feedback and workshop summary

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Credit managers, entrepreneurs, accountants, financial controllers, inventory managers, and anyone who wants to have a structured learning exposure.

TEAM ATTENDANCE HIGHLY RECOMMENDED
This is to facilitate successful implementation of the knowledge acquired from the program. An incentive will be given for 3 or more persons from the same organization registering for the same program.

Certificate of Participation will be awarded.

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Seminar Details

Venue	Armada Hotel, Petaling Jaya, Malaysia
Dates	May 20 -21, 1998 w 9.00am - 5.00pm
Individual Seminar Fee	RM1,080 per person per day. Inclusive of seminar materials, lunches and refreshments for the duration of the seminar.
Group Discount	Only RM980 per person for 3 or more from the same organization.
Cancellation Policy	Cancellations are valid only in writing (either through fax or mail). Full refunds applicable if written notice is received at least 2 weeks before each program. A 25% cancellation fee will be levied for cancellations received less than 2 weeks before the program. No refunds after commencement of seminar. Substitutions are allowed.
SBL SCHEME HRD COUNCIL	RAYMA is an Approved Training Provider with HRDC whereby approved training programs can qualify for 75% rebate of the fee. Please apply through your HR Department at least 30 days in advance of the program.
THE RAYMA GUARANTEE	A full refund to you if we do not deliver what we promised. Just turn in your workbook to us at the end of the day!
REGISTRATION & ENQUIRIES	RAYMA Management Consultants (M'sia) Sdn Bhd 2B Jalan SS24/13, Taman Megah, 47301 Petaling Jaya Selangor Darul Ehsan, Malaysia Tel: +60 3 7044 666 Fax: +60 3 7044 484 E-mail: raymaseminar@po.jaring.my Contact: Wendy Song

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