Course

CFO Series: Cash Management - Virtual Only

View All Professional Development

Event Details

Wednesday, November 17, 2021

8:00am – 4:00pm
(Registration: 7:30am)

Location

Facility Pending

Webcast Only

Field of Study

  • Accounting
  • Business Management & Organization

CPE Credit

8 hours CPE credit

Course Code

CFOS420-50

Instructor

Don Minges

Level of Knowledge

Intermediate

Vendor

The Knowledge Institute

Prerequisites

Management experience.

Description

All materials will be electronic only

The CFO Series provides a convenient, one-stop way for senior level financial managers and executives, CFOs and those who aspire to be CFOs, to choose multiple days of CPE with a single decision. Each day consists of an expert, leading discussions about four different topics. The CFO Series features high-quality presentations and an interactive, executive level colleague-to-colleague approach with case studies, group discussions, and team exercises. 

Each topic and each day stand on their own. If you are not sure about making a multi-day commitment, sign up for just a single day.  We think you will come back for more!

Objectives:

  • Learn to manage AR and AP more effectively
  • Find better methods to manage cash.  
  • Consider new cash forecasting techniques
  • Make Meetings Fun & Productive

The 4 Topics Discussed:

A/R & A/P: Effective Management Techniques
Our responsibility to safeguard our organization’s assets has not changed in the 21st Century, but our tools have. New tools now allow us to more efficiently and effectively manage and control all the aspects of accounts receivable and payables. This session will help you save time on routine tasks. We can use the time saved to become better business partners. This session will discuss how we can leverage our accounts receivable and accounts payable skills to add value and help our organization succeed.

  •  Leverage technology to manage A/R and A/P
  • Structure A/R to provide your organization a strategic advantage
  • Ten ways to collect your money
  • Make A/P a tool to enhance our Supply Chain’s potential
  • Use benchmarking metrics to manage and track the effectiveness of AR and AP in cash management

Cash Management Techniques
Cash is “King”, but it does not manage itself. This session will explore short-term, mid-term, and long-term cash management techniques and attempt to answer these issues:

  • How can we shorten the cash conversion cycle? 
  • How can we use technology to improve receipts?
  • How working with vendors and customers can help cash management efforts.
  • How working capital loans depend on our collateral and overall debt capacity.
  • How banks and other lenders fit into our long-term cash and capital needs.

Cash Forecasting, Reporting & Metrics
Some organizations manage their cash in a reactive fashion, responding to cash requirements as they happen. This helter-skelter approach can be inefficient, chaotic, and extremely dangerous. Proper cash management requires planning and forecasting.  This session explores the methods and models to help you understand which ones would work best for your organization. Additionally, this session will identify common cash metrics we should consider sharing with key stakeholders. 

Better Meetings: Make Meetings Fun & Productive
Most meetings are a snooze-fest; they waste time and prevent you from getting work done. Why do some businesses have productive meetings and others do not? Do we really need to have a meeting? What are the alternatives? This session discusses many proven tactics to make your meetings highly productive. The techniques can help you and your organization, whether you are in the C-suite or starting your career. Learn how to lead meetings that are productive and fun. Your whole department could use this course!

Cases and Group Discussion
The CFO Series provides extensive case study analysis and many opportunities for group discussion.

Designed For

This series is for people who are, or aspire to be, chief financial officers.  We target the discussions to people in medium-sized organizations.

View All Professional Development