ONCE1131 - Cash is King
Course Description
Cash is arguably the most important factor in business success. D&B reports 90% of all small business failures are due to poor cash flow—more money gets paid out than collected. It is the non-financial manager who really makes a difference in the day-to-day cash activities. Discover how to maximize cash flow, learn the importance of cash and find out your role in cash flow success.Course Outline
Agenda
Unit 1
Cash Flow Strategies
Why cash is so important in business
What are the cash-critical stages in business
What internal sources of cash are possible
What potential external sources of cash there are
Unit 2
Reporting and Evaluating Cash Flow
Review of the Cash Flow Statement
Review of Projected Cash Flow Report
What the Cash Cycle communicates
What improvements can be made to shorten the cash cycle
Calculating cash cycle
Unit 3
Projecting Cash Needs
How much cash the business needs
When cash injections are needed
Which cash needs will internal sources be able to cover
Which cash needs must be met through external sources
Making comparisons with other businesses in the same industry
Unit 4
Funding Requests
What debt sources of cash are possible
What are the potential equity sources of cash
What requirements different funding sources have
Making a pitch to investors
Approaching potential lenders for financing
Learner Outcomes
Course outcomes
At the end of this course, you will:
- Understand your company’s cash activities and your own role in improving cash flow.
- Be able to reveal cash needs based on a three year estimate of cash sources and uses.
- Know how to consider cash management ideas to improve cash flow through improved business activities.
- Be able to consider potential external cash sources and ways to approach them for funding.
Course objectives
- To clearly communicate the importance of cash in business.
- To identify a business’s cash-critical stage.
- To provide a review of possible internal and external sources of cash.
- To show participants how to read a cash flow statement and cash flow report
- To provide participants with the knowledge to use the cash cycle to identify potential improvements.
- To provide information so participants can estimate the amount of cash needed and appropriate timing for three years.
- To provide the knowledge needed to approach potential funding sources.
Notes
Instructor: Jodie Trana, has had a career in business consulting and financial management. She then started a consulting and training organization offering educational consulting services to organizations such as the Kauffman Foundation, the largest foundation devoted to entrepreneurship. Jodie contributed the financial chapters for Kauffman’s textbooks and managed the curriculum design and facilitation process for their entrepreneurship educational programs. Her content specialties include accounting, financial analysis, business planning, cash flow analysis, and funding request analysis. Her background includes business and financial management in consulting, construction, non-profit, healthcare, and retail industries.
This Self-Paced ONLINE course is offered in partnership with LERN/UGotClass, and can be taken as part of the "ACCOUNTING AND FINANCE FOR NON FINANCIAL MANAGERS" Certificate.
Applies Towards the Following Certificates
- Certificate in Accounting and Finance for Non-Financial Managers : Accounting and Finance for Non-Financial Managers