Overview
Financial decisions impact virtually every area of the business. The product ‘Management Accounting’ comprises of, an in-depth coverage of two crucial areas of every business i.e., Management of Current Assets & Management of Working Capital. It presents the principles and techniques of managing each element of current assets and their financing. Basic theories & important formulae have also been discussed in each course. As any theory can be best understood by its application, each course in this training exhibits step-by-step approach in solving problems by ‘do and learn’ policy. Thus the course explores the theory with relevance to the real-world business problems through analytical approach. These courses are intended to familiarize you with the basic concepts and to apply the same in practice at intermediate and advanced level.

After completing this course you will be conversant with:

• Principles & practice of managing Cash
• Principles & practice of managing the float
• Principles & practice of managing debtors or receivables
• Evaluation of Credit Policy
• Principles & practice of managing inventory
• Determination of various levels of inventory
• Principles & practice of management of working capital
• Financing of Current Assets
• Determination of working capital requirements

Target Audience
Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from this course.

• Retail Organizations
• Trading & Merchandising Organizations
• Professional Course Students Community
• Supervisory Agencies
• Central Banks
• Financial Institutions
• Commercial Banks
• Investment Banks

• Overview Financial decisions impact virtually every area of the business. The product ‘Management Accounting’ comprises of, an in-depth coverage of two crucial areas of every business i.e., Management of Current Assets & Management of Working Capital. It presents the principles and techniques of managing each element of current assets and their financing. Basic theories & important formulae have also been discussed in each course. As any theory can be best understood by its application, each course in this training exhibits step-by-step approach in solving problems by ‘do and learn’ policy. Thus the course explores the theory with relevance to the real-world business problems through analytical approach. These courses are intended to familiarize you with the basic concepts and to apply the same in practice at intermediate and advanced level. After completing this course you will be conversant with: Principles & practice of managing Cash Principles & practice of managing the float Principles & practice of managing debtors or receivables Evaluation of Credit Policy Principles & practice of managing inventory Determination of various levels of inventory Principles & practice of management of working capital Financing of Current Assets Determination of working capital requirements Target Audience Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from this course. ·  Retail Organizations ·  Trading & Merchandising Organizations ·  Professional Course Students Community ·  Supervisory Agencies ·  Central Banks ·  Financial Institutions ·  Commercial Banks ·  Investment Banks ·  Housing Societies/Thrifts ·  Mutual Funds ·  Brokerage Houses ·  Stock Exchanges ·  Derivatives Exchanges ·  Insurance Companies ·  Multinational Corporations ·  Accountancy Firms ·  Consultancy Firms ·  Law Firms ·  Rating Agencies ·  Multi-lateral Financial Institutions ·  Others

   

  Management of Current Assets 1. Management of Cash Components of Cash Management Preparation of Cash Budget Cash Conversion Cycle Float Management Techniques Cash Management Models Determination of optimum cash level 2. Management of Accounts Receivables Basic concepts of and need for receivables management Aspects of receivables management policy Evaluation of Credit Policy Age Analysis of Debtors Concept of Factoring 3. Management of Inventory Basics of inventory Costs associated with inventories Determination of various levels of inventory Time of ordering inventory Quantity to be ordered Analysis of Discount & Quantity to be ordered Management of Working Capital 4. Overview of Working Capital The concept of working capital Factors affecting working capital Characteristics of working capital of different businesses 5. Financing Working Capital-I Different types of unsecured sources of short-term finance Determination of cost of foregoing discounts Calculation of effective interest rates on bank loan 6. Financing Working Capital-II Different types of secured sources of short-term finance Financing of Accounts Receivables Factoring process Financing of Inventories Generic Financing Strategies 7. Estimation of Working Capital Requirements Concept of Operating Cycle Concept of Cash Conversion Cycle Impact of cycle time on working capital requirements Approaches for estimation of working capital Methods of determining working capital

   

  DURATION (3 Days)

  METHODOLOGY

   Lectures  Discussions  Pre- Course Assessments  Post-course Assessments  Games and educational competitions  Role Plays  Individual and group exercises  Case studies  Activities

  Course Fee; N180, 000