Operational finance: Managing Finance to Achieve Successful Operations

• Practical application of the latest tools and techniques
• Policies of Best Practice adopted by leading international companies
• How to manage every aspect of Operational Finance – Inventory, Accounts Receivable, Bank, Cash and Accounts Payable
• Investment and Finance opportunities aimed at increasing returns and minimizing costs
• The issues facing companies in the Oil Sector

Content:

Operational Finance – An Overview

• Finance & Financial Management
• Operational & Corporate Finance
• Financial Statements and the Operational Finance
• Cash Flow Statements – evaluating the PAST Cash Flow
• Working Capital, The Cash Flow Cycle & Operational Efficiency
• Cash Forecast & Budgets – evaluating the FUTURE Cash Flow

Bank & Cash Management

• The Optimal Cash Balance
• Sources of Short-Term Finance
• Short Term Investment Opportunities
• Financing Growth & Increased Turnover
• The Dangers of Overtrading
• Minimising Interest Cost & Maximizing Interest Earned

Inventory & Accounts Payable Management

• The Cost of Inventory
• The Optimum Inventory Level
• Negotiating Contracts & Delivery Terms
• International Methods of Payment & ICC Incoterms
• Just in Time Management
• Reducing Inventory Levels

Managing Accounts Receivables

• The Importance & Problems of Giving Credit
• Evaluating Credit & Counterparty Risk
• Debt Collection Policy
• Extending & Managing the Credit Period
• Offering Discounts – determining the best policy
• Protecting against Bad Debts & the Role of Credit Rating Agencies

Multinational & Treasury Cash Management

• The Role & Scope of Treasury Management
• Operation & Location of a Treasury Department – Cost or Profit Centre; Centralised or Decentralised
• Meeting Cash Calls and Short-Term Methods of Finance
• Netting & Cash Concentration Accounts
• Multi-national & Group Cash management
• Exchange Rate Risk Management

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.