One of the reasons businesses go under is because they run out of cash. Cash planning powers all business operations. It is therefore important to know where cash is generated and where it is going to get a clear picture of your company’s cash position at any point in time.

CCH Executive Events presents a workshop to help you understand the concepts of cash budgeting and cash flow management. Learn about simple investment appraisals and efficiency ratios to better manage collections, payments and inventory. Discover how to improve the flow of working capital within your company. This workshop also covers how to implement budgetary control more effectively so that you will be in a better position to recognise and handle potential cash shortfalls, thus keeping your business operations running smoothly.

Programme Outline

Reconciling profit and cash

- Cash flow versus profits

- How some companies have healthy profits but bad cash flow

Purpose of budgeting

- Budgeting as a control mechanism

Preparing a cash budget

- Exclusion of items that do not affect cash flow

- Planning and developing an annual budget

- Forecasting and projecting future activities

The benefits of budgetary control for the individual departments and for the company

Variance analysis as a tool for specific identification of achievements and shortcomings

Managing working capital and capital expenditure

- Debt recovery, receivables, payables, inventory turnover

Financial ratios and cash management

- Financial ratios that are relevant to cash flow management

- Liquidity, gearing/leverage and working capital

Investment appraisal techniques

- Factors that need to be considered in an investment appraisal

- Types of investment appraisal ; Payback Period, Accounting Rate of Return (ARR), Internal Rate of Return (IRR), Net Present Value (NPV) & Profitability Index

- Analysing relevant cost and benefits of an investment project

Understanding and interpreting cash flow statements

- Analysing business performance using cash flow statements

- Assessing the performance and financial position of an entity

Preparing cash flow statements

Benefits of Attending

At the end of the course, participants will be able

- to prepare their own company’s/department’s cash budgets

- to practice budgetary control in their own companies/departments

- to appreciate the difference between profitability and liquidity and the importance of cash flow

- to understand working capital management and investment appraisals

- to understand, interpret and prepare cash flow statements

Who Should Attend

This programme is specially tailored for non-financial managers and executives, and will be conducted using a practical approach to ensure easy understanding and a full appreciation of the various aspects of cash management.

For finance professionals, this course would serve as an update to their knowledge on this area.

Workshop Leader

YUNG CHUEN SENG has 35 years of working experience in auditing, financial accounting, treasury functions, administration, general management , lecturing and corporate training. He started his career in a big four audit firm as an articled student and graduated as an accountant. Thereafter, he assumed positions of Accountant, Finance and Administration Manager, General Manager and Executive Director in various business sectors, including financial, retailing, distribution, healthcare and multi-level marketing.

He is a member of the Malaysian Institute of Certified Public Accountants and Malaysian Institute of Accountants and is also a Certified Professional Trainer accredited by the International Professional Managers Association, UK. Among the programmes he has developed and trained on are on areas covering auditing, budgeting, practical accounting skills, finance for non-finance personnel, supervisory and management skills, teambuilding cum leadership workshops and communication skills.

He is an experienced and enthusiastic trainer and has trained for various accounting associations, training and event organisers, multi-national and local companies. He has also lectured on the subject of auditing for ACCA students for several established and renowned colleges on a part-time basis. Yung also sits on the board of a public listed company (A.C.E.) as independent non-executive director.