What you'll learn:
- Define the concept of current assets and their significance in corporate finance.
- Analyze the different classes of current assets, including cash, accounts receivable, inventory, and marketable securities.
- Evaluate the balance between current assets and long-term assets to optimize liquidity and profitability.
- Apply cash management strategies to effectively monitor and enhance cash flow in a corporate setting.
- Implement efficient accounts receivable collection techniques to improve cash flow and reduce outstanding balances.
- Assess and optimize inventory turnover to minimize holding costs and mitigate risks of spoilage or obsolescence.
- Examine the concept and benefits of a just-in-time (JIT) inventory system in streamlining operations and minimizing inventory levels.
- Utilize Excel worksheets to solve practical problems related to current asset management and cash flow analysis.
- Analyze the impact of current asset management decisions on financial stability and profitability.
- Synthesize key principles and strategies to develop an effective current asset management plan aligned with organizational goals.
In this comprehensive course, we will delve into the essential principles and strategies of managing current assets from a corporate finance perspective. By understanding the intricacies of current asset management, you will learn how to strike the perfect balance between liquidity and profitability, ensuring the financial stability and success of your organization.
Throughout the course, we will tackle various current asset classes, including cash, accounts receivable, inventory, and marketable securities. By exploring real-world examples and engaging problem-solving exercises, you will gain practical insights into effective current asset management techniques. The course offers a combination of presentation-style examples and hands-on practice using Excel worksheets, allowing you to reinforce your learning through practical application.
One of the focal points of the course is cash management, which lies at the core of a sound current asset strategy. You will discover strategies to optimize cash flow, ensuring you have sufficient liquidity to meet your financial obligations in a timely manner. Moreover, we will explore the efficient collection of accounts receivable, utilizing techniques such as cash discounts to enhance cash flow while weighing the associated costs.
Achieving an optimal level of inventory turnover is another key objective. By reducing holding costs and minimizing the risk of spoilage or obsolescence, you can significantly enhance your organization's performance. Additionally, we will discuss the concept of a just-in-time (JIT) inventory system, which aims to minimize inventory levels while maintaining smooth production and delivery processes.
Join us on this transformative journey to master the art of current asset management and unleash the potential for enhanced liquidity and profitability. Enroll today to gain the skills and knowledge to effectively manage current assets, optimize cash flow, and make informed decisions in a corporate finance context.
