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Foundations of Working Capital Management

Offered By: LinkedIn Learning

Tags

Inventory Management Courses Financial Forecasting Courses Accounts Receivables Courses Economic Order Quantity Courses Working Capital Management Courses Cash Management Courses Accounts Payable Courses

Course Description

Overview

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Learn how to account for, balance, and leverage working capital more effectively for your business.

Syllabus

Introduction
  • Working capital management
1. The Operating Cycle
  • Merchandising business
  • Manufacturing business
  • Service business
2. Cash Management
  • The budgeting behind cash management
  • Sales and cash collection forecast
  • Expense and cash payment forecast
  • Identifying and solving cash problems in advance
3. Managing Receivables
  • Why do companies sell on credit?
  • Credit sales bookkeeping, bad debts, and financing costs
  • Case study: Should you sell on credit?
  • Average collection period
4. Managing Inventory
  • Why do companies have any inventory?
  • Just-in-time inventory (JIT)
  • Economic order quantity (EOQ) and safety stock
  • Number of days of sales in inventory
5. Managing Accounts Payable
  • Case study: Walmart's supplier credit
  • The savings from using supplier credit
  • The cost of using supplier credit
  • Number of days of purchases in accounts payable
6. Computing the Length of the Operating Cycle
  • Case study: Nike, Walmart, and McDonald’s
  • Evaluate trends in the length of a company’s operating cycle
  • The need for outside financing of working capital
  • Obtaining short-term bank financing
Conclusion
  • The importance of internal controls

Taught by

Jim Stice and Earl Stice

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