Foundations of Working Capital Management
Offered By: LinkedIn Learning
Course Description
Overview
Learn how to account for, balance, and leverage working capital more effectively for your business.
Syllabus
Introduction
- Working capital management
- Merchandising business
- Manufacturing business
- Service business
- The budgeting behind cash management
- Sales and cash collection forecast
- Expense and cash payment forecast
- Identifying and solving cash problems in advance
- Why do companies sell on credit?
- Credit sales bookkeeping, bad debts, and financing costs
- Case study: Should you sell on credit?
- Average collection period
- 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
- 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
- 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
- The importance of internal controls
Taught by
Jim Stice and Earl Stice
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