Effective Working Capital Management In A Downturn

Venue: Holiday Villa, Subang Jaya

Date: 17^th & 18^th Mar 2010

While managing the current assets and current liabilities is an indicator on how well you can perform your business, it is also a significant lever for creating value of your company. So, cash is king. Cash is the lifeblood of a business. Working capital management then refers to the management of short-term assets and short-term liabilities. By converting your current assets quickly into cash will enable you to timely pay off your current liabilities. In a good time, there is no problem of managing your working capital position, but in an economic downturn it is real challenging to quickly find cash from within. Otherwise, with eroding profits due to a decline in sales, the cash position of a company will be hampered. The will to survive and grow in a recession will be difficult. Now, it is significant that you must use the various accounting tools to manage your working capital efficiently. But it was found that not many people know these tools, and the applications of these tools were disappointingly poor, even in a country like USA. Thus, in a long run, effective management of working capital is more important than making profit

OBJECTIVES

-       Handle cash flows more efficiently

-       Develop successful strategies for short-term liquidity

-       Enhance the conversion of accounts receivable to cash

-       Find out how different purchasing approaches affect accounts payable and cash management

-       Acquire understanding of the fundamentals of effective management  and optimization of working capital

-       Measure and control the costs of your company’s working capital management

         -     Develop practical experience on how to manage and optimize working capital in real life situations

         -     Increase the personal financial skill levels

COURSE CONTENTS - Download detail from .PDF file

WHY YOU OUGHT TO ATTEND THIS COURSE?

After completing the course, you will be able to understand the importance of managing effectively your working capital to tide over in these turbulent times, as well as to apply the numerous accounting tools that are useful to prepare yourself in times of recovery

SPEAKER - Mr. Agee Lee

COURSE FEE

1 pax, Normal rate 

RM590/=

1 pax, Early Bird Rate, Full payment by 01/03/10  

RM530/=

2 or more paxs from same company, Full payment by 01/03/10 

RM490/=

Download Workshop Detail (.PDF)

Download Registration Form (.PDF)