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Learn current asset management strategies from a Certified Public Accountant (CPA)

What you will learn

Be able to explain current asset management strategies and why they are important

Describe cash management strategies

Analyze accounts receivable management strategies

Apply inventory management strategies

Discuss marketable securities management

Explain just in time inventory and its pros and cons

Description

This course will discuss how to manage current assets from a corporate finance perspective.

It will include many example problems, some in presentation format, some using Excel worksheets. Each Excel problem will include a downloadable Excel workbook having at least two tabs, one with the answer, another with a preformatted worksheet you can populate along with the step-by-step instructional videos.

Current asset classes we will consider include cash, accounts receivable, inventory, and marketable securities.

Balancing the asset mix between current assets and long-term assets is critical and helps a company maintain a safe level of liquidity, while maximizing profitability.

Cash management is at the heart of a good current asset strategy, cash being part of every business cycle. Sufficient cash will be needed to pay out obligations as they become due.

Collecting on accounts receivable efficiently can help increase cash flow. Company may use strategies like cash discounts to increase accounts receivable turnover. When using cash discounts, a company needs to compare the benefit of increased cash flow to the cost of the discount.

Finding the ideal level of inventory turnover will also improve performance greatly. A reduction in the period of time inventory is held can reduce holding costs and lesson the chance of spoilage or obsolescence.

We will discuss the concept of a just in time inventory system.

English

Language

Content

Presentations – Management of Current Assets

705 Management of Current Assets Introduction

710 Management of Cash

715 Cash Management International

720 Marketable Securities

725 Accounts Receivable Management

730 Inventory Management

735 Just-In-Time Inventory


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Practice Probs – Management of Current Assets

711 Cash Management

713 Foreign Currency Cash Management

715 Accounts Receivable & Ave Collection Period

722 Economic Ordering Quantity (EOQ) Prob 1

726 Level vs Seasonal Production Decision

727 Customer Credit Policy Decision

731 Customer Credit Policy, Turnover Ratios, & ROI

732 Customer Payment Terms & Discount Policy

734 Customer Payment Terms & Discount Policy

Excel Probs – Management of Current Assets

711 Cash Management

713 Foreign Currency Cash Management

715 Accounts Receivable & Ave Collection Period

721 Accounts Receivable Aging

722 Economic Ordering Quantity (EOQ) Prob 1

724 Economic Ordering Quantity (EOQ) Prob 2

726 Level vs Seasonal Production Decision

727 Customer Credit Policy Decision

731 Customer Credit Policy, Turnover Ratios, & ROI

732 Customer Payment Terms & Discount Policy

734 Customer Payment Terms & Discount Policy