Cash management

Overview

Accountants play a crucial role in monitoring data and optimising cash flow, which can make the difference between an entity’s success and failure. Successful businesses recognise that ‘cash is king’. They understand where their cash is coming from, where it’s going, and most importantly the timing of transactions.

This course delves into the delicate balancing act of cash management, emphasising the benefits of controlling cash flows. It covers strategies for monitoring liquidity, detecting fraudulent transactions, and fostering a culture that focuses on cash.

It highlights the accountant’s position as a trusted advisor and guardian of integrity within cash management.

This course will enable you to:

• recognise the importance of cash management in business
• explain the role of cash flow in liquidity management
• outline effective strategies for cash and liquidity management
• examine international trading risks and how traditional payment systems are being challenged by Fintechs
• explore the cash flow risks involved in currency exchange rates
• understand the importance of an effective credit policy
• raise awareness of how automation and accounting can prevent company fraud.

Key information

• learn at your own pace
• help meet your annual CPD requirements
• develop your own learning needs
• iPad/Android compatible
• exclusive member benefit – 10% discount.

Helping accountants grow

Disclaimer: This course is available for ACCA members, you may need your ACCA membership number to complete your booking. This course and outline is provided by a third-party course provider. All course bookings are subject to the terms and conditions set by the course provider. Please see individual supplier pages for full terms and conditions. ACCA takes no liability for bookings made with third-party suppliers.