Cash Flow & Working Capital Management

Cash Flow & Working Capital Management


About the Course:  

This new and highly participative course covers the principles, techniques and skills involved in the effective management of cash flow and working capital in any business, blending a clear theoretical framework with extensive use of real-life examples and case studies.

In the past, many companies gave limited attention to the management of cash flow and working capital (in all its forms: stocks, inventories, spare parts, stores, debtors and creditors, each usually with several components). This was despite the fact that working capital often accounts for more than 1/3 of total capital employed.

In recent years there has been a growing recognition that, in the long run, effective management of cash flow is more important than profit. Long-term cash flow is the real value of a business. It has also been recognised that there is significant potential for improved financial performance from the more effective management of working capital – both directly from immediate cash gains and reduced net interest costs, and indirectly through its impact on increased profitability and return on capital employed.

A key challenge in achieving these performance improvements results from the fact that actual levels of working capital and delivery of cash flow are effectively determined by the day-to-day actions of a great many managers and staff, which in large corporations often run into tens of thousands.


  • Read and understand balance sheets and profit-and-loss statements
  • Understand the basic concepts of finance as it relates to their businesses
  • Be aware of the singular importance of cash as the life blood of a business
  • Focus on key management areas of inventory, accounts receivable and accounts payable
  • Understand how to control and manage the cash flow of a business
  • Forecast cash flows and draft a cash budget
  • Evaluate projects based on their expected cash flows
  • Incorporate risk into financial decision.


Who Should Attend

  • Members of the treasury departments of companies within the oil and gas, petrochemical, and other industries who have responsibilities for managing cash flow and working capital
  • Business professionals, strategic and business development planners, and project professionals who wish to refresh their understanding and enhance their skills in managing and improving cash flow and working capital performance
  • Personnel employed in the banking, insurance and the general financial services sector where the management of cash is of prime importance
  • Any operational, engineering, commercial, marketing, technical, or financial personnel whose work impacts on cash flow or working capital, and who wish to develop their expertise in these areas to support their current roles or for career development.



Accounting for Cash & Performance               

  • A Performance Management Model
  • The Financial Language
  • Accounting Basics from source documents to the General Ledger
  • Cash Flow and Working Capital
  • The 3 Key Financial Statements
  • Cash vs. Profit
  • Using financial statement to manage cash and working capital

Measuring and Improving Performance                                              

The Impact of Inflation on Financial Performance

  • Measuring Performance: Ratios and KPIs
  • Benchmarking of Performance
  • Ratios for cash and working capital management
  • Basics of working capital management
  • Credit Risk Management
  • Financial modelling for cash and working capital management
  • Spreadsheet modelling and tools and approaches

Optimisation of Working Capital

Optimisation not Minimization

  • Key Issues
  • Stock
  • Debtors
  • Creditors
  • Stores
  • Settlement Options
  • The Cost of Working Capital
  • Long term
  • Short term
  • Practical Examples

 Strategic Cash Management

  • Cash & Cost modelling
  • The Time Value of Money and Discounted Cash Flow (DCF)
  • Net Present Value (NPV) and Internal Rate of Return (IRR)
  • The Key Investment Indicators
  • Defining the Right Base Case, Sensitivity and Risk Analysis
  • Treatment of Working Capital
  • Valuing Companies and Acquisitions
  • The Drivers of Value
  • Delivering Project Value

 Final Session

  • Course Summary and Checklists
  • Cash Budgets & Capital Budgets reviewed
  • Financial Skills and Further Development
  • Open Forum
  • Course Review





A Certificate of Completion will be issued to those who attend & successfully complete the programme.


  08:30 – 10:15 First Session

 10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

 12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

 14:00 – 15:00 Lunch

Training Methodology:

This interactive training course includes the following training methodologies as a percentage of the total tuition hours:

  • 30% Lectures, Concepts, Role Play
  • 30% Workshops & Work Presentations, Techniques
  • 20% Based on Case Studies & Practical Exercises
  • 20% Videos, Software & General Discussions
  • Pre and Post Test


 The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: