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

About the course

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.

The 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.