Advanced Professional Diploma in Working Capital Management

Introduction to Working Capital Management: An overview of working capital management principles, including the components of working capital, its importance in financial management, and the relationship between working capital and business performance.

Cash Management: Techniques and strategies for effectively managing cash flow, including cash forecasting, cash conversion cycle analysis, and cash budgeting. Focus on optimizing cash inflows and outflows to ensure adequate liquidity.

Inventory Management: Techniques for managing inventory levels, including inventory turnover analysis, just-in-time (JIT) inventory systems, and economic order quantity (EOQ) models. Emphasis on reducing inventory costs while maintaining optimal stock levels.

Accounts Receivable and Payable Management: Strategies for managing accounts receivable and payable to optimize cash flow and working capital. Topics include credit policies, collection procedures, payment terms negotiation, and supplier management.

Short-Term Financing: Examination of various sources of short-term financing, including trade credit, bank loans, lines of credit, and factoring. Evaluation of the costs, benefits, and risks associated with different financing options.

Working Capital Performance Metrics: Key performance indicators (KPIs) and metrics used to assess the efficiency and effectiveness of working capital management. Topics include working capital turnover, cash conversion cycle, and days sales outstanding (DSO).

Working Capital Planning and Forecasting: Techniques for developing working capital budgets and forecasts. Analysis of factors influencing working capital needs, including sales growth, seasonality, and industry trends.

Risk Management in Working Capital: Identification and mitigation of risks associated with working capital management, such as credit risk, liquidity risk, and interest rate risk. Strategies for managing and minimizing potential risks.

Working Capital Optimization Strategies: Advanced techniques for optimizing working capital, including supply chain management, vendor collaboration, and process improvement initiatives. Emphasis on enhancing efficiency and profitability through working capital optimization.

Case Studies and Practical Applications: Real-world case studies and practical exercises to apply working capital management concepts to different business scenarios. Analysis of successful working capital management practices in various industries.

Legal and Ethical Considerations: Examination of legal and ethical issues related to working capital management, including compliance with financial regulations, ethical conduct in financial decision-making, and corporate social responsibility.

Emerging Trends and Future Outlook: Exploration of emerging trends and developments in working capital management, such as technology advancements, sustainability considerations, and global economic factors. Discussion of the future challenges and opportunities in working capital management.