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- The Role of Cash Management is the successful management of a business— Nothing is more critical than cash and the ability of the enterprises to meet its obligations as they become due
o Cash is King or Queen depending on one’s gender
preference.
o Computing Cash position and maintaining enough
cash on hand to meet obligations.
- Planning & Budgeting— Planning comes before Budgeting. Planning is about subjective variables and assumptions. Budgeting is about objectives and quantified variables. Plan first then budget.
o Tools & Techniques for planning and budgeting.
o How to develop a plan and budget.
o The relationship of planning and budgeting to
Accounting.
- Internal Controls Processes & Procedures— Internal controls insure accuracy and confidence in the numbers.
o Why controls, processes & Procedures are important.
o Their role in maintaining the accuracy of the
accounting system.
o Sarbanes-Oxley governance requirements and their
impact on enterprises.
o Internal and external audit requirements and their role
in accuracy of financial statements.
- Key Business Indicators and Drivers — Traditional financial statements show results of past operations. Key Business Indicators (KBI) or Drivers provide critical benchmarks to guide future operations.
o Determining critical success elements to enterprise
operations.
o Developing Key Business Indicators from financial
statements.
o Using Key Business Indicators to communicate
financial information.
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