Turnover (Sales) is vanity, Profit is sanity but Cash is reality! Cash is King!
Poor cash management, bad debts, fraud and poor investment can increase costs, reduce profits and increase risk. It is vital for a company to effectively and efficiently manage their cash and bank balances, keeping cash and bank balances to a working minimum, invest safely and profitable and operate international payments efficiently. This training course will provide delegates with the essential skills to effectively reconcile bank balances and manage all cash and banking issues to reduce costs, increase profit and reduce risk.
Training Course Objectives
By attending this COPEX training course delegates will be able to make a substantial, positive impact on Bank Reconciliation and Cash Management best practices within their organization, more specifically:
Prepare and Use Bank Reconciliation Statements
Prepare Cash Statements and Forecast Cash Flow Forecasts / Budgets
Manage the Bank & Cash Balances Effectively
Recommend Appropriate Action in Line with Leading Practice
Implement Controls to Reduce Risk and Fraud
Designed For
This COPEX training course is suitable for a wide range of professionals who are involved in any aspect of Bank Reconciliation & Cash Management and who want to understand, implement and improve the latest Cash Management concepts, processes and ideas. For example:
Those Preparing and Controlling Bank Reconciliation
Staff Preparing and Controlling Cash Statements or Budgets
Staff Managing Payments
Staff Engaged in the Budget Process
Those Who Prepare or Act Upon Budgets
Learning Methods
To enhance learning we utilize proven adult learning technology and methods that will result in maximum retention and application. This includes formal lectures, case studies and interactive worked examples. Participants will be actively engaged, individually and as part of a group, in the case studies relevant to their workplace. They will also be given a detailed set of handouts and examples in both hard and soft copy enabling them to review the topics covered at a later date to reinforce their knowledge and skills.
Training Course Outline
Amongst a wide range of valuable topics, the following will be prioritised:
Cash and Liquidity Are King – Why ?
Preparing a Bank Reconciliation Statements
Correcting Differences and Avoiding Future Differences
Controlling Petty Cash, Bank Records & Balances
Cash Flow Statements & Cash Forecasts – Preparing & Evaluating the PAST & FUTURE Cash Flow
The Cash Flow Cycle & Operational Efficiency
Working Capital Management
Managing Accounts Receivable & Payable
Sources of Short Term Finance
Investment Opportunities
The Certificate
COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
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Bank Reconciliation and Petty Cash Management Reconciling the Bank and Managing Cash to Ensure Liquidity and Profitability
Upcoming Dates
05 - 09 Jul 2021 in London - UK,$5,950
05 - 09 Dec 2021 in Dubai - UAE,$5,950
27 - 31 Mar 2022 in Dubai - UAE,$5,950
Training Course Overview
Turnover (Sales) is vanity, Profit is sanity but Cash is reality! Cash is King!
Poor cash management, bad debts, fraud and poor investment can increase costs, reduce profits and increase risk. It is vital for a company to effectively and efficiently manage their cash and bank balances, keeping cash and bank balances to a working minimum, invest safely and profitable and operate international payments efficiently. This training course will provide delegates with the essential skills to effectively reconcile bank balances and manage all cash and banking issues to reduce costs, increase profit and reduce risk.
Training Course Objectives
By attending this COPEX training course delegates will be able to make a substantial, positive impact on Bank Reconciliation and Cash Management best practices within their organization, more specifically:
Prepare and Use Bank Reconciliation Statements
Prepare Cash Statements and Forecast Cash Flow Forecasts / Budgets
Manage the Bank & Cash Balances Effectively
Recommend Appropriate Action in Line with Leading Practice
Implement Controls to Reduce Risk and Fraud
Designed For
This COPEX training course is suitable for a wide range of professionals who are involved in any aspect of Bank Reconciliation & Cash Management and who want to understand, implement and improve the latest Cash Management concepts, processes and ideas. For example:
Those Preparing and Controlling Bank Reconciliation
Staff Preparing and Controlling Cash Statements or Budgets
Staff Managing Payments
Staff Engaged in the Budget Process
Those Who Prepare or Act Upon Budgets
Learning Methods
To enhance learning we utilize proven adult learning technology and methods that will result in maximum retention and application. This includes formal lectures, case studies and interactive worked examples. Participants will be actively engaged, individually and as part of a group, in the case studies relevant to their workplace. They will also be given a detailed set of handouts and examples in both hard and soft copy enabling them to review the topics covered at a later date to reinforce their knowledge and skills.
Training Course Outline
Amongst a wide range of valuable topics, the following will be prioritised:
Cash and Liquidity Are King – Why ?
Preparing a Bank Reconciliation Statements
Correcting Differences and Avoiding Future Differences
Controlling Petty Cash, Bank Records & Balances
Cash Flow Statements & Cash Forecasts – Preparing & Evaluating the PAST & FUTURE Cash Flow
The Cash Flow Cycle & Operational Efficiency
Working Capital Management
Managing Accounts Receivable & Payable
Sources of Short Term Finance
Investment Opportunities
The Course Content
The Certificate
COPEX Certificate of Attendance will be provided to delegates who attend and complete the course