Management Accounting (Library of 7 courses)

  • ID: 2965984
  • Training
  • Region: Global
  • KESDEE Inc
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Financial decisions impact virtually every area of the business. The product ‘Management Accounting’ comprises of, an in-depth coverage of two crucial areas of every business i.e., Management of Current Assets & Management of Working Capital. It presents the principles and techniques of managing each element of current assets and their financing. Basic theories & important formulae have also been discussed in each course. As any theory can be best understood by its application, each course in this product exhibits step-by-step approach in solving problems by ‘do and learn’ policy. Thus the product explores the theory with relevance to the real-world business problems through analytical approach. These courses are intended to familiarize you with the basic concepts and to apply the same in practice at intermediate and advanced level.
Learning Objective

- Principles & practice of managing Cash
- Principles & practice of managing the float
- Principles & practice of managing debtors or receivables
- Evaluation of Credit Policy
- Principles & practice of managing inventory
- Determination of various levels of inventory
- Principles & practice of management of working capital
- Financing of Current Assets
- Determination of working capital requirements

Target Audience

Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from this innovative solution.

- Retail Organizations
- Trading & Merchandising Organizations
- Professional Course Students Community
- Supervisory Agencies
- Central Banks
- Financial Institutions
- Commercial Banks
- Investment Banks
- Housing Societies/Thrifts
- Mutual Funds
- Brokerage Houses
- Stock Exchanges
- Derivatives Exchanges
- Insurance Companies
- Multinational Corporations
- Accountancy Firms
- Consultancy Firms
- Law Firms
- Rating Agencies
- Multi-lateral Financial Institutions
- Others
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1. Management of Cash
This is a comprehensive guide for managing the most liquid asset 'Cash'. This helps the user understand:

- Components of Cash Management
- Preparation of Cash Budget
- Cash Conversion Cycle
- Float Management Techniques
- Cash Management Models
- Determination of optimum cash level

2. Management of Receivables
This course gives a comprehensive idea and serves as guide for managing the debtors or accounts receivables. This helps the user understand:

- Basic concepts of and need for receivables management
- Aspects of receivables management policy
- Evaluation of Credit Policy
- Age Analysis of Debtors
- Concept of Factoring

3. Management of Inventory
This course gives an analytical understanding on how to manage the inventories to ensure neither funds are blocked in this asset nor the firm falls short of inventories. This helps the user understand:

- Basics of inventory
- Costs associated with inventories
- Determination of various levels of inventory
- Time of ordering inventory
- Quantity to be ordered
- Analysis of Discount & Quantity to be ordered

4. Overview of Working Capital
The course gives a basic understanding of the concept of working capital. This helps the user understand:

- The concept of working capital
- Factors affecting working capital
- Characteristics of working capital of different businesses

5. Financing Working Capital-I
The course gives a basic understanding of the unsecured sources of short-term finance. This helps the user understand:

- Different types of unsecured sources of short-term finance
- Determination of cost of foregoing discounts
- Calculation of effective interest rates on bank loan

6. Financing Working Capital-II
The course gives a comprehensive understanding on secured sources of short-term finance. This helps the user understand:

- Different types of secured sources of short-term finance
- Financing of Accounts Receivables
- Factoring process
- Financing of Inventories
- Generic Financing Strategies

7. Estimation of Working Capital Requirements
This course gives an analytical understanding and is a comprehensive guide to determine the working capital requirements of a medium sized undertaking. This helps the user understand:

- Concept of Operating Cycle
- Concept of Cash Conversion Cycle
- Impact of cycle time on working capital requirements
- Approaches for estimation of working capital
- Methods of determining working capital
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