The Nuts and Bolts of Cash Management

Principles and practices of effective cash management. The basic principles and practices of cash and liquidity management and its importance to the business and treasury function.

ICAEW member page

IS THE NUTS AND BOLTS OF CASH MANAGEMENT COURSE RIGHT FOR YOU?

Yes, if you are:

  • new to the treasury function
  • someone who works with treasury
  • responsible for managing cash and liquidity

WHAT WILL YOU GAIN FROM THE NUTS AND BOLTS OF CASH MANAGEMENT COURSE?

A broad understanding of the basic principles and practices of cash and liquidity management and an understanding of its importance to the business and treasury function.

While different market sectors have different cash flow dynamics, there are common cash management issues that affect all organisations to some degree. To prepare you for these issues the course examines the basic building blocks of cash management from the domestic perspective. Then, through a series of case studies, it shows how these basic principles apply to the complexities of international cash management.

THE NUTS AND BOLTS OF CASH MANAGEMENT COURSE STRUCTURE

This course is split in six core areas that are all covered in just one day.

Treasury cash management – improving the basics

  • Float
  • Invoicing, payables and receivables management
  • Liquidity and the cash cycle

Payment instruments

  • Settlement and clearing systems (RTGS, NSS), domestic and international
  • Value dating, availability and finality

Cash management structures

  • Types of accounts
    • Currency accounts
    • Zero balance, lock box, disbursement
  • International account structures

Liquidity techniques

  • Notional pooling
  • Cash concentration
  • Cross-border notional pooling
  • Short-term borrowing and investing
  • Leading and lagging
  • Intercompany netting

Cash flow forecasting

  • Purpose, methods and problems

Instruments and financial mathematics

  • Day count conventions
  • Simple interest and compounding
  • Discounting
  • Spot and forward FX, swaps
WHAT YOU GET ON THE DAY
Join us for a truly inspiring training session. Training courses are delivered in a safe environment for you to ask questions and learn practical skills you can immediately apply back in the work place. You’ll meet like-minded people and hopefully make some great contacts too. And we’ll look after you from the word go, offering booking, travel or accommodation advice and a warm welcome on the day.
FRIENDLY

We’re committed to making you feel welcome, you only need to ask

CATERED

From great food to stationery we’ve got it covered

PRACTICAL

Useful handouts are supplied so you can refer back at any time

MEET YOUR TRAINER

Photo - ACT trainer: Anthony BirtsAnthony Birts, CertICM BSc MBA

Anthony is a Senior Teaching Fellow in Finance at the School of Management, University of Bath, lecturing on MBA, MSc and undergraduate programmes. He is also Director of Studies for the BSc Accounting and Finance degree. Before joining the University, Anthony was with Bank of America NT&SA. He started as an Account Officer in the Energy section and moved via International Treasury Services to end as a Vice President in the Payment Services area. He is Chief Examiner for the CertICM.

BUY YOUR CASH MANAGEMENT TRAINING COURSE

Dates and location:

16 October 2017

Fees:

ICAEW Faculty or SIG members: £750 + VAT

Other treasury/accountancy body members: £800 + VAT

Non-members: £850 + VAT

Discounts:

Early bird discounts - book six weeks before to save 15% on the course fee *

* see terms and conditions

Buy training course

The Nuts and Bolts course is a great first step into cash management. The course balances the needs of both the absolute beginners and those with experience of cash management; it covers all of the basics, whilst building in the kind of detail that really adds value in the corporate world.
Chris Duffy, Treasury Analyst, Standard Life