National Institute of Technology

Conducting Internal Financial Investigations

ACCOUNTING & FINANCIAL MANAGEMENT PROGRAMS 4

CONDUCTING INTERNAL FINANCIAL INVESTIGATIONS


Duration3 Days
  
Course Style & AssessmentsHighly Participative with 70% practical application and 30% theory coverage and Participants’ Practical tasks assessed through Presentations
  
  BenefitsPractical skills and knowledge, stimulating, meals and refreshments, presentations, materials, certificate of attendance and Free two-months support service.

SPECIAL SERVICES FOR OUR INTERNATIONAL DELEGATES

In addition to the above listed benefits, the NIT Corporate Training and Events Management team will provide the following to our international delegates:

  • Facilitation for entry Visas where required
  • Transport from and to the International Airport on arrival and when going back
  • Accommodation reservations
  • Transport for shopping where needed
  • Transport, accommodation and meals to tour one of our Namibia’s beautiful Destinations (Coastal Towns -Swakopmund and Walvis Bay OR Etosha National Park
  • A Notepad/Tablet.

CONDUCTING INTERNAL FINANCIAL INVESTIGATIONS


Introduction

In an environment where ‘Cash is King’ this course will teach you how to manage your working capital and maximise the use of cash within your organisation. Working capital optimisation and management is the art, and increasingly the science, of organising a company’s short term resources to sustain ongoing activities, mobilise funds and optimise liquidity. This 3-day course will provide and in-depth analysis of an organisation’s working capital accounts throughout each phase of the business operating cycle and looks at how to manage them for maximum efficiency.

National Institute of Technology (NIT) training programmes have been developed by the industry experts to suit the needs of the industry and are aligned with the fundamental National Developmental Plans Goals of Namibia and those of all other SADC member countries thus effectively contributing towards the national and SADC regional economical, industrial and prosperity developments. Our course programs and delivery styles are very stimulating with practical based contents. They provide modern hands-on relevant skills and knowledge that empower all participants at all levels of every organization to practically apply the gained skills and knowledge in their respective duties without difficulties hence being productive, respected and valued by every employer and colleagues. Participants are assessed through group and/or individual tasks which involve presentations.

NIT provides 2 months Free Support service to all the participants to support them in implementing or using the skills and knowledge gained from any of our course programs.

CONDUCTING INTERNAL FINANCIAL INVESTIGATIONS


Objectives

The course is aimed at finance professionals who have an impact of the working capital of a company or organisation, including corporate treasurers, accountants and purchasing specialists. It deals with both basic principles and wider practical strategies for businesses to employ. Some of the areas the course will cover include:

  • Update on latest developments, tools and techniques to permanently improve your business’s cash position and improve working capital
  • What drives cash flow and opportunities for improvement?
  • Discover relationship between cash flow and profit and risk
  • Customer Payments – International issues and solutions
  • Lean principles applied to accounts receivable
  • Develop meaningful KPI’s that measure the effectiveness of your working capital and cash management strategy
  • Gaining more credit from suppliers
  • Identifying and managing vendor risks
  • Plan and forecast working capital with greater effectiveness and accuracy

CONDUCTING INTERNAL FINANCIAL INVESTIGATIONS


Who Should Attend

  • Accountants with reporting and/or recording responsibilities for working capital accounts
  • Business managers with responsibilities for managing the cash operating cycle
  • Finance professionals in the treasury function of their organisations
  • Business owners wanting to analyse the cash operating cycle of their companies

CONDUCTING INTERNAL FINANCIAL INVESTIGATIONS


1.0 Working Capital Policy

  • Importance of Working Capital
  • Operating Cycle Analysis
  • The cash conversion cycle

2.0 Levels of Working Capital Investment

  • Profitability versus risk

3.0 Use of short term and long term debt

  • Profitability versus risk
  • Fluctuating current assets
  • Permanent long term assets

4.0 Short term credit

  • Cost of short term funds

5.0 Trade credit

  • Cost of trade credit
  • Stretching Accounts Payable
  • Accrued expenses and deferred income

6.0 Loans

  • Single loans
  • Line of Credit
  • Revolving credit agreement

7.0 Accounts Receivable Loans

  • Pledging accounts receivable
  • Factoring accounts receivable
  • Warehouse financing arrangements

8.0 Managing Accounts Receivable

Elements of receivables management – Monitoring the receivables cycle – Accounting for uncollectible accounts – Sales financing – Credit reporting – Asset based financing – Cases (2) on receivables management – Inventory and Working Capital – Elements of inventory management – Monitoring inventory turnover – Economic order quantity – Balancing inventory levels – Just in time – Managing your supply chain – Asset-based financing – Cases (2) on inventory management 9.0 Third Party Financing – Payable management – Payables monitoring – Cash conversion cycle revisited – Payables and payroll alternative

10.Putting it altogether

– Simulation: Working capital management – Debriefing the simulation 11.0 Managing working capital – Risk analysis – Risk management – Efficiency of working capital – Liquidity and working capital – Costing transactions that involve working capital – Cases (2) on managing working capital

METHODOLOGIES

Presentation, interactive discussion, individual exercises, case studies and group activities. Published corporate information and recent corporate development both local and overseas will be used to provide “real-life” examples.

Note: Each participant needs to bring calculator for this course. Participants may bring cash flow statements and annual reports of corporations to the workshop for discussion and analysis.

CONDUCTING INTERNAL FINANCIAL INVESTIGATIONS


How to Register for this Training

To register, please complete the attached registration form and e-mail or fax it back with proof of payment to: The Conference Organizing Committee; contact Person: Mr. Frederick Chizu Simpungwe at:

  1. E-mail:info@nit-edu.org
  2. Fax No.: +264 886559294 & Cell:+264 81 3294977

We also have Conference Sponsorship and Exhibition Opportunities. If your organization is interested to sponsor or exhibit at this important conference, please contact the office on info@nit-edu.org

Please find attached herewith a registration form with rates and the conference draft program. If you need any further information, please feel free to contact the undersigned.

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