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  • Program
  • Participants / Prerequisite
  • Intra/Tailored
Program

Background on the company's Working Capital Requirements (WCR). Accounting notes in financing. Evaluating and managing inventories. Profiles, policies, and techniques for managing accounts payable and receivable. Analysis of connections between needs, operations, and investment.

Learning objectives

  • Learn the different types of Working Capital Requirements
  • Calculate and analyze your company's WCR
  • Evaluate inventories and service levels
  • Analyze accounts receivable and accounts payable
  • Master techniques and tools for optimizing your WCR
PROGRAM

Accounting refreshers

  • Definition: WCR, or Working Capital Requirements.
  • Accounting refreshers: Purchases and sales, inventories and service levels, balance sheet and profit/loss account, etc.
  • Corporate financing refreshers: Working capital, working capital requirements and cash needs, etc.
  • Reviewing different types of situation by sector: Different WCRs for different types of companies.
  • Significant figures and examples.
  • Case studyCalculating WCR in a small/medium construction firm.

WCR

  • Why is WCR an inherent "necessary evil"?
  • Why should it be kept to the minimum, from a financial viewpoint?
  • Operating WCR and total WCR. Reviewing specific accounts (tax and employee benefit payables). WCR standards.

Hands-on work
Case study Detailed review of three types of accounts.

Inventories (materials, goods, finished products)

  • Inventory evaluation method.
  • What is a service level?
  • How is it calculated?

Accounts receivable

  • Customer profiles.
  • Trade practices.
  • Customers' powers.
  • Payment terms and methods. LME Law of 2008 (France). The problem with bad payers.
  • Provisions.

Accounts payable

  • Subcontracting and procurement policy.
  • Supplier profiles.
  • Suppliers' practices and powers.
  • Payment terms and methods.

Management techniques and tools

  • Inventory management: Elements of production and logistics policy.
  • Managing accounts receivable: Factoring, Dailly Law (France), financing, administrative expenses, commercial impact.
  • Managing accounts payable: Negotiating payment terms and methods, reverse factoring.

Hands-on work
How to reduce the first two and increase the third over three accounting years.

Purpose

  • Reasons to increase WCR.
  • Sources of funding for such increases.
  • Increasing business in general.
  • Investments

Hands-on work
Examples with figures in different sectors of business.

Participants / Prerequisite

» Participants

Management, CFOs, accounting, financial departments, operational management.

» Prerequisite

Know the fundamentals of the practice of cash flow management or knowledge equivalent to course SOR.
Intra/Tailored
Standard Program     Tailored Program
Yes / No

Contact Informations

Sessions

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Time schedule

Generally, courses take place from 9:00 to 12:30 and from 14:00 to 17:30.
However, on the first day attendees are welcomed from 8:45, and there is a presentation of the session between 9:15 and 9:30.
The course itself begins at 9:30. For the 4- or 5-day hands-on courses, the sessions finish at 15:30 on the last day