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OnDemand Course

Cash is King: Effective Cash Flow Management

Understanding and managing the cash flow in your business is critical to your success.

Learn how to improve cash flow management, even in a weak economy. A balance sheet is often described as a snapshot of your financial situation at a single point in time (think of it as the balance in your personal checking account). An income statement summarizes revenue, expenses and net income for the entire year or other period of time. Both of these financial statements are important tools to measure the success of your business but do little to tell you where the cash actually went. Understanding and managing the cash flow in your business is critical to your success. You will learn more about how cash truly moves through your business, how to prepare a cash flow budget and identify ways to put your working capital to work.

Learning Objectives

  • You will be able to Identitfy ways to manage cash flow.
  • You will be able to Identify which items impact the statement of cash flow.
  • You will be able to Recognize the sections of a statement of cash flows.
  • You will be able to Recognize what a statement of cash flow is and why it is useful.

Runtime: 100 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • Net Income and Tax Income, and Cash Flow
  • Tools to Manage Cash Flow

Cash Flow Financial Statement - What Is It?

  • Compare Income Financial Statements to Operating Cash Flow
  • Investing Cash Flows
  • Financing Cash Flows

Cash Flow Budget - How to Prepare

  • Gathering Historical Data
  • Key Indicator Ratios
  • Case Study - Applying Concepts

How to Use Cash Flow Budget for Improved Results

  • What Are Valid Assumptions?
  • How Can You Improve Working Capital?
  • Use Fixed Assets as a Profit Center
  • Keys to Increasing Shareholder Value
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on May 18, 2018.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.5 including Finance 2.5
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Finance for 2.5 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Theran J. Welsh, CPA

Theran J. Welsh, CPA

SVA Certified Public Accountants

  • Principal with SVA Certified Public Accountants, and leads the Construction Services Group
  • Certified public accountant advising construction clients to help them better understand their cost structure, with a specific focus on improving profitability
  • Assists clients in developing cash flow projections, analyzing overhead recovery methods, recommending tax structure, identifying areas of tax exposure, and determining specific opportunities for tax savings
  • Past president of the associate members of Associated General Contractors (AGC) of Wisconsin and a frequent writer on industry issues for local and national industry publications
  • Graduate, University of Wisconsin-Madison
  • Can be contacted at 608-826-2039 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 404213
Published 2018
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