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Cash is King: Effective Cash Flow Management

Understand how cash truly moves through your business, how to prepare a cash flow budget, and how to identify ways to improve your working capital.

A balance sheet is described as a snapshot of your financial statement at a single point in time. An income statement will summarize the revenue, expenses, and net income for a certain time period. These are valuable tools to measure the performance of your business but lack the detail to exactly understand what happened to all your cash during the same time. Understanding and managing the cash flow in your business is critical to your success. You will learn in this course how cash moves through your organization, how to prepare a valuable cash flow budget, and identify strategies to improve your working capital.

Learning Objectives

  • You will be able to differentiate between the sections of a Cash Flow Statement and what is included in each.
  • You will be able to differentiate between the various methods to prepare a Cash Flow Statement
  • You will be able to identify how to calculate the Cash Flow Statement
  • You will be able to differentiate between what is included in each sections of a Cash Flow Statement.

100 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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

Comparing Net Income, Tax Income, and Cash Flow

  • What Is Your Current State?
  • What Is a Cash Flow Statement?
  • Operating Cash Flows
  • Investing Cash Flows
  • Financing Cash Flows

What Is Behind the Cash Flow Budget?

  • Gathering Historical Data
  • Developing Reasonable Assumptions
  • Case Study - Applying the Concepts

Strategies to Improve Cash Flow

  • What Are Key Performance Indicators?
  • What Should Be Your Stress Test?
  • What Are Keys to Increasing Your Shareholder Value ?
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Why Lorman?

Over 35 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 February 3, 2022.

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

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE/NASBA - QAS Self Study 2.8 including Accounting 2.8
     
  • 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: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.8 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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This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 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

  • Partner with SVA Certified Public Accountants since 2005
  • Focus is on helping contractors create shareholder value by understanding their cost structure to bid and win profitable work and assure their tax structure is a model to support a sustainable organization
  • He spends time with contractors to identify options for revenue reporting to reduce tax liability and identify industry-specific tax strategies to reduce tax liability, with the end goal of creating shareholder value
  • His experience will help executives of construction companies identify the key performance measurements to pursue profitable work to sustain their organization
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Why Lorman?

Over 35 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!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

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

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Product ID: 409606
Published 2022
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