[Prai] Managing Cash Flow For Business Recovery
Course Information
  • 11-Jan-2022
  • The Light Hotel, Prai
  • Winson Han
  • English
  • RM 790 RM 670
    Until 19 Dec 2021
  • 9:00am - 5:00pm

[01] INTRODUCTION

The presence of Cash flow or the lack of it of a company is an outcome of the day-to-day operations. Business strategies are usually formulated and executed based on the business objectives such as sales and growth. It is not uncommon that the financial aspects like adequacy of funding and cash flow are not given the focus it should be deserving or if not due consideration. As a result, companies often suffer bouts of financial distress from a hitch in its operations to severe disruption due to severe shortage of funds. Companies should consider switching their strategy to one where cash flow is emphasized and how funding can be effectively and efficient used to maximize growth (sales) and profitability without compromising financial stability.

This program will give participants a comprehensive understanding of the importance of cash (hence cash flow), the critical role played by working capital, the common causes of financial distress and learn to prepare a cash flow budget (projection) identifying areas for improving cash inflow and conserving or reducing cash out flow. Participant will also learn the critical skill in forecasting and identify the key cash flow drivers; and apply such skills and methodologies to do proper cash flow planning, effective management of cash resources and to avert financial crisis in the future.

 

[02] COURSE OBJECTIVES

By the end of this program, participants will be able to: -

• Know and understand the issues and impact of the pandemic and MCO on the economy, supply chain, business, and employment

• Learn to use cash flow as a key strategy to survive the financial crisis

• Know and understand the critical areas to focus and to craft appropriate cash flow strategies to response to the challenge

• Acquire the right mindset and approach to survive the crisis

• Learn to identify the key drivers of cash flow and use them to create cash flow; and/or to eliminate or reduce cash outflow

• Learn to set up the relevant financial lever (driver) and use them to stimulate the various scenarios to determine the impact on the overall cash flow

• Learn the skills and methodologies to plan and project cash flow through the preparation of a Business Continuity Plan comprising the Master Cash Budget and the relevant supporting budgets

 

[03] TARGETED AUDIENCE

• Accountants, Accounts Executives and Personnel

• Business and Operations Managers and Executives

• Business Owners / Company Directors

• Entrepreneurs and Professionals

• Anyone who is responsible for and/ or involved in managing cash and cash flow

 

[04] DATE, TIME, FEE

 

Date : 11 January 2022 (Tue)

Time : 9.00am - 5.00pm

Venue: The Light Hotel, Prai, Penang

 

FEE  [ HRD Corp Claimable ]

 

- Early Bird Offer (before 19 December 2021)      -       RM 670

- Special Offer (before 3 January 2022)      -       RM 730

- Normal Fee     -      RM 790

 

>> Fee includes Bound Course Notes, Lunch, Refreshments/ Tea Breaks, Certificate of Completion & 6% Government Service Tax

 

** OFFER **

- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.

 

[05] COURSE OUTLINE

 

[01] Overview of Pandemic and MCO

• Impacts on economy, business, and employment

• Economic forecast

• Economic Stimulus and Financial Assistance

 

[02] Assessing the Viability of the Business Model

• Business Nature

• Organization Structure

• Integrity of Supply Chain

• Sources of funding – Internal & External

• Cost Structure

 

[03] Understanding Working Capital and Cash Flow

• Working Capital and Liquidity

• Funding Gap & Business Activity Cycle

• Managing Inventory, Accounts Receivable and Payable

• Role of Credit Control in Cash flow

 

[04] Cash Flow Planning, Projection & Preparation

• An overview of budgeting

• Situational Analysis

• Validating Assumptions

• Forecasting Cash Inflow and Cash Outflow

 

[05] Working on the Budgets

• The Budgets

• Opening balances

• Doing up the Master Budget and supporting budgets

(A comprehensive case study on constructing the key and supporting budgets)

 

[06] Managing the Crisis and Turning It Around

• Mindset and Attitude

• Understanding Cost and Cash Outflow.

• Increasing the Inflow and Reducing the Outflows

• Identifying and using the key cash flow levers (drivers)

(A simulation exercise on the use of key levers to create various scenarios)

 

[06] SPEAKER PROFILE

 

WINSON HAN CA (M) CA (ANZ) B COM

- Chartered Accountant, Consultant, HRDF Certified Trainer

 

Winson is a Chartered Accountant by profession and has over 40 years of experience having served in various roles as practicing accountant, company secretary, financial controller and management consultant. He presently consults and advises companies to better manage their businesses through an integrated process covering strategic planning; tactical design, planning (financial and otherwise) and implementation; and monitoring, review and analysis. He also consults on SST/ GST for covering compliance and implementation. He is a Customs approved GST tax agent. Besides consulting, Mr. Han is also actively involved in conducting public and in-house seminars targeting the non-financial audience in financial management and analysis, financial planning & budgeting, cost management, SST/GST and credit and cash flow management.

He is a PSMB (HRDF) certified trainer and holds a degree in commerce from New Zealand and is a member of the newly merged institute known as “Chartered Accountants Australia and New Zealand” and Malaysian Institute of Accountants.

 

[07] REGISTRATION & ENQUIRY

Email: sstcourse@gmail.com

Enquiry:

- Teo (011 - 3178 9203)

- Logesh (012 - 503 0346)

- Siti (012 - 383 8603)

- Han (019 - 323 0507)