This course will enable you to:
- Help your organisation and clients have the right money in the right place at the right time
- Minimise time spend waiting for money to arrive, minimise the interest paid and maximise the value of your and your clients' money
- Advise on which domestic and international payment methods are right for your organisation and clients
- Decide on the best way of collecting payments, including different types of float and Direct Debit collections
- Understand the impact that electronic banking can have on cash flow
- Explore the attributes of different types of account that cash balances reside on
- Assess the benefits of different short-term borrowing and investments instruments
Effective cash management is about having the right money in the right place at the right time - minimising the time spent waiting for money to arrive, minimising the interest we pay, and maximising the value of our money. That sounds easier said than done, but there are a range of techniques that can help your organisation achieve this.
This course will guide you on the mechanisms and techniques available to enhance cash management in your organisation. Gain an understanding of the instruments available to make and collect payments, along with the opportunities and complexities of electronic banking. You'll also be able to identify the key attributes of various account structures and systems as well as short-term borrowing and investment options.
- Cheques, drafts and card payments
- Individual payments, and bulk and batch payments
- Urgent payments
- Opening up a new market
- A beneficiary claims non-receipt
- Single Euro Payments Area
- Multilateral netting
- Float in general, and mail, funds and information float
- Measuring the value of float
- Receiving a lot of cheques
- Banking and interchange fees
- Reversibility risk
- Direct Debit collections
- Advices of debit and advices of credit
- Payment templates for individual payments
- Functions for file handling
- SWIFT Corporate Access
- Centralising cash management
Account structures and systems
- Attributes of a basic current account
- Tiered, multicurrency and investment accounts
- Interest enhancement
- Deciding between pooling and zero-balancing
Short-term borrowing and investment options
- Advices to receive
- Short-term loans, bill financing and issuance of commercial paper
- Call and time deposits
- Investing in certificates of deposit and purchase of CP
- Credit risk and credit ratings
- Liquidity and yield curve risk
- Drawing up an investment policy
ACCA partner with accountingcpd.net to provide high quality CPD for members. As an ACCA member, you are required to complete at least 40 relevant units of CPD each year, where one unit is equal to one hour. 21 units must be verifiable; the other 19 can be non-verifiable.
Your accountingcpd.net course counts as verifiable CPD, if you can answer "yes" to these questions:
- Was the learning activity relevant to your career?
- Can you explain how you will apply the learning in the workplace?
You select courses that meet these criteria, and as you complete each course you get a CPD certificate so you can provide ACCA with the evidence that you undertook the learning activity.