Cash is arguably the most important factor in business success. D&B reports 90% of all small business failures are due to poor cash flow—more money gets paid out than collected. It is the non-financial manager who really makes a difference in the day-to-day cash activities. Discover how to maximize cash flow, learn the importance of cash and find out your role in cash flow success.
CEUs/ILUs: 1.6
Length (in hours): 16
Price: $195.00
NBDA Member Price: $165.00 One Month Course
Agenda
Unit 1
Cash Flow Strategies
Why cash is so important in business
What are the cash-critical stages in business
What internal sources of cash are possible
What potential external sources of cash there are
Unit 2
Reporting and Evaluating Cash Flow
Review of the Cash Flow Statement
Review of Projected Cash Flow Report
What the Cash Cycle communicates
What improvements can be made to shorten the cash cycle
Calculating cash cycle
Unit 3
Projecting Cash Needs
How much cash the business needs
When cash injections are needed
Which cash needs will internal sources be able to cover
Which cash needs must be met through external sources
Making comparisons with other businesses in the same industry
Understand your company’s cash activities and your own role in improving cash flow.
Be able to reveal cash needs based on a three year estimate of cash sources and uses.
Know how to consider cash management ideas to improve cash flow through improved business activities.
Be able to consider potential external cash sources and ways to approach them for funding.
Course objectives
To clearly communicate the importance of cash in business.
To identify a business’s cash-critical stage.
To provide a review of possible internal and external sources of cash.
To show participants how to read a cash flow statement and cash flow report
To provide participants with the knowledge to use the cash cycle to identify potential improvements.
To provide information so participants can estimate the amount of cash needed and appropriate timing for three years.
To provide the knowledge needed to approach potential funding sources.
About Online Learning
Online learning is a fun, enjoyable and very productive way to learn. Millions of people are learning online each year. You will engage with the instructor and other participants. You will get to know your instructor and other participants. You may make friends. It’s easy. It’s fun.
How the Certificate Works
It is easy to participate in your online course. After you register, you will be given a web address to go to get into your online classroom. You will have a password and use your email address and password to gain access.
Once inside the online classroom, here’s what you can expect.
What You Will Do
For each Unit, you will:
Access the online readings
Listen to the audio presentation for the Unit and view the slides
Take a self-quiz to see how much you have learned
Engage in written online discussion with your instructor and other participants
For best learning, you should make one or more comments at 2-3 different times each day.
The content (readings, audio lectures, slides) and self-quizzes are accessible for the entire course, so you can work ahead, or go back and review again, at your convenience.
Participate When You Want
You can participate any time of day or evening. The online classroom is open 24 hours a day, 7 days a week.
There are no live real-time requirements or meetings. You decide when you participate.
For the best learning, participants should log into the course on 2-3 different days of the week.
Discussion
The Discussion for each Unit lasts one week. All comments are made in writing and can be made at any time of the day or night.
Your instructor will log into the Discussion area at least once a day and answer questions, make comments, and respond to comments by you and the other participants.
We encourage you to make 2-3 comments each day to maximize your learning and enjoyment of the course.
Jodie Trana has had a career in business consulting and financial management. She then started a consulting and training organization offering educational consulting services to organizations such as the Kauffman Foundation, the largest foundation devoted to entrepreneurship. Jodie contributed the financial chapters for Kauffman’s textbooks and managed the curriculum design and facilitation process for their entrepreneurship educational programs. Her content specialties include accounting, financial analysis, business planning, cash flow analysis, and funding request analysis. Her background includes business and financial management in consulting, construction, non-profit, healthcare, and retail industries.
As non-credit, in which case you can participate as little or as much as you like;
For completion and recognition, in which case here are the completion requirements.
These Completion Requirements apply if you are taking our online course or certificate for any of the following recognition:
Certificate
CEUs and/or International Learning Units (ILUs)
Certification
Requirements
Make at least one comment every week in the discussion
The comment should show thought and be more substantive than just “Yes, I agree.” There is no length required for comments.
Replies to other comments, responses to other participants, count as comments (in most cases your instructor values replies and responses as comments).
Questions and online discussion facilitative comments also count as well as long as there is some thought to them.
Take every Unit self-quiz
Take every Unit self-quiz for the course and get at least 80% score.
You may retake any self-quiz as often as you need to get to the 80% level.
Completion timeline
The requirements should be done by the last day of the course.
Individual instructors may extend the deadline upon request.
If, for any reason, you are not able to complete the requirements during the course, we are pleased to provide you with our Course Transfer Option.
You may retake any or all of the same online course at a future offering within the next 12 months, and you can do so at no extra cost.
Recognition awarded
For individual courses, a PDF transcript is issued showing completion.
For certificates and certification, a PDF certificate is issued showing completion.
If you need further assistance with your class or are looking for an individual to contact within the LERN organization, visit the Contact Us page on the LERN website.
