Cash Flow Statement Workshop Preparation And Analysis

The organization of the accounts payable function and the management of the accounts payable role are of vital importance to the effective control of working capital and therefore cash flow.

This program provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state of the art levels.

Documented strategies and tactics employed by highly admired companies are presented both successful and unsuccessful to illustrate the real world functionality of each process and approach

By attending this event, delegates will understand:

• The importance of the accounts payable function with regard to its links with the supply chain and cash flow
• The integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger
• How to effectively manage cash and working capital to reduce costs and improve cash flow
• The impact of risk and uncertainty on the business and its impact on accounts payable and cash flow
• How leading companies from across the globe are achieving best practice in Accounts Payable

Course Objectives

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

• Work effectively with the fundamentals of accounts payable, financial accounting and the supply chain
• Understand and apply the fundamentals of accounts payable systems
• Review and comment on payment methods and cash management
• Analyze the need to incorporate risk and uncertainty into accounts payable analysis
• Identify best practice across all industries

Who Should Attend?

Accounting and finance staff including controllers, managers, seniors, financial analysts and financial professionals who wish to better understand the cash flow statement from preparation to analysis.

Course Outline

Accounts Payable, Financial Accounting And The Supply Chain
The Accounting Environment

• Accounting and financial information
• Accounting terminology
• Sources of finance
• The supply chain
• Financial position and financial performance
• Cashflow and Working Capital
• Why is cashflow so important?
• The structure of the statement of cashflows

Achieving World Class In Accounts Payable Processes
Achieving Best Practice

• Defining Best Practice in AP
• Moving beyond P2P
• Managing Risk
• Principles of Best Practice
• End to End AP Process
• Defining the issues in Accounts Payable
• Invoice Handling
• Operational
• Master Vendor File Management
• Travel & Entertainment (T&E)
• Technology
• Communication

Improving Invoice Processing And Operational Management
Invoice Handling

• Dealing with Approvals
• Forwarding invoices
• Verifying invoice data
• Short paying invoices
• Paying “low value” items
• Identifying “Unidentified” invoices
• Handling invoices without invoice numbers
• Operational
• How to avoid duplicate payments
• Limiting telephone calls to AP
• Petty cash management
• Using Supplier statements

Harnessing Technology In The Ap Processes
Master Vendor File Management

• File setup  – getting it right from the start
• Naming conventions
• File maintenance and security issues
• Travel & Entertainment
• Policy management
• Cash advances
• Reporting forms
• Handling receipts
• Reservation management
• Employee reimbursement
• Technology
• Imaging and workflow
• Using the internet for AP effectiveness
• Electronic invoicing

Making The Payments And Maintaining The Relationships
Communications & Customer Relations

• Payments status information for vendors
• Communicating relevant information to vendors
• Communicating with internal customers
• Improving Procure to Pay(P2P)Cycle
• Payments and Payment Solutions
• Cheques
• Procurement Cards

Cash Management

• A case study exercise to allow participants an opportunity to apply the learning of the week and define a practical solution.