Professional Certificate in Understanding the Working Capital Management

The programme is available in 2 duration modes:

2 months (Standard mode)

1 month (Fast-track mode)

Online

In order to apply you should have either:

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.

1. Introduction to Working Capital Management: An overview of working capital management, its importance, and the key components of working capital including cash, accounts receivable, inventory, and accounts payable.

2. Cash Flow Management: Exploring strategies for managing cash flow effectively, including cash flow forecasting, cash conversion cycle, cash flow statement analysis, and techniques for improving cash flow.

3. Accounts Receivable Management: Understanding the management of accounts receivable, including credit policies, credit evaluation, collection procedures, and techniques for reducing bad debt and improving cash flow.

4. Inventory Management: Examining inventory management principles, inventory turnover ratios, economic order quantity (EOQ), just-in-time (JIT) inventory systems, and techniques for optimizing inventory levels.

5. Accounts Payable Management: Exploring the management of accounts payable, including payment terms, supplier relationship management, invoice processing, and strategies for optimizing accounts payable processes.

6. Working Capital Financing: Understanding different sources of working capital financing, including short-term loans, lines of credit, trade credit, factoring, and evaluating the cost and benefits of different financing options.

7. Working Capital Performance Analysis: Analyzing key performance indicators (KPIs) and financial ratios related to working capital management, such as current ratio, quick ratio, days sales outstanding (DSO), and days payable outstanding (DPO).

8. Working Capital Optimization Strategies: Developing strategies and techniques for optimizing working capital, including cash flow improvement initiatives, inventory management strategies, credit management policies, and supplier relationship management.

9. Working Capital Risk Management: Identifying and managing risks associated with working capital, including liquidity risk, credit risk, and operational risk, and implementing risk mitigation strategies.

10. Working Capital Management in Practice: Applying the concepts and techniques learned throughout the course to real-world scenarios and case studies, and understanding the practical implementation of working capital management strategies in different industries and organizations.

Assessment is via assignment submission

The fee for the programme is as follows:

1 month (Fast-track mode) - £140

2 months (Standard mode) - £90

Please find below available fee payment plans:

1 month (Fast-track mode) - Fee £140

• This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.