Financial Management: Cash Analysis and Management (Replaced with course NGE48604)

Course Code NGE48504

Contents

1. Contents
2. Description
3. Audience
4. Prerequisites
5. Objectives
6. Topics Include
7. Duration
8. Minimum Requirements
9. Media

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Description

In Financial Management: Cash Analysis and Management, participants learn how to prepare a bank reconciliation and how to choose an appropriate person to review a bank reconciliation. Additionally, they will learn how to control an organization's cash and how to prepare a Cash Flow Statement.

Audience

Managers who want to learn more about the techniques used to manage their organization's cash.

Prerequisites

(Currently no course prerequisite information)

Objective

• Follow the ten step process for preparing a bank reconciliation.
• Take appropriate steps if a difference still exists between a bank's and an organization's records after a bank reconciliation is prepared.
• Differentiate among operating, investing, and financing activities.
• Demonstrate how the information on Balance Sheets and Income Statements is used to prepare a Cash Flow Statement.

Topics Include

Unit 1: Background Information

• Define cash equivalents.
• Explain why cash management is important to an organization.
• List five ways that an organization can control its cash.
• Simulation Overview:
• In this simulation, you will meet with Maggie Roberts, an Assistant Controller at Icon International. Maggie has asked to meet with you to discuss the importance of cash and cash management.

Unit 2: Preparing a Bank Reconciliation

• Identify how often a bank reconciliation should be prepared.
• List the six elements that can create differences between a bank's and an organization's records.
• Follow the ten-step process for preparing a bank reconciliation.
• Take appropriate steps if a difference still exists between a bank's and an organization's records after a bank reconciliation is prepared.
• Choose an appropriate person for reviewing a bank reconciliation.
• Simulation Overview:
• In this simulation, you will meet with Ronald Spear, an Accountant at Icon International. Ronald handles the bank reconciliation process for Icon's overseas business interests. He has extensive knowledge regarding international currency. Today, Ronald has arranged to meet with you to review what you have learned about performing a bank reconciliation.

Unit 3: Maintaining Control of Cash

• Identify who is responsible for cash management.
• Explain how much cash an organization should have.
• List six methods that can be used to control cash.
• Simulation Overview:
• In this simulation, you will meet with Janet Porter, Icon's Director of Business Development. Janet has had a lot of experiencing using cash in a business environment, and she would like to share her knowledge with you. Today, Janet will discuss the importance of cash management and methods you can use to control cash.

Unit 4: Understanding the Cash Flow Statement

• Explain why Cash Flow Statements are useful to an organization.
• Differentiate among operating, investing, and financing activities.
• List the two different approaches used to prepare a Cash Flow Statement.
• Demonstrate how the information on Balance Sheets and Income Statements is used to prepare a Cash Flow Statement.
• Simulation Overview:
• In this simulation, you will meet with Nicholas Richter, Icon's Director of Finance. Nicholas has scheduled a meeting with you to discuss the importance of a cash flow statement. Through his questions and your answers, you will learn the three main classifications included in a Cash Flow Statement, the different approaches used to prepare a Cash Flow Statement, and the process used to analyze a Cash Flow Statement.

Duration

4

Minimum Requirements

The CDROM version of this course requires:

• At least a 486DX 33Mhz CPU.
• Microsoft Windows 3.1 or higher and a Microsoft compatible mouse.
• At least 8MB RAM.
• At least VGA graphics capability with a minimum 512K video RAM (1MB video RAM recommended).
• At least a double speed CDROM drive.
• An MPC compliant sound card with attached speakers or headphones is recommended (Currently, only the CDROM version supports audio).

• At least a 486DX 33Mhz CPU.
• Microsoft Windows 3.1 or higher and a Microsoft compatible mouse.
• At least 8MB RAM and 22MB available hard disk space or file server space.
• At least VGA graphics capability with a minimum 512K video RAM (1MB video RAM recommended).

Media