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Cash is King: Effective Cash Flow Management, by Lorman

Cash is King: Effective Cash Flow Management is brought to you by Lorman

Understand how cash truly moves through your business, how to prepare a cash flow budget, and how to identify ways to improve your working capital.

A balance sheet is described as a snapshot of your financial statement at a single point in time. An income statement will summarize the revenue, expenses, and net income for a certain time period. These are valuable tools to measure the performance of your business but lack the detail to exactly understand what happened to all your cash during the same time. Understanding and managing the cash flow in your business is critical to your success. You will learn in this course how cash moves through your organization, how to prepare a valuable cash flow budget, and identify strategies to improve your working capital.

Learning Objectives

  • You will be able to differentiate between the sections of a Cash Flow Statement and what is included in each.
  • You will be able to differentiate between the various methods to prepare a Cash Flow Statement
  • You will be able to identify how to calculate the Cash Flow Statement
  • You will be able to differentiate between what is included in each sections of a Cash Flow Statement.

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