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Corporate Finance #6 Management of Current Assets
Rating: 4.6 out of 5(693 ratings)
45,099 students

Corporate Finance #6 Management of Current Assets

Maximizing Liquidity and Profitability: Strategic Management of Current Assets in Corporate Finance
Created byRobert (Bob) Steele
Last updated 2/2022
English
English [Auto],Italian [Auto],

What you'll learn

  • Define the concept of current assets and their significance in corporate finance.
  • Analyze the different classes of current assets, including cash, accounts receivable, inventory, and marketable securities.
  • Evaluate the balance between current assets and long-term assets to optimize liquidity and profitability.
  • Apply cash management strategies to effectively monitor and enhance cash flow in a corporate setting.
  • Implement efficient accounts receivable collection techniques to improve cash flow and reduce outstanding balances.
  • Assess and optimize inventory turnover to minimize holding costs and mitigate risks of spoilage or obsolescence.
  • Examine the concept and benefits of a just-in-time (JIT) inventory system in streamlining operations and minimizing inventory levels.
  • Utilize Excel worksheets to solve practical problems related to current asset management and cash flow analysis.
  • Analyze the impact of current asset management decisions on financial stability and profitability.
  • Synthesize key principles and strategies to develop an effective current asset management plan aligned with organizational goals.

Course content

3 sections • 28 lectures • 6h 55m total length

  • 705 Management of Current Assets Introduction6:36

    Explore how to manage current assets—cash, accounts receivable, inventory, and marketable securities—to optimize liquidity, safety, and ROIC while supporting revenue growth.

  • 710 Management of Cash14:46

    Master cash management by minimizing cash balances while ensuring emergency readiness, aligning cash inflows and outflows, and optimizing collections, payments, and float.

  • 715 Cash Management International2:58

    Navigate cash management for international transactions by balancing minimal cash holdings with emergency liquidity, and managing currency risks, time zones, and tax differences.

  • 720 Marketable Securities3:05

    Manage cash by investing in short-term, highly liquid marketable securities to earn minimal returns while preserving access for emergencies; include treasury bills, CDs, commercial paper, and money market options.

  • 725 Accounts Receivable Management11:19

    Explore accounts receivable management in corporate finance, balancing credit terms, collection policies, and cash flow, while evaluating credit risk, discount incentives, and aging analyses.

  • 730 Inventory Management17:09

    Explore inventory management across industries, from raw materials to finished goods, and apply the economic order quantity to balance carrying and ordering costs while avoiding stockouts.

  • 735 Just-In-Time Inventory8:39

    Explore just-in-time inventory to minimize on-hand stock while ensuring continuous production and strong supplier links. Learn trade-offs between reduced storage costs and risks from supply disruptions and demand surges.

Requirements

  • Basic understanding of corporate finance principles, including financial statements, financial analysis, and financial decision-making.
  • Access to a computer or laptop with internet connectivity to access course materials, practice exercises, and Excel worksheets.
  • Eagerness to learn and apply current asset management principles to optimize liquidity and profitability in a corporate finance context.
  • Openness to hands-on practice and willingness to work with Microsoft Excel or similar software to solve practice problems and analyze current asset data.

Description

In this comprehensive course, we will delve into the essential principles and strategies of managing current assets from a corporate finance perspective. By understanding the intricacies of current asset management, you will learn how to strike the perfect balance between liquidity and profitability, ensuring the financial stability and success of your organization.

Throughout the course, we will tackle various current asset classes, including cash, accounts receivable, inventory, and marketable securities. By exploring real-world examples and engaging problem-solving exercises, you will gain practical insights into effective current asset management techniques. The course offers a combination of presentation-style examples and hands-on practice using Excel worksheets, allowing you to reinforce your learning through practical application.

One of the focal points of the course is cash management, which lies at the core of a sound current asset strategy. You will discover strategies to optimize cash flow, ensuring you have sufficient liquidity to meet your financial obligations in a timely manner. Moreover, we will explore the efficient collection of accounts receivable, utilizing techniques such as cash discounts to enhance cash flow while weighing the associated costs.

Achieving an optimal level of inventory turnover is another key objective. By reducing holding costs and minimizing the risk of spoilage or obsolescence, you can significantly enhance your organization's performance. Additionally, we will discuss the concept of a just-in-time (JIT) inventory system, which aims to minimize inventory levels while maintaining smooth production and delivery processes.

Join us on this transformative journey to master the art of current asset management and unleash the potential for enhanced liquidity and profitability. Enroll today to gain the skills and knowledge to effectively manage current assets, optimize cash flow, and make informed decisions in a corporate finance context.

Who this course is for:

  • Finance professionals, including financial analysts, managers, and executives, seeking to deepen their knowledge and skills in managing current assets within a corporate finance framework.
  • Business owners and entrepreneurs looking to optimize their organization's liquidity and profitability through effective current asset management strategies.
  • Accounting professionals interested in expanding their understanding of current asset management and its impact on financial performance.
  • Managers and decision-makers involved in financial management, treasury functions, and cash flow analysis, aiming to enhance their current asset management skills.
  • Students pursuing degrees or certifications in finance, accounting, or related fields, who want to develop a strong foundation in managing current assets in a corporate finance context.
  • Professionals involved in corporate finance, financial planning, or budgeting roles, seeking to enhance their knowledge and decision-making abilities in current asset management.
  • Individuals with a keen interest in finance and a desire to gain practical insights into optimizing liquidity and profitability through effective management of current assets.
  • Anyone involved in financial analysis, investment evaluation, or financial consulting, who wants to deepen their understanding of current asset management principles and techniques.
  • Individuals responsible for treasury functions, cash management, or working capital optimization within their organizations.
  • Enthusiastic learners who are eager to enhance their current asset management skills and make informed decisions to drive financial success in a corporate finance context.

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