Corporate Finance #6 Management of Current Assets
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.
- 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.
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.
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.