Corporate Finance #6 Management of Current Assets

Introduction

Are you a finance professional looking to enhance your skills in managing a company's liquidity and profitability? The course "Corporate Finance #6 Management of Current Assets" might be just what you need. This comprehensive course dives deep into the intricacies of current asset management, offering practical insights and strategies to optimize your organization's financial health. By mastering the management of cash, accounts receivable, inventory, and marketable securities, you'll be equipped to make informed decisions that drive success in the corporate world.

Course Details

Course Curriculum Overview

The "Corporate Finance #6 Management of Current Assets" course is meticulously designed to cover a wide range of topics crucial to effective current asset management. The curriculum includes:

Definition and Significance of Current Assets: Understanding the role of current assets in corporate finance.
Classes of Current Assets: Detailed analysis of cash, accounts receivable, inventory, and marketable securities.
Balancing Current and Long-term Assets: Strategies to optimize liquidity and profitability.
Cash Management: Techniques to monitor and enhance cash flow.
Accounts Receivable Management: Methods to improve collection and reduce outstanding balances.
Inventory Management: Assessing turnover and minimizing holding costs.
Just-in-Time (JIT) Inventory System: Benefits and implementation of JIT to streamline operations.
Practical Problem Solving with Excel: Hands-on practice using Excel worksheets for real-world scenarios.
Impact Analysis: Evaluating the effects of current asset management on financial stability and profitability.
Developing a Current Asset Management Plan: Synthesizing principles and strategies to align with organizational goals.

Key Learning Outcomes

Upon completing this course, learners will be able to:

Define and explain the significance of current assets in corporate finance.
Analyze and manage different classes of current assets effectively.
Implement strategies to optimize cash flow and liquidity.
Enhance accounts receivable collection processes.
Optimize inventory turnover and mitigate associated risks.
Apply the principles of a JIT inventory system to streamline operations.
Use Excel to solve practical problems related to current asset management.
Develop a comprehensive current asset management plan aligned with organizational objectives.

Target Audience and Prerequisites

This course is ideal for:

Finance professionals seeking to deepen their understanding of current asset management.
Business managers looking to improve their organization's financial performance.
Students and aspiring finance professionals aiming to build a strong foundation in corporate finance.

Prerequisites for the course include:

Basic understanding of corporate finance principles.
Access to a computer with internet connectivity and Microsoft Excel or similar software.
Eagerness to learn and apply current asset management principles.

Course Duration and Format

The course spans approximately 7 hours of on-demand video content, supplemented by 1 article and 16 downloadable resources. It is designed for flexible learning, accessible on mobile and TV devices, and includes a certificate of completion upon finishing the course.

Instructor Background

The course is taught by Robert (Bob) Steele, a seasoned finance professional with credentials including CPA, CGMA, M.S. Tax, and CPI. With an impressive instructor rating of 4.5 and over 933,000 students across 157 courses, Bob brings a wealth of knowledge and experience to the classroom, ensuring a high-quality learning experience.

Benefits & Applications

Practical Skills Gained

Learners will acquire a range of practical skills essential for effective current asset management, including:

Cash Flow Optimization: Techniques to monitor and enhance cash flow.
Accounts Receivable Collection: Strategies to improve collection processes and reduce outstanding balances.
Inventory Turnover Analysis: Methods to assess and optimize inventory turnover.
JIT Inventory System Implementation: Understanding and applying JIT principles to streamline operations.

Real-World Applications

The skills learned in this course can be directly applied to various real-world scenarios, such as:

Cash Flow Management: Ensuring sufficient liquidity to meet financial obligations.
Accounts Receivable Management: Enhancing cash flow by improving collection processes.
Inventory Management: Reducing holding costs and minimizing risks of spoilage or obsolescence.
Operational Efficiency: Implementing JIT systems to streamline production and delivery processes.

Career Relevance

Mastering current asset management can significantly impact your career by:

Enhancing Financial Decision-Making: Making informed decisions to optimize liquidity and profitability.
Improving Organizational Performance: Contributing to the financial stability and success of your organization.
Increasing Employability: Demonstrating expertise in a critical area of corporate finance.

Industry Alignment

The course aligns well with the needs of various industries, including:

Manufacturing: Optimizing inventory management to reduce costs and improve efficiency.
Retail: Enhancing cash flow and accounts receivable management to support growth.
Service Industries: Ensuring liquidity to meet operational needs and financial obligations.

Standout Features

Unique Course Elements

The "Corporate Finance #6 Management of Current Assets" course stands out with its focus on practical application and real-world problem-solving. Key unique elements include: