Course Description
Course title:
Financial Management: Understand working capital management
Course Description:
This course is designed to help Level 5 Accounting and Business Students improve their knowledge and skills in the subject of financial management, specifically focusing on understanding working capital management. Through a comprehensive curriculum, students will gain a deep understanding of the key concepts and techniques related to managing working capital effectively. The course will cover topics such as cash flow management, inventory control, accounts receivable and payable management, and short-term financing options. By the end of the course, students will be equipped with the necessary tools to make informed financial decisions and optimize working capital for business success.
Course Objectives:
- Understand the importance of working capital management in financial decision-making.
- Develop skills in analysing and managing cash flow effectively.
- Gain knowledge of inventory control techniques and their impact on working capital.
- Learn strategies for optimizing accounts receivable and payable management.
- Familiarize with different short-term financing options available for working capital needs.
- Apply working capital management concepts to real-world business Examples.