THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
The Working Capital Management Virtual Symposium
Theme: Maximizing agility and resilience for business continuity.
Date: 8th – 9th June 2021
Venue: Virtual
Time: 09.00am-03.30pm
OVERVIEW
Working capital management majorly involves optimizing current assets & liabilities to ensure an entity is sufficiently liquid at any given time. For the organization to achieve this needs to explore supply chain financing to accurately identify opportunities within the chain to unlock liquidity. This will Achieve balance of accounts payable and accounts receivable through re-shaping the organizational model and process improvement.
The concept of liquidity, cashflow and working capital is anchored on IAS 7 Statement of cash flows whose objective focusses on presentation of information about historical changes in cash and cash equivalents of an entity by means of a statement of a statement of cashflows. This analyses changes in cash and cash equivalents during a period.
This training seeks to equip participants with the best practices to manage available resources for day-to-day operations to improve the liquidity position of an organization, raise awareness of systems accounting for cash flow and working capital, demonstrate ability to effectively analyse and interpret cash flow statements and reports ,development of strategies to reduce costs and improve operating cash flows, awareness of key issues in business funding and capital structure and application of critical analysis to capital investment decisions.
Development of advanced cash flow forecasting skills. Additionally, it is also geared towards mitigating risks and making room for management to take advantage of unexpected opportunities such as favorable trade credit terms, attracting potential investors and planning for the next and subsequent businesses transition processes.
A seamless transition will ensure continuity in the current harsh economic times as well as maintain a solid balance between profitability, business growth and liquidity.
As the pandemic continues to ravage the economies globally, it makes it clear that the methodology in which an entity manages its working capital will be core determiner if it will merely survive or emerge victorious.
The following key areas shall form the basis of discussion during this important virtual conference.
- Fundamentals of accounting for cash and working capital
- Understanding the drivers of cash flow, liquidity and solvency
- Managing and improving operating cash flows
- Techniques for optimizing the components of working capital
- Business funding and capital structure
- Principles of capital investment decision-making
- Advanced techniques for cash flow forecasting
- Components of working capital management
- Top industry working capital management practices for business survival during this covid19 pandemic period.
- Transformational working capital management and its impact on accountants and decision making.
- Risk mitigation and various challenges faced by firms in WCM.
- Effective cashflow management strategies
- Vital controls on liquidity and WCM
- Managing tax implications on liquidity and WCM
- Working capital framework and key financial performance indicators
- Working capital turnover ratio
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Ksh. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
