This eCourse consists of two modules. Module 1 provides a high-level overview of cash management and highlights key aspects of the cash management process that must be considered. Cash management focuses on three areas: collecting revenues, paying expenses and debts, and balancing the need to keep cash on hand with the need to invest in projects. Effective cash management is therefore vital to a company’s long-term health.

Module 2 provides a high-level overview of credit management and highlights the key processes and procedures that can help ensure debts are paid on time and in full. Credit provision raises risks, in particular the risk that customers may not repay their debts. Effective credit management processes are needed to help manage this risk.

On completion of this course, you will be able to:
- Define cash management
- Identify the role of cash budgets in the cash management process
- Identify policies and procedures to improve cash management
- List the short-term financing instruments available the help companies manage their cash
- Define credit management
- List the questions credit managers should ask before making the decision to extend credit to customers
- Identify the risk analysis process credit managers may use to assess a customer’s financial position
- Name the key elements of a credit agreement and the issues they must address
- List the credit control procedures used by a typical company’s credit collections department

Module 1: Cash Management
Topic 1: Cash Management Overview
Topic 2: Cash Budgets
Topic 3: Managing Cash Flows

Module 2: Credit Management
Topic 1: Credit Management & Risk Analysis
Topic 2: Credit Control