Class Overview

Cash is King | Seattle Central College - Continuing Education

Cash is arguably the most important factor in business success.

D&B reports 90% of all small business failures are due to poor cash flow -- more money gets paid out than is collected.

It is the non-financial manager who really makes a difference in the day-to-day cash activities.

During this course, you'll learn how to:

  • Clearly communicate the importance of cash in business
  • Identify a business's cash-critical stage
  • Provide a review of possible internal and external sources of cash
  • Show participants how to read a flow statement and report
  • Provide participants with the knowledge to use the cash cycle to identify potential improvements
  • Provide information so participants can estimate the amount of cash needed and appropriate timing for three years
  • Provide the knowledge needed to approach potential funding sources

Discover how to maximize cash flow, learn the importance of cash, and find out your role in your organization's financial success.

Course Outline

Cash Flow Strategies

  • Why cash is so important in business
  • What are the cash-critical stages in business
  • What internal sources of cash are possible
  • What potential external sources of cash there are

Reporting and Evaluating Cash Flow

  • Review of the Cash Flow Statement
  • Review of Projected Cash Flow Report
  • What the Cash Cycle communicates
  • What improvements can be made to shorten the cash cycle
  • Calculating cash cycle

Projecting Cash Needs

  • How much cash the business needs
  • When cash injections are needed
  • Which cash needs will internal sources be able to cover
  • Which cash needs must be met through external sources
  • Making comparisons with other businesses in the same industry

Funding Requests

  • What debt sources of cash are possible
  • What are the potential equity sources of cash
  • What requirements different funding sources have
  • Making a pitch to investors
  • Approaching potential lenders for financing

Learning Outcomes

At the end of this course, you will:

  • Understand your company's cash activities and your own role in improving cash flow
  • Be able to reveal cash needs based on a three-year estimate of cash sources and uses
  • Know how to consider cash management ideas to improve cash flow through improved business activities
  • Be able to consider potential external cash sources and ways to approach them for funding

Who Should Take this Class?

  • Non-finance professionals who would like to have a better understanding of cash
  • Small business owners looking for guidance on bookkeeping fundamentals
  • Anyone interested in our Entrepreneurial Finance Certificate program

Session Details

  • Class ID: 5936
  • Instructor: Jodie Trana
  • When: 3/5/18 - 3/30/18
  • Total Number of Hours: 16
  • Where: Online
  • Fee: $195
  • Additional Notes: This course is also part of our Entrepreneurial Finance Certificate program.
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