Certificate In Cash Flow Management

Course Offers 24

CPE credits

Certificate In Cash Flow Management Maximise The Performance Of Your Cash Flow Management Strategies

16 – 19 June 2013 • Kempinski Hotel, Mall of the Emirates, Dubai, UAE

Top 5 Learning Objectives 1. Understand how cash flow affects profitability and growth 2. Analyse and maximise the performance of your cash management function 3. Compute your own cash cycle and improve its design 4. Design Excel based models to optimise cash utilisation 5. Mitigate the risks of foreign exchange exposure through hedging

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Delegates are required to bring their own laptops loaded with MS Excel

About Your Expert Course Leaders

The George Washington University School of Business, IIR Middle East’s Academic Partner, is dedicated to excellence: in its teaching and research about management, in the public and private sectors, within the United States and internationally.

The school has a 75 year history of preparing men and women for leadership in both the public and private sectors. Known internationally for its dedication to academic excellence, the school draws students from all parts of the United States and around the world.

Beyond first class teaching and scholarship, the school’s faculty offers practical experience in the issues and challenges confronting business and government. Its research centres link faculty and students with US and international business and government organisations. Recent distance learning initiatives have expanded the school’s global reach.

Course Requirements And Certificates Delegates must meet two criteria to be eligible for an IIRME/GW Certificate of Completion for a course: 1. Satisfactory attendance – delegates must attend all sessions of the course. Delegates who miss more than 2 hours of the course sessions will not be eligible to sit the course exam 2. Successful completion of the course assessment

Prof. Arif Ahmed is a Chartered Accountant and MBA (Finance) and has more than 20 years of experience under his belt in the area of finance and risk management. In addition to training, Prof. Ahmed has assisted many organisations to design and implement financial management and control systems across various industries including media, metals and minerals, logistics, banking, engineering, energy, hospitality, paper, etc. He is one of the most sought after speakers for his inimitable style of blending concepts with application in industry.

Prof. Ahmed is the Director of South Asian Management Technologies Foundation based in India. He has authored books in the area of finance and management.

Prof.Veena Hingarh is a Chartered Accountant, Qualified Company Secretary, and a Certified Information System Auditor. A career rank-holder Prof. Veena focuses on the areas of finance and their interface with information technology as her specialisation. The delegates gain from her insight into the working of finance and its integration with IT. Prof. Veena is the Joint Director of South Asian Management Technologies Foundation, India.

Prof. Arif and Prof. Veena have also co-authored two books – Handbook on IFRS and Manual of Information System Audit both being reviewed positively by the readers.

About Your CPE Credits 1) 2) 3) 4) 5)

Upon completion of this course you may earn maximum 24 CPE credits (Finance 18, Management Advisory Services 6).

Prerequisite to attend: Practical understanding of Cost control fundamentals.

Course level: Intermediate.

Instructional method: Group live.

Advanced preparation: None required.

Delegates who do not meet these criteria will receive an IIRME Certificate of Attendance. If delegates have not attended all sessions, the Certificate will clearly state the number of hours attended.

Course Assessment All delegates will be handed an assessment quiz during the sessions and you will be expected to complete and return them.

The assessment will be in the form of multiple choice questions and will be related to the topics discussed during the session or day.

Delegates will be allowed to consult the session handout.

Would you like to run this course in-house?

Who Should Attend?

This well-researched course reflects practical experiences and will be useful for executives responsible for cash flow in their organisations. Financial Controllers, Chief Finance Officers, Cash Controllers, Cash Flow Managers, Treasury Managers, Finance Managers, Accountants, Budget Managers, and Financial Analysts will find the course particularly useful.

T: +971 4 335 2437

South Asian Management Technologies Foundation is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org

F: +971 4 335 2438

The in-house training division of IIR Middle East Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

E: register@iirme.com

W: www.iirme.com/cashflow

Certificate In Cash Flow Management 16 – 19 June 2013 • Kempinski Hotel, Mall of the Emirates, Dubai, UAE Course Timings Registration will be at 07:30 on Day One. Course sessions will start promptly at 08:00 and end at 14:30. There will be two short breaks for refreshments and lunch will be served at the end of each day’s sessions.

Course Overview The course will explain the critical role cash plays in determining eventual success or failure of a business model. Many times a great business idea ends up benefitting the bankers alone because of a faulty cash management policy and system. This course will define the contact points of business as well as the cash cycle, so that you understand where the critical attention areas are. The course will integrate the business process flow with cash flow and accentuate the critical success factors which will help your organisation do more with a limited cash resource. You will recognise the calibrating issues in a cash flow which will reduce dependence on banks. The course will also take you through the complexities of cash management with reference to risks of being exposed to foreign currency, and will explain the working of cash flow hedges.

Course Methodology Exhaustive case studies will augment your understanding of the subject matter while demonstration of Excel-based models for cash management will allow you to take back implementable models to your organisation.

Delegates are required to bring their own laptops loaded with MS Excel.

Day One Cash Is King • Role of the cash flow manager • The myth of profit – why many businesses earn profit but still lose out to competition?

• Cash and profit – striking a balance between cash, payments and profits • Cash flow cycle – how long it takes for cash to come back after it has gone out of business - Receipt cycle – how cash inflows can improve the cash cycle - Disbursement cycle – how to plan the cash outflow in tandem with cash inflow to ensure that the organisation is always ‘in-cash’ • Float management – identifying common tricks of riding the gap between receipt and disbursement cycle to use cash for free • Linking balance sheet, profit and loss, and cash – analysing and controlling the impact of the cash cycle on your balance sheet, and profit and loss accounts Case Study – Distinguishing between cash and profit

Day Two Monitor And Manage • Cash flow statements – how does cash come in and where does it go?

Reconciling the opening and closing cash holdings • Fund flow statements – difference between cash and fund, and how to construct a fund flow statement • Preparing cash flow statements - Cash from operating activities - Cash from investing activities - Cash from financing activities • Cash flow forecasts and cash budgets – using cash flow budgets as a forecast and control tool to improve cash utilisation • Master budgets and cash flow – exploring the role that cash plays in integrating master budgets with operational efficiency Case Study – Developing a cash budget

Day Three Optimise And Gain • Optimal cash holding – creating a balance between holding cash inefficiently and failing on commitments because of lower cash holding • Liquidity analysis – forecasting the likelihood of a cash shortage • Cash-focused performance analysis – reviewing commonly used performance measures for cash realisation - Solvency - Profitability - Financing - Investing • Financing cash flow – fund a cash flow balancing between the cost of being `out of cash’ and the opportunity cost of being `in cash’ • Short-term financing alternatives – finding the best way to fund the cash cycle after comparing various short term financing options Case Study – Using cash based performance measures

Day Four Advanced Cash Management • Foreign exchange markets – holding of foreign exchange adds another dimension to cash management. This can get devalued even in the course of holding and the reverse is also true. See how the foreign exchange fluctuations affect performance • Futures and options – buying or selling currencies on future dates and yet deciding on the values on the current date. Review the simple working principles of options and futures • Cash flow hedges – how to enter into a hedging strategy in an effort to protect yourself from future fluctuation in foreign currency • Risk consideration for cash flow management – focussing on the critical risk factors that can make or break a cash flow management strategy Case Study – Impact of future, options, and hedging

This is what delegates have said about Arif ’s previous courses with IIR ME: “It was a really good course.”

Shabu Mathews, United Networks, UAE

“I’m very glad to have attended this course with IIR. I gained a lot of information through this course.”

Lamia Yousef Al-Mulla, Masraf Al Rayan Bank, KSA

T: +971 4 335 2437

F: +971 4 335 2438

E: register@iirme.com

W: www.iirme.com/cashflow

Certificate In Cash Flow Management 16 – 19 June 2013 • Kempinski Hotel, Mall of the Emirates, Dubai, UAE FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 21743 Dubai, UAE

+971 4 335 2437 +971 4 335 2438 register@iirme.com

www.iirme.com/cashflow

DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – +971 4 335 2483 E-MAIL – a.watts@iirme.com Event

WEB BC4966

Course Fee Before 31 March 2013

Course Fee Before 21 April 2013

Final Fee

US$ 3,895

US$ 4,395

US$ 4,695

Certificate In Cash Flow Management

16 - 19 June 2013

WOULD YOU LIKE TO RUN THIS COURSE INͳHOUSE?

Any complaints, grievances or suggestion regarding CPE credit may be addressed to email: grievance@south-asian.org.

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions and successfully complete the course assessment will receive an IIRME/GW Certificate of Completion.

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Cancellation If you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge.

Registration fees for registrations cancelled 7 days or less before the Event must be paid in full. Substitutions are welcome at any time.

Avoid Visa Delays - Book Now Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible.

Visas for non-GCC nationals may take several weeks to process.

All registrations are subject to acceptance by IIR which will be confirmed to you in writing.

Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

Event Venue: Kempinski Hotel, Mall of the Emirates, Dubai, UAE Tel: +971 4 341 0000 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971 4 407 2693 Fax: +971 4 407 2517 Email: hospitality@iirme.com © Copyright I.I.R. HOLDINGS B.V.

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