Certified Cash Flow Manager 1 - 5 Jun 2008 • Kempinski Hotel, Mall of the Emirates • Dubai 
Enhance Company Performance By Developing, Improving
And Measuring Cash Flow Management Strategies
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Day 3
Course Timings: Registration will be at 08.00 on Day One with the programme commencing at 08.30 each day. There will be two short breaks for refreshments each day and the sessions will conclude at 14.30 with lunch.
Day Three – Tuesday, 3 June 2008
Developing Cash Budgets
• Evolutionary budgeting
• The role of cash budgeting
• The control framework
• Budgetary cycles
• Master profit plan
• Sales and expenses budgets
Cash Flow Derivation
• Deriving cash flow
• Cash from customers
• Cash paid to suppliers
• Payment and collections management
• Cash budgeting
• Operating and non-operating cash flows
• Investing and financing activities
• Borrowings and interest issues
• Methods of budget preparation
• Functional cash budgeting
• Master cash budgets
• Putting a full cash budget together
• Budgeted income statement
• Budgeted balance sheet
Understanding The Cost Of Cash
• The time value of money
• Simple and compound interest
• Growth factors
• Yield curves
• Compounding frequencies
• Effective interest rates
• Discount factors and discount rates
• Present values and future values
• Annuities (ordinary and deferred)
• Annuity due
• Perpetuities
• Interest rate sensitivities
• Risk vs. return
• Bond yields
Case Study