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Course Outline
Day 1: Cash Management Fundamentals and Daily Liquidity Positioning
- Overview of public sector treasury principles
- Roles and responsibilities within financial management structures
- Interagency coordination among treasury, finance, accounting, and procurement entities
- Distinctions between profitability, cash flow, and liquidity for government operations
- Analyzing cash inflows, outflows, and liquidity status
- Principles of the cash conversion cycle in public administration
- Categorization of operating, investing, and financing activities
- Evaluation of bank balances and available cash resources
- Techniques for daily liquidity positioning for government entities
- Challenges associated with cash visibility in complex organizational structures
- Protocols for daily liquidity reporting
- Practical application: Preparation of the daily cash position report
Day 2: Cash Flow Forecasting and Liquidity Planning
- Core concepts of government cash flow forecasting
- Direct and indirect forecasting methodologies applicable to public funds
- Determining appropriate forecast horizons and planning periods
- Implementation of rolling forecasts and continuous liquidity planning
- Forecasting revenue receipts and operational expenditures
- Modeling debt service obligations and capital expenditure requirements
- Strategies for managing forecast uncertainty in volatile economic environments
- Scenario planning and sensitivity analysis for fiscal resilience
- Analysis of forecast variances to enhance fiscal control
- Best practices for improving forecast accuracy and establishing governance frameworks for government finance
- Practical application: Development of a 13-week cash flow forecast
- Workshop on interpreting and acting upon forecast variance data
Day 3: Working Capital Management and Internal Liquidity Optimization
- Fundamentals of working capital management in the public sector
- Optimization strategies for receivables, payables, and inventory assets
- Metric analysis: Days Sales Outstanding (DSO)
- Metric analysis: Days Payable Outstanding (DPO)
- Metric analysis: Inventory Holding Periods
- Comprehensive Cash Conversion Cycle assessment
- Enhancing collection processes and invoice accuracy
- Strategies for managing delinquent receivables
- Evaluating supplier payment terms and timelines
- Assessment of early payment discount opportunities
- Techniques for inventory control and optimization
- Coordinating cross-functional initiatives to optimize working capital
- Practical analysis: Working capital performance review
- Group exercise: Developing improvement strategies for public financial assets
Day 4: Banking Relationships, Payment Systems, and Cash Concentration
- Management of corporate and institutional bank accounts
- Maintaining effective banking relationships for government services
- Reviewing bank fees and service level agreements
- Domestic and international payment mechanisms relevant to federal contracts
- Implementing robust payment approval and authorization controls for government transactions
- Fraud prevention measures and payment security protocols
- Enforcing segregation of duties and internal financial controls
- Structures for cash concentration and pooling arrangements
- Utilizing zero balancing and target balancing techniques
- Managing intercompany funding arrangements in government subsidiaries
- Evaluating short-term financing options for public entities
- Understanding overdrafts, revolving credit facilities, and loan structures
- Utilizing short-term investments and deposits for idle funds
- Comparative analysis exercise: Funding instrument selection for government use
- Case study: Prevention of payment fraud in institutional settings
Day 5: Financial Risk, Reporting, Technology, and Strategic Improvement
- Managing liquidity and funding risks within public finance frameworks
- Assessing counterparty and banking institution risks for government partners
- Mitigating operational and payment processing risks
- Evaluating interest rate and foreign exchange exposures relevant to international operations
- Implementing treasury technology and advanced cash management systems for government agencies
- Leveraging bank portals and treasury management software for enhanced visibility
- Automating reconciliation processes and financial reporting
- Designing cash management dashboards and defining Key Performance Indicators (KPIs)
- Developing comprehensive policies and governance structures for public finance
- Executing effective management and liquidity reporting for government stakeholders
- Integrated case study: Applying cash management principles to a complex government scenario
- Strategic planning for continuous improvement in cash management practices
- Final assessment and presentation of participant-developed improvement plans for government application
Requirements
To ensure effective engagement with the material provided for government audiences, participants are expected to possess a foundational grasp of financial principles, including accounting methodologies and treasury operations. Competency in interpreting financial statements and understanding cash flow dynamics is required. While prior professional experience in finance, accounting, budgeting, or related public sector business functions is advantageous, it is not a prerequisite for enrollment. Additionally, attendees must demonstrate basic proficiency in spreadsheet software to support forecasting and analytical tasks.
35 Hours
Testimonials (2)
Fun to talk
Jihan Fadila - BAF
Course - Root Cause Analysis (RCA) for Internal Audit
Very practical. Trainer was very flexible in ensuring we meet our needs.