Workshop on Working Capital Management
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Date: 20 Mar 2010 Venue: Courtyard Marriott, CHENNAI
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The management of Working Capital assumes added prominence because it is all about managing this fine balance and also it assumes great importance especially when there is a liquidity crunch in the economy and bank finance availability for working capital purposes becomes increasingly difficult.For companies in turn around process,managing cash flows (Working Capital) under exceptional time pressure is the crux for success.
In recent years there has been a growing recognition that,in the long run,effective management of cash flow is more important than profit.Long-term cash flow is the real value of a business.It has also been recognized that there is significant potential for improved financial performance from the more effective management of working capital–both directly from immediate cash gains and reduced net interest costs,and indirectly through its impact on increased profitability and return on capital employed.
In view of the focus on working capital as a significant tool for cost reduction in the hands of the Finance Manager,Princeton Academy is pleased to announce a one day program in the area of “Working Capital Managementâ€
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Programme Content: (Timings- 9:30 AM -5:15 PM)
Working capital management:
Definitions,Operating cycle–Production cycle–distribution cycle–pipeline inventories.Types of Working Capital
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Estimation of Working Capital requirements:
Estimation procedure–Factors determining Working Capital requirements–Importance of optimum Working Capital–Working Capital policy & Management– Profitability v/s liquidity.–Working Capital Monitoring and control
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Management of Cash and Marketable Securities:
Motives for holding cash.Cash Management,Control aspects–Outflows and Inflows,Managing the float,Investment of Surplus Cash.Management of Marketable Securities.
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Receivables Management:
Costs and benefits of receivables, Credit Policy, Credit Evaluation
Credit Control, Factoring and Receivables Management
Forfaiting, Evaluation of Credit Policies.
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Inventory Management:
Rationale to hold inventory,Cost of Maintaining Inventory
Techniques & Risks in Inventory Management
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Working Capital Financing:
Types of spontaneous sources,Commercial Paper-Bank credit-Other sources of Short Term Financing
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Faculty: Anil Kamath
* Managing Director– Wockhardt Hospitals
* responsible for the New hospitals projects and operations of hospitals in non-metro cities in addition to his corporate role of Business development, Finance,Supply Chain and Equipment procurement,Information technology
* Mr Anil Kamath is a Chartered Accountant by qualification and is an alumnus of the Executive Program of Michigan Business School, Ann Arbor.
* He is a Member of the Chartered Management Institute UK,The Institute of Certified Internal Auditors USA,the Royal Society of Public Health UK,and the All India Management Association.
* Teaching and training are his hobby. He is an eminent speaker & writer in various journals and publications.
* He has over 30 years of corporate experience at senior levels in finance and legal fields,in leading listed companies.He started his career with Wockhardt in 1976 where he headed the Finance,legal and Secretarial function till 1984.
* He thereafter was associated mainly with Unichem labs Ltd and Blue Star Ltd as their Vice President and Executive Vice President respectively till his return to Wockhardt in 1998 to handle its Business Development and the Hospitals initiatives.
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Registration Fee
Please send an email to admin@princetona.in with name of participant, company, contact details and cheque no. Registration fee is Rs. 6,600 + 10.3 % Service Tax (Service Tax No- AAECP5617MST001) per participant which includes lunch, tea, course material etc. Cheque should be drawn in favour of Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
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Princeton Academy Mumbai II
502 Shalimar Morya Park, Andheri Link Road, Andheri West, Mumbai- 400053.
Tel- 022-66976892, 67256200. Delhi no. 9312715500. Fax- 022-26733060.
email- admin@princetona.in
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