Cash and Treasury Management
This unit covers the skills and knowledge that students need in order to be able to identify the movements of cash within the business and make informed decisions on the best course of action to maximise the wealth of the business.
This unit provides a link to the importance of cash management to a business. Accounting technicians may be required to provide management with information that will aid them in making informed executive decisions to control spending, raise finance if and when needed, invest surplus funds and maximise the return on those funds in accordance with risk management. Students will learn to be able to identify non-cash items in the financial information provided and eliminate these using techniques that will monitor the flow of cash into and out of the business.
This unit will provide students not only with an understanding of the theoretical principles of effective cash management but also with the practical skills needed to identify the various options available and to make informed decisions on the most viable course of action.
- Use statistical techniques and financial information to prepare forecasts of cash receipts and payments
- Prepare cash budgets and monitor cash flows within the organisation
- Evaluate the principles of cash management within the context of regulation and government monetary policies
- Evaluate ways of raising finance in accordance with organisational requirements
- Evaluate ways of investing surplus funds within organisational policies