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Level 4 Diploma in Accounting and Business

Working Capital Management

AB405 · Management Accounting — Week 4 of 16

CourseAB405
Week4 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Working Capital Management

  1. Working capital cycle
  2. Inventory management models
  3. Trade receivables and credit control
  4. Cash management and trade payables policy
  5. Inventory Control (part 1) The EOQ Formula- ACCA Management Accounting (MA)
  6. Operating Cycle vs. Cash Conversion Cycle | Financial Statement Analysis
  7. The management of receivables - Change of policy - ACCA Financial Management (FM)

What you will be able to do

  • 2.3 Explain how to apply the techniques for managing working capital management.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain how to apply the techniques for managing working capital management.

Study materials

Videos

  • Inventory Control (part 1) The EOQ Formula- ACCA Management Accounting (MA) · YouTube · OpenTuition · 24 min · for registered students
  • Operating Cycle vs. Cash Conversion Cycle | Financial Statement Analysis · YouTube · Edspira · 7 min · for registered students
  • The management of receivables - Change of policy - ACCA Financial Management (FM) · YouTube · OpenTuition · 21 min · for registered students

Further resources

  • Principles of Finance 2e, ch. 19: The Importance of Trade Credit and Working Capital in Planning · PDF · OpenStax, textbook chapter; pp. 567–598 · for registered students
  • Operations Management (Fanshawe), ch. 13: Inventory Management · Reading · Other, textbook chapter; PDF pp. 565–600 · for registered students
  • Principles of Accounting Vol. 1, ch. 5.3: Current ratio and working capital · PDF · OpenStax, textbook chapter; pp. 272–282 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 3Week 5
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Introduction to Management Accounting
  • Week 2: Cost Accounting and Accounting Integration
  • Week 3: Budgetary Planning and Control
  • Week 4: Working Capital Management
  • Week 5: Non-Current Assets and Depreciation
  • Week 6: Principles of Standard Costing
  • Week 7: Variance Analysis Calculations
  • Midterm: Midterm evaluation
  • Week 9: Evaluation of Standard Costing
  • Week 10: Break-Even and Cost-Volume-Profit Fundamentals
  • Week 11: Applications and Limitations of CVP Analysis
  • Week 12: Applying Management Accounting in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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