Squeezing Extra Cash Out of Government Operations: The Four Principles of Happy Cash Flow™

Governments are complex with a wide variety of revenue sources. In order to keep providing services to constituents, governments can increase taxes, fees, and fines (an unpopular move with voters) seek grants (involving tedious and requirement ridden paperwork), issue debt (and obligate future taxpayers to choices made today), partner with private entities (risky!), or effectively manage working capital. This course focuses on how government managers can take the least controversial and most practical approach to generating extra resources.

Objectives:

• Identify the benefits of generating cash flow and discuss the costs and benefits of cash flow projection
• Discern how successful organizations apply the principles of Happy Cash Flow™ to generate cash flow
• Analyze the cash flow of various sources of government revenue
• Discuss ideas for managing working capital components including receivables, inventory, and payables
• Create a cash flow forecast

Program level: Beginning

138 pages of text

Instructional method: Self-study text with online quiz

NASBA Category ofStudy: Accounting (Governmental)

Advance preparation: None

Who should attend: Government Accountants

Recommended CPE credit: 4 hours

Cost: $50

This course qualifies for Yellow Book CPE credit.