Explains the difference between accrual accounting and cash flow for interpreting investment analysis.
Programme Overview
This self-paced programme is delivered by our expert Bartosz Tyrała. Investment decisions depend on timing, working capital, and cash flow effects that accrual accounting does not always make visible. This programme explains cash flow terminology and the key elements of investment cash flow models. Learners progress from accrual versus cash flow foundations, through receivables, payables, and inventory dynamics, working capital ratios, and forecasting, to structuring investment cash flow models, identifying incremental cash flows, and understanding the effects of depreciation and taxation. Covering twelve modules, the programme builds the practical understanding required to apply cash flow analysis confidently in investment decisions.
Programme Structure
Key Module 1: Understanding Accrual Accounting vs. Cash Flow
Key Module 2: Net Working Capital: Foundations and Interpretation
Introduces net working capital as a concept for recognising cash tied to operations.
Key Module 3: Main elements of net working capital: Receivables, Payables, and Inventory
Outlines receivables, payables and inventory as main elements of net working capital.
Key Module 4: Receivables and Cash Flow Timing
Clarifies how receivables relate to timing when interpreting cash flow.
Key Module 5: Payables: Managing Cash Outlows Strategically
Explains how payables relate to cash outflows and working capital interpretation.
Key Module 6: Inventory: Cash Lock-Up and Flow
Clarifies inventory as a cash lock-up concept within working capital flow.
Key Module 7: Integrating Working Capital into Cash Flow Analysis
Outlines how working capital concepts connect to cash flow analysis.
Key Module 8: Working Capital Ratios: Efficiency in Focus
Introduces working capital ratios as concepts for recognising efficiency indicators.
Key Module 9: Forecasting Working Capital for Financial Planning
Explains forecasting working capital as part of financial planning terminology.
Key Module 10: Structuring Investment Cash Flow Models
Outlines the purpose and structure of investment cash flow models.
Key Module 11: Identifying and Calculating Incremental Cash Flows
Clarifies incremental cash flows as a concept in investment cash flow analysis.
Key Module 12: Depreciation, Taxation, and Their Effects on Cash Flow
Explains how depreciation and taxation affect cash flow interpretation.
Key features
Business Outcomes
Learners understand core terms for cash flow, net working capital, receivables, payables, inventory and ratios, and explain how timing, accruals and taxation relate to investment decisions accurately.
Is this right for you?
Use this learning when teams need a beginner-friendly explanation of cash flow concepts for investment decisions, without requiring prior finance experience or technical accounting knowledge in place.
Learning Impact
Shared understanding helps learners discuss cash flow concepts with clear terminology and consistent interpretation of working capital, forecasts and financial effects across business decisions today.