Making Sense of Working Capital and Liquidity Management

Course Date
22 February 2019
Registration Period:
24 January - 08 February 2019
8 hours / 1 day
Friday, 9am to 6pm
Singapore Polytechnic

Course Introduction

There are many PMETs trust into supervisory and managerial roles due to their competence in their primary areas of responsibility like manufacturing, logistics and the likes. Some of these PMETs do not have basic training in finance or accounting but yet they do need such knowledge and skills to function in their roles. For entrepreneurs they have to master a whole set of skills and knowledge to be successful in their enterprise. Financial competence is definitely one of them. Many start-ups and SMEs fail to watch their cash flows and their working capital, and suffer a consequence of liquidity melt-down. There is a demand for basic skills and knowledge on how to make sense of working capital and liquidity for PMEs and entrepreneurs.

Course Objective

This course will provide non-finance executives and new executives who are placed into roles managing finance be equipped with a basic understanding on the role of working capital and liquidity management. They will gain a deeper level understanding on items such as near-cash assets, receivables, inventory, payables, short term financing and how such tools play out in their firm’s business, its impact on returns on capital and value creation.  Principles of finance theory will be introduced to associate working capital to returns on capital and value creation.

Case studies and exercises will be used to illustrate both the theoretical as well as the applied aspects of the course and to provide participants with hands on learning.

Course Outline

By the end of the course, learners will be able to:

• Describe the core elements/components of working capital from financial statements and the asset conversion cycle concept;

• Describe and compute the effects that efficient working capital policies will have on default risk and returns on capital employed/equity value;

• Design optimal working capital solutions/policies within the parameters of an industry the firm is operating in;

• Describe the role of and the various forms of financing products available in managing working capital and their implications.

• Develop policies, decisions to optimise liquidity management in order to minimise default risk and maximise returns to the firm.

Suitable for

PMEs and entrepreneurs who have little or no skills and knowledge in working capital and liquidity management.

Minimum Entry Requirement / Assumed Skills and Knowledge

GCE N Levels and Above.

Participants should have a good grasp of simple mathematics and the workings of a business enterprise.


A Certificate of Performance will be awarded to participants who pass the assessments and meet at least 75% attendance rate.



Course Fees

Course fee after GST: $321


Withdrawal and Deferment

Withdrawal and deferment notice must be made in writing to the Professional & Adult Continuing Education (PACE) Academy, Singapore Polytechnic via email accordingly:

Online Courses -
All other Courses -
For withdrawal cases, the portion of course fee to be refunded is based on the date of notice as follows:



  • 2 weeks before the commencement of the course - Full refund
  • Less than 2 weeks before commencement of the course - 70% refund
  • On or after date of commencement - No refund
There will be no refund or transfer of course once the account has been created.

The Singapore Polytechnic reserves the right to cancel or postpone any of the courses. Applicants will be duly notified and where applicable, the full fees will be refunded.

The Singapore Polytechnic also reserves the right to amend the fees charged or the period and duration of the courses.

The data provided to Singapore Polytechnic will be kept strictly confidential and will be used for the purpose of course administration. The data may be passed on to the relevant organisations that require the information related to the course.


Application Procedure

1. All applications must be made via Online Registration at
Course fees can be paid by the following payment modes:

a) Credit Cards, Internet Banking, NETS (Not Applicable for company sponsored)
For e-payment using Visa/Master cards and Internet Banking, please click on the ‘Make e-Payment’ button on the acknowledgement page to proceed.

b) For NETS payment, you can pay at:
Singapore Polytechnic
PACE Academy

c) Cheques
Please make cheques payable to “Singapore Polytechnic”. Do cross the cheque and write the Registration Reference ID, Applicant Name and NRIC/FIN number at the back of the cheque. When you have completed required details, you may mail the cheque here.

Please note that an administrative charge of $15 will be imposed for any returned cheques from the bank or financial institution.

2. All successful applicants will be notified with a letter of confirmation via email.

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