Practical Tips to Get Through A Cash Crisis

Overview

We all know what we would like to do and achieve, but how realistic are those expectations — Are your clients — goals and objectives truly attainable — Do you feel like you can help your clients accomplish their financial planning goals — This session focuses on developing real-world applications in a new era’The Roaring 20s. This past year, we’ve experienced swings in the market and other critical financial issues that have impacted our clients. Being prepared is crucial! Similar comparisons have been made to the Roaring 20s of the last century. The economic game may change positively and negatively during the decade and it is more important than ever to help us relay the importance for our clients to stay focused.

Highlights

• Negotiating with suppliers
• How to talk to your employees and cut payroll costs
• Your bank and the crisis
• Alternative financing options
• Key advantages and watch-outs on some government programs that help
• Cost-cutting ideas
• Ethics in a cash flow crisis
• Tricky situations that arise
• Getting outside the box for solutions

Prerequisites

Business Experience

Designed For

CPAs, CFOs and other financial professionals

Objectives

• Identify useful tips for businesses facing a cash crisis
• Identify the attitude required
• Determine how to negotiate with suppliers
• Choose strategies to talk to your employees and cut payroll costs
• Recognize how to deal with your bank in the crisis
• Choose alternative financing options
• Select cost-cutting ideas
• Choose an ethical approach in a cash flow crisis
• Show how to get outside the box for solutions
• Choose stress reduction approaches

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.