Liquidity & Cash Flow Forecasting

Liquidity & cash flow forecasting" Module is part of "Certified Credit Risk Officer (C-CRRO)" and "Certified Credit Controller" training programs.


The current global environment and the economic climate have given rise to the need for a constant increase in the need for experienced professionals in building forecasting models, since enterprises are required to predict different scenarios about the future in order to better adapt to an unstable and uncertain environment.
In this seminar, you will learn cash flow and working capital management to maximize the use of cash. You will also learn how to prepare cash flow statements under direct and indirect methods in addition to accurate cash flow forecasting and analysis techniques, appreciate the importance of cash flow generation, construct cash flow statements for forecasting purposes using the income statement and the balance sheet.
In addition, you will construct forecast cash flow models in excel and use sensitivity analysis to understand the potential impact of risk crystallization on the company’s ability to service its debts, understand why cash flow and the debt-service coverage ratio (DSCR) is the prime financial ratio in understanding a company’s ability to honour its debts, assess how company liquidity and cash flow generation and use cash flows to assess the impact of company strategy on the ability of the company to generate cash flows going forward.

Target Audience

  • Chief Financial Officers, Credit Rating Managers, Accountants, Financial advisors and Financial analysts
  • Entrepreneurs with moderate experience in the preparation of financial models, who wish to improve their skills in financial decision making.
  • Financial controllers, Working capital managers, treasury professionals
  • Business development managers

Subject Areas

Importance of cash flow
  • Accounting for cash, motives behind the Increasing regulatory emphasis on cash flow-based lending
  • Why cash flows matter to managers and to debt and equity providers
  • Why cash flow analysis reveals more than income statement and balance sheet analysis
  • The difference between cash flow and profit, identifying Non-cash items and timing differences
Cash flow statements
  • Constructing the cash flow statement 
  • Analyzing historic cash flow statements 
Cash flow ratios and management
  • Performing and interpreting cash flow ratios 
  • Understanding the priority of cash flows 
  • Identification and management of cash flow problems 
Cash budgeting
  • Explaining the impact of working capital on cash flow 
  • Preparing cash budgets 
Sensitivity analysis
  • Using sensitivity analysis of a project’s key sales and costs assumptions to assess the impact of risk events on the company’s ability to service debt
Financial Model
  • Preparing a financial model
  • Developing a financial model to forecast cash flows
Forecasting the key figures of the Profit and Loss Account and the Balance Sheet
  • Forecasting techniques (linear regression, non-linear methods).
  • Revenues, expenditure, investments, depreciation and amortization, borrowings.
  • Indirectly building the Cash Flow Statement
Case study
  • Practical application involving all subject areas via case studies

What you will learn

  • You will become familiar with building the three financial statements (Profit and Loss Account, Statement of Financial Position, and Cash Flow Statement) and interlinking them.
  • You will understand the evaluation method of companies and learn the relevant multipliers and (evaluation) models.
  • You will become familiar with uncertainty management methods by building various scenarios about the future.
  • You will learn how to evaluate the parameters that are more important for specific financial key performance indicators (KPIs) and make remedial decisions to improve them.
  • Recognize the importance and elements of an organization's cash flow and apply ratio analysis.
  • Describe the impact of working capital management on cash flow.
  • Analyze liquidity and the cash flow position of organizations including free cash flow. 
  • Review cash flow key presentation topics and apply cash flow forecasting techniques.
  • Understand the difference between the Indirect and Direct methods of cash flow statements.
  • Understand why EBITDA does not spell cash flow and distinguish cash flows from operations, investing and financing.
  • Use of the debt service coverage ratio as the principal credit risk ratio from forecast cash flow analysis.
  • Use proxy ratios (for DSCR) include debt to EBITDA and their limitations.

Seminar Timetable

1st & 2nd Teaching Hour
3rd & 4th Teaching Hour
27th of November
18.30 - 20.00
20:00 - 20:15
20:15 - 21:45
2th of December
18:30 - 20:00
20:00 - 20:15
20:15 - 21:45
4th of December
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45
6th of December
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45
10th of December
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45

Course Start Date
27 of November 2024

Cost of Attendance

1.000 €
  • 20 Hours
  • Live Online
  • Attendance Certificate


Epameinondas <br/>Katsikas PhD, FHEA, CMBE
Katsikas PhD, FHEA, CMBE
Lecturer in Accounting at Kent Business School
Chris <br/>Grose PhD
Grose PhD
Assistant Professor in International Hellenic University
Dr Nikos <br/>Tsileponis
Dr Nikos
Lecturer in Accounting at the University of Bristol