Cash Flow & Treasury Management - Final

CASH FLOW AND
TREASURY MANAGEMENT
PART - 1
https://pratamaindomitra.co.id
LATAR BELAKANG
Kompetensi cash management telah menjadi kata kunci bisnis saat ini.
Kesalahan mengelola kas khususnya dan instrumen likuiditas korporasi
umumnya telah menyebabkan banyak perusahaan tidak likuid lalu rugi dan
akhirnya bangkrut.
Realitas ini bukan hanya terjadi di Eropa, Amerika dan negara maju lain,
tetapi secara khusus telah dan akan terjadi di Indonesia. Kesulitan mengelola
kecukupan kas ditimbulkan lemahnya pengetahuan dalam mengelola kas
secara efektif dan efisien.
TUJUAN PELATIHAN
1. Meningkatkan kemampuan para peserta untuk dapat mengelola sumber dana perusahaan.
2. Mengingkatkan kemampuan peserta untuk mengelola pengeluaran dan penerimaan kas
3. Meningkatkan kemampuan menganalisis arus kas dan mendeteksi permasalahan yang ada
4. Menguasai teknik aplikatif dalam menyusun perencanaan dan pengendalian arus kas
5. Mendeteksi dan mencegah kecurangan arus kas
6. Menguasai teknik pencegahan kerugian akibat transaksi kas dalam mata uang asing
7. Mengelola kelebihan, kekurangan dan kebutuhan kas
KONSEP CASH DAN INSTRUMENT LIQUIDITY DAN
FUND FLOW
Kas (Cash) adalah aktiva lancar yang meliputi uang kertas/logam dan benda-benda lain
yang dapat digunakan sebagai media tukar/alat pembayaran yang sah dan dapat diambil
setiap saat.
Kas Kecil (Petty Cash), merupakan uang yang dicadangkan oleh perusahaan untuk
membayar pengeluaran yang sifatnya rutin tapi jumlah rupiahnya relatif kecil.
Fund flow is the net of all cash inflows and outflows in and out of various financial
assets. Fund flow is usually measured on a monthly or quarterly basis.
TUGAS UMUM MANAJEMEN KAS:
1. Membuat perencanaan (cash forecasting)

2. Mengelola modal kerja (working capital management)
3. Mengelola kas (cash management)
4. Mengelola investasi (investment management)
5. Mengelola risiko (risk management)
Jenis arus kas
CFF –Cash From Financing
CFI –Cash From Investing
CFO –Cash From Operating
CASH FLOW OPERATING DRIVER’S
1. Revenue Growth %
2. Price Change %
3. COGS % (Cost of Goods Sold)
4. Operating Expenses %
5. Days Receivable -days
6. Days Payable -days
7. Days Inventory/Work in Progress -days
ANALISIS ARUS KAS - ANALISA RASIO
• Cash Flow Indicator Ratios: Operating Cash Flow/Sales Ratio
• Cash Flow Indicator Ratios: Free Cash Flow/Operating Cash Flow Ratio
• Cash Flow Indicator Ratios: Cash Flow Coverage Ratio
• Cash Flow Indicator Ratios: Dividend Payout Ratio
ANALISIS -CASH FLOW FROM OPERATION
Operating cash flow is a measure of the amount of cash generated by a

company's normal business operations. Operating cash flow indicates whether
a company is able to generate sufficient positive cash flow to maintain and
grow its operations, or it may require external financing for capital expansion.
Operating cash flows concentrate on cash inflows and outflows related to a

company's main business activities, such as selling and purchasing inventory,
providing services and paying salaries.
INTERPRETASI CFO …
The statement of cash flows reveals how a company spends its money
(cash outflows) and where the money comes from (cash inflows).
We know that a company's profitability, as shown by its net income, is

an important investment evaluator.
It would be nice to be able to think of this net income figure as a quick

and easy way to judge a company's overall performance.
PENGENDALIAN ARUS KAS DGN LAPORAN
One of a company's most important accounts is their cash account. Because of

this, companies need to make sure that they have adequate cash controls in place.
What is cash control?
Cash control is a way to monitor credit, collection, cash allocation and

disbursement policies, as well as invoicing functions.
CASH FLOW MANAGEMENT
PART - 2
PRINSIP UMUM MANAJEMEN KAS
1. A cash-flow plan, perencanaan kas akan mengarahkan ke tujuan bisnis.
2. Live your plan, perencanaan harus memperhatikan dinamika dalam kenyataan.
3. Share your numbers, perencanaan disosialisaikan kepada stakeholders.
4. Have financial scoreboards, miliki alat pantau untuk memastikan arah yang benar.
5. Make tough decisions, lakukan berbagai insiatif strategis yang diperlukan.
6. Stop making excuses, toleransi berlebihan membuat biasnya rencana.
TAHAPAN PERENCANAAN CASH FLOW
Determining
Determining Cash
Revenues COGS, Opex Cash
Cash Inflows Balances
Outflows
SHORT TERM PLANNING
Many business operators will

The process of setting smaller, engage in short term planning
intermediate milestones to that typically covers time
achieve within closer time frames of less than one year in
frames when moving toward order to assist their company
an important overall goal. in moving gradually toward its
longer term goals
MENGELOLA PENGELUARAN DAN PENERIMAAN KAS
Receipts and payments account is a summary of cash

transactions for a period and it is a real account.
Revenues and expenditures account is a summary of

incomes and expenditures like trading and it is a nominal
account
PERIODIC ROLLING FORECAST
A rolling forecast is an add/drop process for predicting

the future over a set period of time.
Rolling forecasts are often used in long-term weather

predictions, project management, supply chain
management and financial planning.
STRATEGIC CASH MANAGEMENT
Cash management is as simple as:

1. Take in as much cash as possible as quickly as you can.
2. Pay your bills on time.
3. Put the remainder back into the business.
CONTOH PROYEKSI
1 2 3 4 5
Jan 100 100 100 100 100
Peb 100 99 99 101 101
Mar 100 98 98 102 105
Apr 100 99 97 103 104
Mei 100 100 96 104 112
Jun 100 99 95 105 110
Jul 100 98 94 106 111
Agt 100 99 93 107 111
Sep 100 100 92 108 112
Ok 100 99 91 109 111
Nop 100 98 90 110 119
Des 100 99 89 111 120
REVENUES & RECEIVABLES MANAGEMENT
Target sales 9,000,000

Sales sekarang 8,000,000
CM Marjin 25%
% rugi tak tertagih dari sales tambahan 6%
Periode penagihan piutang -baru 45 hari
Periode penagihan piutang -lama 30 hari
Tambahan modal kerja u/ beli persediaan 25,000
IRR (Ekspektasi tingkat pengembalian) 15%
Tarif cash discount sales baru 1%
Kemungkinan konsumen yang ambil discount 50%
PURCHASES & PAYMENTS MANAGEMENT
Keperluan setahun 5,000 unit

Harga barang
0 sd 700 5,000 rupiah
701 sd 1500 4,000 rupiah
1501 dst 3,000 rupiah
Biaya per order 200,000 rupiah

Biaya penyimpanan 2,000 rupiah
CASH & FRAUD ANALYSIS
PART - 3
PENYEBAB KECURANGAN KAS
Pressure
Rationalization
Opportunity
CASH LARCENY
When someone commits cash larceny, the fraudster

steals cash from an organization after it has been
recorded on the organization’s books and records
Larceny of cash occurs at cash registers or other cash

collection points, the mailroom, or from deposits in
transit.
SKIMMING
Skimming (fraud) is the theft of cash from a business

prior to its entry into the accounting system for that
company.
Although skimming is one of the smallest frauds that can

occur, they are also the most difficult to detect.
BILLING SCHEME
This is a fraud that attacks the payments system of a

business.
It is designed to cause the business to make a fraudulent

payment to the employee, whilst recording the payment
as a legitimate business expense.
EXPENSE REIMBURSEMENT SCHEME
The creation of a false entity to receive the payments,

or false invoice submitted for paymanet
The manipulation of the payments system so that the

false invoice is approved and the payment is made.
FRAUD PREVENTIONS
Cara pertama
Where possible the separation and rotation of duties

between
• the person making the orders and submitting the invoices for payment;
• the person preparing the cheques and banking records;
• the person recording the transactions in the businesses records; and
• the person signing the cheques
FRAUD PREVENTIONS
Cara kedua
Invoices should be approved by one person and that

person should not draw the cheques or have the
authority to order goods or services.
This person should be completely independent to the

other processes.
FRAUD PREVENTIOS
Cara ketiga
Purchases should be done with pre-numbered purchase

orders. So the control of purchases will be fully
monitored.
All suppliers should be given authorized orders and

invoices should not be authorized for payment unless
they match authorized orders.
CASH FRAUD PREVENTIONS
Cara keempat
Random checks on invoices may locate fictitious entities

being used for billing schemes.
Randomly check the name and addresses of suppliers,

particularly when the only address on the invoices is a
postal address
CASH FRAUD PREVENTIOS
Cara kelima
Using pre-approved suppliers with pre-approved mailing

addresses limits the opportunity of using a fictitious
entity to conduct the fraud.
Any invoice from a supplier that is not pre-approved

should be verified before payment is made.
CASH FRAUD PREVENTIONS
Cara keenam
Audit purchases with pre-approved suppliers to look

for payments to similarly named suppliers.
An approved supplier’s name, or a very similar name,

may be used by a fraudster without their knowledge.
FORWARD HEDGE & MONEY MARKET HEDGE
A forward contract is a customized contract between

two parties to buy or sell an asset at a specified price on
a future date.
A forward contract can be used for hedging or

speculation, although its non-standardized nature makes it
particularly apt for hedging.
PERFORMANCE MEASUREMENT
The fundamental goal of performance management is to promote and

improve employee effectiveness.
It is a continuous process where managers and employees work together

to plan, monitor and review an employee's work objectives and their
contribution to the organization
Terimakasih, Semoga Bermanfaat

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CASH FLOW AND

1. Membuat perencanaan (cash forecasting)

CFF –Cash From Financing

CFI –Cash From Investing

CFO –Cash From Operating

3. COGS % (Cost of Goods Sold)

5. Days Receivable -days

6. Days Payable -days

7. Days Inventory/Work in Progress -days

• Cash Flow Indicator Ratios: Operating Cash Flow/Sales Ratio

• Cash Flow Indicator Ratios: Cash Flow Coverage Ratio

• Cash Flow Indicator Ratios: Dividend Payout Ratio

Operating cash flow is a measure of the amount of cash generated by a

Operating cash flows concentrate on cash inflows and outflows related to a

We know that a company's profitability, as shown by its net income, is

It would be nice to be able to think of this net income figure as a quick

One of a company's most important accounts is their cash account. Because of

What is cash control?

Cash control is a way to monitor credit, collection, cash allocation and

1. A cash-flow plan, perencanaan kas akan mengarahkan ke tujuan bisnis.

2. Live your plan, perencanaan harus memperhatikan dinamika dalam kenyataan.

3. Share your numbers, perencanaan disosialisaikan kepada stakeholders.

5. Make tough decisions, lakukan berbagai insiatif strategis yang diperlukan.

6. Stop making excuses, toleransi berlebihan membuat biasnya rencana.

Many business operators will

Receipts and payments account is a summary of cash

Revenues and expenditures account is a summary of

A rolling forecast is an add/drop process for predicting

Rolling forecasts are often used in long-term weather

Cash management is as simple as:

Target sales 9,000,000

Keperluan setahun 5,000 unit

Biaya per order 200,000 rupiah

When someone commits cash larceny, the fraudster

Larceny of cash occurs at cash registers or other cash

Skimming (fraud) is the theft of cash from a business

Although skimming is one of the smallest frauds that can

This is a fraud that attacks the payments system of a

It is designed to cause the business to make a fraudulent

The creation of a false entity to receive the payments,

The manipulation of the payments system so that the

Where possible the separation and rotation of duties

Invoices should be approved by one person and that

This person should be completely independent to the

Purchases should be done with pre-numbered purchase

All suppliers should be given authorized orders and

Random checks on invoices may locate fictitious entities

Randomly check the name and addresses of suppliers,

Using pre-approved suppliers with pre-approved mailing

Any invoice from a supplier that is not pre-approved

Audit purchases with pre-approved suppliers to look

An approved supplier’s name, or a very similar name,

A forward contract is a customized contract between

A forward contract can be used for hedging or

The fundamental goal of performance management is to promote and

It is a continuous process where managers and employees work together

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