In view of continued dependency on faculties to update course content and various other macro factors, ApnaCourse Online Courses will be shut down from Dec 15th 2022. Only Exams by ApnaCourse will continue. We thank you for the patronage to our courses since 2013. We shall revisit online learning with a different business model in due course.

Working Capital

This is a comprehensive online course on working capital management delivered by a leading finance expert and a Chartered Accountant. The course covers Miller Orr Cash management model of 1966, management of payables, receivables, floats, lock box systems, cash balance, pledging and more
Course Faculty
Mr. N Raja CA
Practising CA, PGDBA-Finance with Experience in Credit, Project Finance & Risk more>>
Basic Course Offerings
42 Lecture Topics
6+ Hours of Video Lectures
Course Specials
Interactive Discussion Forum
Course Completion Certificate
Final Exam - WCM
Basic Plan

  • 3 days Free access to Basic Course Offerings covering HD Video Lectures delivered by Industry Experts.
  • Videos may contain ads
Enrol Now
EFY Times
Standard Plan

  • 180 days access to basic course offerings covering HD video lectures
  • Course specific discussion forum for anytime doubt resolution
  • Ad-free Videos
  • Course Completion Certificate
  • Final Exam - WCM
USD 40/USD 33.33
Enrol Now
Enterprise Plan

  • Ideal for multiple participants.
  • Single payment option for instant multi user on-boarding.
  • Attractive discounts on bulk purchases.
  • Option to include white labelled LMS with custom dashboard report.
  • Multi course selection available.
Course Overview
This is a comprehensive online course on working capital management delivered by a leading finance expert and a Chartered Accountant. The course covers Miller Orr Cash management model of 1966, management of payables, receivables, floats, lock box systems, cash balance, pledging and more.

Course Curriculum
1 Introduction to WC management Preview 03:54
2 Optimum Working Capital 02:19
3 Current Assets to Fixed Asset Ratio and Liquidity Vs Profitability 01:36
4 Example for Liquidity Vs Profitability 04:48
5 Working Capital Cycle Introduction 03:27
6 Holding Period Computation 03:38
7 Different Kinds of Float 00:47
8 Lock Box System 01:54
9 Management of Cash Collection and Disbursements 00:51
10 Miller Orr Cash Management Model 1966 01:51
11 Opitmum Cash Balance 05:28
12 Treasury and Cash Management 06:01
13 Management of Marketable Securities 01:21
14 Management of Payables 07:40
15 Management of Receivables 06:05
16 Monitoring of Receivables 01:51
17 Innovations in Receivable Management 10:16
18 Pledging and Factoring 02:38
19 Cash Management and Types of Budgets 04:07
20 Format of Cash Budget 00:48
21 Working Capital 13:48
22 Estimation of Working Capital 05:49
23 Estimation of Working Capital (Single and Double Shift) 18:43
24 Estimation of Working Capital on Cash Cost Basis 13:57
25 Changes in Financial Position on Working Capital and Cash Basis 20:20
26 Working Capital estimation on cash cost basis 17:12
27 Estimation of Working Capital 16:16
28 Estimation of Working Capital 18:56
29 Estimation of Working Capital 14:31
30 Cash cycle and savings 05:06
31 Inventory Management 08:02
32 Factoring 04:09
33 Extension of Credit Period 06:19
34 Seleciton of Credit Option 04:26
35 Interpretation on Credit Period 04:32
36 Optimum Cash Balance 01:49
37 Cleared Funds Forecast 19:51
38 Detailed Cash Budget 16:23
39 Detailed Cash Budget 15:56
40 Cash Budget and Projected Profit and Loss Account 06:50
41 Cash Budget and Fund Flow Statement 16:56
42 Cash Budget Additional Borrowings and Proforma Balance Sheet 14:29
Final Exam - WCM  

Eligibility Criteria
This course is ideal for finance professionals and post graduate students in finance who want to understand working capital management. WC management is important in key finance decisions and needs a thorough understanding.

Ratings & Reviews
Mr. Anand CP
Very Good

What a fantastic way of teaching!

Frequently Asked Questions

There are no limitations in accessing the course. You can assess the course through the web ( on any device

Most courses are self paced courses with a free access of 30 days. The 30 days access (basic plan) is only on the videos. To extend access by 180 days or to get course specials like question bank, course completion certificate, exam etc, you will have to enrol into the standard (paid) plan.

Yes. If your access to a course expires, you can extend that through an online payment and continue from where you left of.

We engage only experienced and certified faculties for each course. Each faculty has decades of relevant teaching / training experience that they bring to ApnaCourse. For details of our faculty partners, please visit the Faculty section in the website.

We offer a course completion certificate on most courses. This certificate is jointly given by our partner trainer or training instiute who delivered the course.

For any course specific doubts, there is an Online forum on ApnaCourse called Social Circle for every Course. Access to the Social Circle is available only in the paid plan. Post your questions there and an expert would be able to respond to it. For general payment or enrolment related information, please email at

Pl visit our detailed FAQ section at If you still have doubts, feel free to email at

Course Expert
Mr. N Raja CA
A Practicing Chartered Accountant with tonnes of passion for teaching. He also holds a PGDBA - Finance from Symbiosis SCDL and a B.Com., from Loyola College, Chennai.

He has worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which he started his own CA Practice. During the stint in SBI, he gained good experience in Mid Corporate Credit Analysis, Project Finance, Risk Assessment, etc.

He has handled various sessions on
a) Project Finance
b) Credit Risk Assessment
c) Entrepreneurship Development
All batches are currently full