Best Practice in Accounts Payable and Accounts Receivable

  • Start Date

    28 May, 2019

  • End Date

    31 May, 2019

  • Price

    ₦150,000

Event Details

In this workshop, you will learn how to account for and manage receivables and payables.  For the receivables, you will learn how to calculate a bad debt provision amount based on a company history and using both the aging schedule and the allowance method. On the payable side, you will learn how to make provision for known Liabilities, estimate liabilities such as warranty liabilities and how to plan for the contingent liabilities mostly resulting from legal issues.

 

CONTENT:

Credit Policies Management

· Setting credit policies

· Approving the credit

· Developing credit controls

 

Cash Collection

· Eliminating barriers to payment

· Negotiation skills

· Debt collection

· Legal aspects of collection

 

Harnessing Technology

· Electronic invoicing

·File maintenance and security issues

· Using the internet for AP

 

The Billing Process

· Efficient billing

· Preventing the fatal mistakes

 

Keeping in Control

· Internal control in AR process

· AR and the monthly chasing of

 Accounts

 

Building Relationship

· Customer relationship

· Inter- Department

· Staff relationship

. Profitable relationship

 

FOR WHOM: Accountants, Auditors, Senior and Middle Level Financial Managers, Treasurers, Controllers, sales and marketing manager, Directors/Managers and Treasury Operators, Accounts payable &Receivable manager

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

 

Date:

1ST BATCH: 28th – 31st May, 2019                           

2ND BATCH: 19th – 22nd November, 2019

Other Dates

Start Date End Date
19 Nov, 2019 22 Nov, 2019
Start Date End Date
28 May, 2019 31 May, 2019
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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