Accounts Receivables and Credit Policies Management

Date Format Fees  
19 Jun - 21 Jun, 2024 Classroom ₦250,000 Register
26 Nov - 29 Nov, 2024 Classroom ₦250,000 Register
19 Jun - 21 Jun, 2024 Classroom ₦250,000 Register

Event Details

By the end of the program, Participants will be able to:

         · Run the Accounts Receivable process more efficiently

         · Apply tools and techniques to effectively monitor AR performance

         · Develop effective credit policies that meet company’s objectives

 

Content

Credit Policies Management

· Setting credit policies

· Approving the credit

· Developing credit controls

 

The billing process:

· Efficient Billing Process Means Faster Collection

· Preventing the Fatal Mistake: Sending the bill with Errors

· The use of Technology

 

The relationship between sales and credit:

· Developing Good Working Relationships between the two departments

· Involving sales in the Collection Efforts

 

The Credit Department and The Customer

· Establishing a profitable Relationship

· Meeting the needs of the customer

 

Accounts receivable process analysis:

· Best practices in Accounts Receivable (AR)

· AR Process Improvement

· Improving Quality of Accounts receivable

· Aging of accounts receivable and bad debts reserves

· Alternatives in computing bad debt

· Reducing bad debt write-offs

· Calculating Accounts Receivable Turnover

· Calculating Days sales outstanding (DSO)

· Collection Effectiveness Index (CEI)

· Analyzing the Operating and Cash Cycles

 

Keeping In Control

· Internal Controls in AR Process

· AR and the Monthly closing of Accounts

 

FOR WHOM:

Accounts Receivable (AR) Managers, AR Staff, AR and Revenue Accountants, Billing and Collection Officers, AR Specialists and Professional accounting and finance staff who have  Accounts Receivable responsibilities.

 

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.

 

  • Venue

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

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