Accounts Receivables and Credit Policies Management Virtual Course

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.

DATE:

1ST BATCH: 17th – 19th Jan, 2022            

2ND BATCH: 12th – 14th July, 2022