Accounting and Management of Accounts Payable and Accounts Receivable for Higher Efficiency Virtual Course

  • Time

    10:00am - 1:00pm

  • End Date

    23 Nov, 2020 - 25 Nov, 2020

  • Price

    ₦175,000

Event Details

How accounts payable and accounts receivable managed can make a great difference in the fortunes of organizations. In fact poor management will lower profitability increase, fraud, cashflow problems, litigations, loss of revenue, poor corporate image, multiple payments, have bad debt burden and working capital inadequacy.

 

CONTENT

Accounts Payable

· Developing the Corporate Payment Policy

· Effective Controls for Reducing duplicate Payments

· Fraud and Wasteful Spending

· Building Safety Nets into the Processing System that

· Guarantee that Bills get paid on Time

· Identifying and Stopping Padded and Inflated Bills

· Early Payment Discounts: When are they a good deal?

· Tips for Negotiating Excellent Payment Terms

· Ensure that value is received for every Payment

· Identifying Areas of Fraud in Accounts Payable Management

 

Accounts Receivable

· Basic Concepts and Need for Receivables Management

· Evaluation of Credit Policy of your Organization

· Identify and Avoid Potential Bad Debtors from the beginning

· Conduct Age Analysis of your Debtors

· Overcome Debtors’ Excuses, Lies and Complaints

· Deal with Abusive, Angry Customers without Losing your Cool

· Restructure a Repayment Programme when there is difficulty

 

FOR WHOM:

Executive Management, Accountants, Credit Policy Makers, Customer Service Managers, Auditors, Treasurers, Credit Managers, Purchasing and Supplies Managers, Collection Managers, Sales Managers, Marketing Managers and other Senior to Middle Management staff who perform related functions.

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions 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.

 

Note:

Payment should be made and confirmed at least 3 days before the commencement date of the course.

 

Date:

1ST BATCH: 7th – 9th September, 2020                     

2ND BATCH: 23rd – 25th November, 2020

Other Dates

Start Date End Date
07 Sep, 2020 09 Sep, 2020
Start Date End Date
23 Nov, 2020 25 Nov, 2020

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