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Why Choose this Training Course?
This Accounts Receivable training course provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state of the art levels.
Documented strategies and tactics employed by highly admired companies are presented both successful and unsuccessful to illustrate the real world functionality of each process and approach.
By attending this Accounts Receivable training course, delegates will understand:
The importance of credit to the company and the economy
The “cost of credit” and its impact on company profitability
Practical steps that reduce bad debt losses and “uncollectible” debtors
How to use different tools and techniques to maximize cash collection effort
How to effectively manage cash and working capital to reduce costs and improve cash flow
How leading companies from across the globe are achieving best practice in Accounts Receivable
What are the Goals?
This Accounts Receivable training course aims to enable participants to achieve the following objectives:
Work effectively with the fundamentals of accounts receivable, financial
Accounting and working capital optimisation
Understand and apply the fundamentals of Accounts Receivable systems
Review and comment on collection methods and cash management
Analyse the need to incorporate risk and uncertainty in to accounts receivable analysis
Identify best practice across all industries
Who is this Training Course for?
WHO SHOULD ATTEND?
This Accounts Receivable training course provides a user-friendly environment to develop the knowledge and techniques related to accounts receivable that are valuable for:
Finance Executives and Professionals
Accounts Receivable Managers
Accounts Receivable Supervisors
Accounts Receivable Personnel
Others who are working within accounts receivable process or who wish to develop a practical toolkit to complement their existing professional or technical skills
How will this Training Course be Presented?
This Accounts Receivable training course will provide the theoretical background and techniques that underpin the organisation and management of accounts payable and its related functions. It will provide a real world practical context by incorporating worked examples and case studies that delegates will see how theory applies in practice and can discuss the various issues raised.
Day One: An Introduction To Accounts Receivable
Working Capital and Cash Management
Understanding “the cost of credit”
The ‘order to cash’ process
Understanding “risk” in “credit”
Accounts Receivable and effective customer service
Identifying under-performing areas to increase customer satisfaction
Day Two: Customers And Trading Terms
Terms of trading
Tools and techniques of financial analysis: ratios; trends; common size analysis
The best performance measure – cash or profit?
Financial distress and the Altman’s Z score-type analyses
Value added analysis of financial statement
Day Three: Developing Effective Strategies To Maximise Cash Collection