Management >> Costing Finance and Accounting

Accounts Receivable: Planning, Organizing & Achieving Best Practice

MF159

Location

Duration

Date

Fee inclusive of VAT

Course Overview

The management of the accounts receivables (debtors) of an organization is essentially just one aspect of the management of the cash flow of that organization. Since organizations cannot survive without adequate cash flows, it follows that the management of accounts receivable is a vital aspect of cash flow management.

Course Objective

  • Actively deal with the fundamentals of accounts payable, financial accounting, and supply chain.
  • Understand and apply the fundamentals of accounts payable systems.
  • Review payment methods and manage and comment on cash.
  • The analysis of the need to merge and enter risk and uncertainty within the analysis of accounts payable.
  • Learn best practices in all industries.

Who Should Attend?

Accounts Receivable Managers, Revenue Accountants, Billing and Collection Officers,Specialists and Professional accounting and finance staff who interact with Accounts Receivable Operators.

Course Outline

  • Accounts Receivable
  • Working capital and cash management
  • Cash management and the bank facility
  • Understanding “the cost of credit”
  • Accounts receivable and effective customers service
  • Customers and Trading Terms
  • Terms of trading
  • Customer credit evaluation
  • Trend analysis
  • Developing effective strategies to maximize cash collection
  • Customer sensitive collection strategies
  • Collection techniques and letter cycle
  • Collection Tools and Techniques
  • Eliminating barriers to payment
  • Good practice in billing management
  • Negotiation skills for successful collections
  • Managing the Receivables Ledger
  • Developing effective internal relationships to maximize performance
  • Setting targets and tracking performance
  • Latest developments in accounts receivable

Training Methodology

  • Presentation & Slides
  • Audio Visual Aids
  • Interactive Discussion
  • Participatory Exercise
  • Action Learning
  • Class Activities
  • Case Studies
  • Workshops
  • Simulation

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy

Upcoming Courses

Contract Management From Principles To

This intermediate-level course is tailored for professionals involved

Read more

Teams Leading & The Development of Inn

This course is designed to enable participants to Identify team stren

Read more

Financial Analysis Using Power BI

In today’s data-driven corporate world, finance professionals a

Read more

Goal Setting, Planning and Decision Ma

Our Goal Setting and Getting Things Done workshop will cover strategi

Read more

Financial Management Professional

In today's dynamic corporate environment, strategic financial man

Read more

Performance Measurement in Government

In today’s evolving public sector landscape, government and pub

Read more

Budget Analysis and Planning

This 5-day intensive corporate training program is designed to enhanc

Read more

International Financial Reporting (IFR

International Financial Reporting (IFRS) is now the global benchmark

Read more