Management >> Costing Finance and Accounting

The New Methods & Means to Manage & Collect Revenues

MF162

Location

Duration

Date

Fee inclusive of VAT

Course Overview

This Training course provides delegates with the skills necessary to maximise the cash collection effort of their organization.
Cash is the lifeblood of enterprise. Its sourcing and management comprise the single most important endeavour in business.

Course Objective

  • The role of effective Revenue Collection
  • The importance of effective billing management processes and the impact of the new VAT legislation
  • Key collection tools, tips and techniques
  • How to develop effective collection strategies
  • How to maximise revenue collection team performance

Who Should Attend?

  • Collections Team Leaders & Senior Supervisors
  • Accounts Receivable and Credit Team
  • Billing Team
  • Accountants
  • Financial Controllers

Course Outline

  • Introduction to financial accounting and revenue collection.
  • Accounting theories and fundamentals.
  • Elements of the accounting system for revenue collection.
  • Double entry method and budget equation
  • Accounting tab and documentary components in revenue collection.
  • Balance of audit of revenues and expenses
  • Cash flows and analysis.
  • Closing accounts and preparing final accounts for revenues.
  • Developing skills related to written and oral reporting on revenues.
  • The quality of information that helps in revenue collection.
  • Presenting the latest developments in the field of collection and maturity.
  • Key Collection Tools and Techniques
  • Developing Effective Strategies to Maximise Cash Collection

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

Introduction to Project Management

Transportation activities can account for over 70% of an organization

Read more

Budgeting, Planning & Management Repor

Budgeting lies at the heart of business management, yet businesses of

Read more

Supply Chain & Logistics Management

This seminar is aimed at both suppliers and buyers who need an overvi

Read more

Executive Assistance Skills

Although managers are becoming more and more autonomous with the curr

Read more

Finance for Non-Finance Professional

Knowledge of basic financial principles is critical to succeeding at

Read more

Strategic Thinking, Analysis & Busines

In today’s world middle and senior level managers are faced wit

Read more

Goal Setting, Planning and Decision Ma

Our Goal Setting and Getting Things Done workshop will cover strategi

Read more

Cost Estimation & Budgeting

Cost estimates are summary figures for a project. Cost budgets alloca

Read more