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Accounts Receivable and Credit Policy in Receivable Management


Program Place: Dubai

Program Date: 11.11.2024

Price: $4900

Course Details


Introduction

Accounts receivable is an important aspect of a businesses’ fundamental analysis. Accounts receivable is a current asset so it measures a company’s liquidity or ability to cover short-term obligations without additional cash flows.

 

This Accounts Receivable and Credit Policies Management program will enable you to create up-to-date credit policies under the guidance of methods and outlines provided.

 

The training program outline is up to date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area. A customised proposal can also be arranged, to suit the training requirement of your team..

Objectives

By the end of the Accounts Receivable and Credit Policy in Receivable Management Course, participants will be able to:

 

    Develop effective credit policies that meet a company’s objectives
    Use billing best practices techniques
    Employ effective collection policies
    Partner with the sales force for the benefit of the company
    Evaluate the accounts receivable process and implement best practices
    Apply tools and techniques to effectively monitor AR performance.

Who Should Attend ?

This Accounts Receivable and Credit Policy in Receivable Management Course ideal for: 

 

    Accounts Receivable (AR) department managers,
    Credit managers,
    AR staff, AR and revenue accountants,
    Credit officers, billing and collection clerks,
    AR specialists, and professionals in accounting, finance, operations
    Sales who interact with Accounts Receivable and Credit Department..

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Course Outline


days course


Credit Policies Management
    Credit Department Responsibility
    Factors Affecting Credit Policies
    The Need for Accounts Receivable
    The Level of Accounts Receivable Companies Should Have
    The five Cs of credit
Credit Department Objectives
    Roles and Responsibilities
    Procedures
    Measuring Results
    Review New Accounts
    Re-Evaluate Existing Accounts
    Financial Statements: What to Look for
    Analysing Selected Financial Ratios.
Setting the Credit Limit
    Establishing a Profitable Relationship with the Customer
    Meeting the Needs of the Customer
    The Billing Process
    Efficient Billing Process Means Faster Collection
    Preventing the Fatal Mistake: Sending the Bill with Errors
    The Use of Technology
    Impact of Up Front Operations on Billing.
You Made the Sale, It’s Time to Collect Your Money
    Cash: It’s Worth your Efforts
    Tips, Techniques and Guidelines for Faster Collection
    Importance of Setting a Collection Policy
    Using Different Approaches in Collection
    Strategies in Dispute Management
    Best Practices in Collection
    The Relationship Between Sales and Credit
    Breaking the Ice
    Maintaining Credit-Sales Relationship.
Role of Sales in Issuing Credit and in Collection
    Accounts Receivable Process Analysis
    Improving the 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
    Collection Effectiveness Index (CEI)
    analysing the Operating and Cash Cycles
    Managing AR through Portfolio Strategy
    Outsourcing of Accounts Receivable Functions.