MANAGING AND ORGANIZING ACCOUNTS RECEIVABLE

Accounts receivable is an important asset of any organization. Organization which would like to be seen as successful need to realize the value and meaning of providing constantly developing this vital function and that in this way, it can lead to significant financial and non-financial benefits for the organization. This course will help you to acquire the essential knowledge from managing and organizing accounts receivable, priceless if you would like to assist better your organization in meeting its goals and objectives.

 

Who Takes This Course

Participating in the course is an excellent idea for developing knowledge and techniques related to accounts receivable and will be valuable fo accountants, finance managers, credit control staff, accounts receivable employee and all those who are working within accounts receivable process and wishing to enhance a practical toolkit to complement their existing professional or technical skills

 

Course Structure

• Admission
• Function of accounts receivable
• The four primary components that make up the AR function
• Risk Management – function elements of credit
• Secured vs. unsecured credit
• The methods used to identify risk & minimize risk
• Collection –  methods
• Deductions – types
• The function of cash application
• Legal aspects of AR
• Record retention and destruction
• Bankruptcy
• Summary