Accounts receivable is a critical asset of any organization. Once viewed as a basic function, successful organizations have come to realize the importance of providing continual improvement to this vital function and that by doing so it can lead to significant financial and non-financial gains for the organization.
This seminar will provide information on collection activities, types of debtors, payment/non-payment issues and how to establish a positive dialogue. Through interactive role play cases, that contain collection challenges requiring the participants to analyse and formulate collection strategies and resolutions, participants will gain knowledge and understanding of this important function.
By the end of the programme, participants will have learnt:
The Accounts Receivable Function: The four primary components that make up the AR function
Risk Management (Part 1): The function and four elements of credit
Risk Management (Part 2): Secured vs. unsecured credit
Collection and Deductions (Part 1): The function of collections:
Collection and Deductions (Part 2): The types of deductions
Cash Application: The function of cash application
The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations.
Participants will also benefit from customised feedback at the end of the programme and take away the knowledge gained to be transferred at their workplace.
Most of the training’s time will be invested in analysing a real-life case study that will help participants understand how to solve problems in similar situations.
This programme may be approved for CPD units in Accounting Standards. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Professionals requiring CPD units to meet the education requirements for the ICPAC licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in Accounting/Auditing Services, are advised to consider the training subjects in our CPD in Accounting Standards category.
Who Should Attend
The programme is ideal for:
Contact us for Group Registrations of 4 people or more
10% Autumn Early Booking Discount | Valid until 4 September (inclusive)
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