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Mastering Accounts Receivable; A Step-by-Step Guide to Efficient Management

Mastering Accounts Receivable; A Step-by-Step Guide to Efficient Management

$199.00
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Mastering Accounts Receivable: A Step-by-Step Guide to Efficient Management



Course Overview

This comprehensive course is designed to equip participants with the knowledge and skills needed to efficiently manage accounts receivable. Through interactive lessons, real-world applications, and expert instruction, participants will learn how to optimize their accounts receivable processes, reduce bad debt, and improve cash flow.



Course Objectives

  • Understand the fundamentals of accounts receivable and its importance in business operations
  • Develop effective strategies for managing accounts receivable
  • Learn how to analyze and interpret financial statements related to accounts receivable
  • Improve cash flow and reduce bad debt through efficient accounts receivable management
  • Apply best practices for credit and collections management
  • Develop a comprehensive understanding of accounts receivable metrics and benchmarks


Course Outline

Module 1: Introduction to Accounts Receivable

  • Definition and importance of accounts receivable
  • Types of accounts receivable
  • Accounts receivable cycle
  • Key players in accounts receivable management

Module 2: Financial Statements and Accounts Receivable

  • Balance sheet and accounts receivable
  • Income statement and accounts receivable
  • Cash flow statement and accounts receivable
  • Financial ratio analysis and accounts receivable

Module 3: Credit Management

  • Credit policy and procedures
  • Credit evaluation and approval
  • Credit limits and terms
  • Credit risk management

Module 4: Collections Management

  • Collections process and procedures
  • Communication strategies for collections
  • Negotiation and conflict resolution
  • Collections metrics and benchmarks

Module 5: Accounts Receivable Metrics and Benchmarks

  • Days sales outstanding (DSO)
  • Average days delinquent (ADD)
  • Bad debt percentage
  • Collections effectiveness index (CEI)

Module 6: Best Practices for Accounts Receivable Management

  • Implementing a credit and collections policy
  • Conducting regular credit reviews
  • Utilizing technology for accounts receivable management
  • Developing a collections strategy

Module 7: Advanced Topics in Accounts Receivable Management

  • Factoring and invoice discounting
  • Accounts receivable financing
  • Supply chain finance
  • Accounts receivable insurance

Module 8: Case Studies and Real-World Applications

  • Real-world examples of accounts receivable management
  • Case studies of successful accounts receivable management
  • Group discussions and activities


Certificate of Completion

Upon completion of this course, participants will receive a certificate issued by The Art of Service, demonstrating their expertise in accounts receivable management.



Course Features

  • Interactive and engaging lessons
  • Comprehensive and up-to-date content
  • Expert instructors with real-world experience
  • Personalized learning experience
  • Flexible learning schedule
  • User-friendly and mobile-accessible platform
  • Community-driven discussion forums
  • Actionable insights and hands-on projects
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking
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