What does the Accounts Receivable course cover?
Accounts Receivable is covered here in 8 modules: Introduction to Accounts Receivable: Accounts receivable cycle, Types of accounts receivable, Financial Statements and Accounts Receivable: Balance sheet and accounts receivable, Credit Management: Credit risk management, Credit limits and terms and 5 more. The outline lists 31 specific topics, opening with definition and importance of accounts receivable and closing with group discussions and activities.
How do you approach Accounts Receivable step by step?
The work is sequenced in 8 stages. It starts with Introduction to Accounts Receivable: Accounts receivable cycle, Types of accounts receivable, moves through Financial Statements and Accounts Receivable: Balance sheet and accounts receivable and Credit Management: Credit risk management, Credit limits and terms, and ends at Case Studies and Real-World Applications: Group discussions and activities.
What is in Module 1 of the Accounts Receivable course?
Module 1 is Introduction to Accounts Receivable: Accounts receivable cycle, Types of accounts receivable. It works through definition and importance of accounts receivable, types of accounts receivable, accounts receivable cycle and 1 more. It sets the vocabulary the remaining 7 modules build on.
How is the Accounts Receivable course delivered?
The Accounts Receivable course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.
How much does the Accounts Receivable course cost?
The Accounts Receivable course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.
Closely related courses: Accounts Receivable Toolkit, Accounts Receivable Financing Toolkit, Accounts Receivable in Sales Kit, Accounts Receivable in Revenue Cycle Applications.
More answers: what you get with every course, refund policy, all help answers.
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: Accounts receivable cycle, Types of 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
- 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 risk management, Credit limits and terms
- Credit policy and procedures
- Credit evaluation and approval
- Credit limits and terms
- Credit risk management
Module 4. Collections Management: Collections process and procedures, Collections metrics and benchmarks
- Collections process and procedures
- Communication strategies for collections
- Negotiation and conflict resolution
- Collections metrics and benchmarks
Module 5. Accounts Receivable Metrics and Benchmarks: Bad debt percentage, Days sales outstanding (DSO)
- Days sales outstanding (DSO)
- Average days delinquent (ADD)
- Bad debt percentage
- Collections effectiveness index (CEI)
Module 6. Best Practices for Accounts Receivable Management: Conducting regular credit reviews
- 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: Supply chain finance
- Factoring and invoice discounting
- Accounts receivable financing
- Supply chain finance
- Accounts receivable insurance
Module 8. Case Studies and Real-World Applications: Group discussions and activities
- 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