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Accounts Receivable and Credit Policies Management

Fine Falcon Solutions
Course summary
5 days
2,950 USD
English
Open / Scheduled
Next available date: Contact Us - Abu Dhabi
Course Dates
Abu Dhabi
Contact Us  (English)
Dubai
Contact Us  (English)
2,950 USD
Islamabad
Contact Us  (English)

Course description


This program is designed to give you guidance about the latest credit policies. This training program has been planned out keeping in mind both the traditional and up to the minute trends and requirements of the given field. This makes the course an ideal learning opportunity for all of its participants. Please make a note that a custom proposal can also be acquired, if you have different training requirements for your team.

Who is it for?


If you are one of the following, then this course is perfect for you: Accounts Receivable (AR) department managers, AR and revenue accountants, credit officers, credit managers, AR staff, billing and collection clerks, professionals in accounting, finance, operations and sales who interact with Accounts Receivable, Credit Department and AR specialists.

Learning Objectives


This course aims at give you the capability to:
  • Create effectual credit policies that meet organization's goals
  • Use financial and non-financial analysis to assist in making the credit decision
  • Define Accounts Receivable (AR) function and its importance in companies/organizations
  • Preserve effective collection policy to make sure gifts are being converting into money
  • Assess the Accounts Receivable procedures and put them into best practice
  • Apply tools and techniques to efficiently monitor AR performance

Course Outline


Module-I
  • The Five C's of Credit
  • Credit Policies Management
  • Credit Department Responsibility
  • Non-Financial Factors Affecting Credit Decision
  • Outline of a Credit Policy
  • Credit Department Mission
  • Factors Affecting Credit Policies
Module-II
  • Credit Department Objectives
  • Roles and Responsibilities
  • Procedures
  • Measuring Results
  • Review New Accounts
  • Assessing Selected Financial Ratios
  • Re-Evaluate Existing Accounts
  • Financial Statements: What to Look for
Module-III
  • Setting the Credit Limit
  • Building a Lucrative Relationship with the Customer
  • Preventing the Fatal Mistake: Sending the Bill with Errors
  • Technology Usage
  • Meeting the Needs of the Customer
  • The Billing Process
  • Impact of Up Front Operations on Billing
  • Best Practices in Billing
  • Efficient Billing Process Means Faster Collection
Module-IV
  • The Sale Has Been Made, Now, It's Time to Collect Your Money
  • Cash: It's Worth your Efforts
  • Tips, Techniques and Guidelines for Faster Collection
  • Breaking the Ice
  • 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
  • Maintaining Credit-Sales Relationship
Module-V
  • Accounts Receivable Process Analysis
  • Improving the Quality of Accounts Receivable
  • Role of Sales in Issuing Credit and in Collection
  • Aging of Accounts Receivable and Bad Debts Reserves
  • Alternatives in Computing Bad Debt
  • Reducing Bad Debt Write-Offs
  • Calculating Accounts Receivable Turnover
  • Calculating Days Sales Outstanding (DSO)
  • Calculating Best Possible Days Sales Outstanding (BPDSO)
  • Collection Effectiveness Index (CEI)
Module-VI
  • Analyzing the Operating and Cash Cycles
  • Managing AR through Portfolio Strategy
  • Analyzing the Size, Composition and Complexity of AR Portfolio
  • Segment the Portfolio
  • Formulate an Approach for Specific Segments
  • Keeping in Control
  • Internal Controls in AR Processes
  • AR and the Monthly Closing of Accounts
  • Outsourcing of Accounts Receivable Functions

About provider

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Fine Falcon Solutions

Fine Falcon Solutions is a consulting firm that works on a global level to provide leading businesses development solutions to move forward and succeed in their respective professional fields. Fine Falcon focuses on providing such courses that bring the best...


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Contact info

Fine Falcon Solutions

Office No. 804
B2B Tower
Dubai

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finefalcon.com


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