Accounts Receivable & Credit Policies Management

Start Date: 18 Aug 2024
End Date: 22 Aug 2024
Duration: 5
Fees:
Country: Dubai / UAE
Category: Finance, Accounting & Investment
Details:

Course Objective

 

By the end of the program, participants will be able to:

·         Define the function of Accounts Receivable (AR) and its role in organizations.

·         Run the Accounts Receivable process more efficiently.

·         Apply tools and techniques to effectively monitor AR performance.

·         Develop effective credit policies that meet company's objectives.



 

Who Should attend?

Accounts Receivable (AR) department managers, AR staff, AR and revenue accountants, billing and collection clerks, AR specialists, and professionals in accounting and finance who interact with Accounts Receivable.


Course Outline

 

Credit Policies Management

·         Setting Credit Policies

·         Approving the Credit

·         Developing Credit Controls

·         The Need for Accounts Receivable

·         The Level of Accounts Receivable Companies Should Have

The Billing Process

·         Efficient Billing Process Means Faster Collection

·         Preventing the Fatal Mistake: Sending the Bill with Errors

·         The Use of Technology

You Made the Sale, It's time to Collect your Money

·         Cash: It's Worth your Efforts

·         Techniques for Faster Collection

·         Payment Processing Options

The Relationship Between Sales and Credit

·         Developing Good Working Relationships Between the Two Departments

·         Involving Sales in the Collection Effort

Accounts Receivable Process Analysis

·         Best Practices in Accounts Receivable (AR)

·         AR Process Improvement

·         Improving Quality of Accounts Receivable

·         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)

·         Collection Effectiveness Index (CEI)

·         Analyzing the Operating and Cash Cycle


The Kuwait Institute For Career Development