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Accounts Receivable and Credit Policies Management

By: Alpha Partners

Lagos State, Nigeria

31 Jan - 03 Feb, 2017  4 days

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NGN 90,000

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

  • 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

Contents

Credit Policies Management

  • Setting credit policies
  • Approving the credit
  • Developing credit controls

The billing process:

  • Efficient Billing Process Means Faster Collection
  • Preventing the Fatal Mistake: Sending the bill with Errors
  • The use of Technology

The Relationship between Sales and Credit:

  • Developing Good Working Relationships between the two departments
  • Involving sales in the Collection Efforts

The Credit Department and the Customer

  • Establishing a profitable Relationship
  • Meeting the needs of the customer

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 Cycles

Keeping in Control

  • Internal Controls in AR Process
  • AR and the Monthly closing of Accounts

For Whom: Accounts Receivable (AR) Managers, AR Staff, AR and Revenue Accountants, Billing and Collection Officers, AR Specialists and Professional accounting and finance staff who interact with Accounts Receivable

This course is being run by ALPHA PARTNERS in collaboration with The Institute of Chartered Accountant, Lagos Mainland District.

Training Methodology

The training methodologycombines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participants will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

Contact Person

Chris Onwuasigwe, FCA

Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor) Opposite Adekunle BRT Bus-stop, Yaba - Lagos. Jan 31 - 03 Feb, 2017
NGN 90,000.00
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08033045484

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