Account Receivable & Credit Control Management

INTRODUCTION

While Sales are important to companies, it is also important for all credit sales to be collected on a timely basis with minimal bad debt losses. Managing this important task has never been easy. This workshop will show participants the important functions of Accounts Receivable Management, define and implement clear credit policies, understand and interpret the fundamental information presented in financial statements.  It will show participants how to set, evaluate and manage risk of credit policy, monitor, and improve accounts receivable outstanding and improve the effectiveness of the collection process.

OBJECTIVES

After attending this course, participants would be able to:

• Effectively participate at any stage of the accounts receivable function.
• Understand the process of evaluating credit.
• Understand and analyse financial statements.
• Set appropriate credit limits.
• Implement effective collection techniques.
• Control and monitor accounts receivable.
• Evaluate changes in credit policy

TARGET PARTICIPANT

Any personnel who are involved directly or indirectly with the responsibilities of sales, marketing, credit approval, credit review and collection, including personnel in the following departments:

• Accounts Receivable/Credit control
• Accounts/Finance
• Sales and Marketing
• Other personnel in other departments who are working directly or indirectly at any stage in the accounts receivable & credit control process.

NOTE: SIMPLE CALCULATOR REQUIRED

COURSE CONTENT

MODULE 1 INTRODUCTION

UNDERSTANDING FINANCIAL STATEMENTS

MODULE 2 COMMON TERMS USED IN FINANCIAL STATEMENTS

MODULE 3 ANALYSING FINANCIAL STATEMENTS

MODULE 4 CREDIT POLICY EVALUATION & ADMINISTRATION

MODULE 5 CONTROL OF ACCOUNTS RECEIVABLE

MODULE 6 EVALUATING A CHANGE IN CREDIT POLICY

CERTIFICATE OF PARTICIPATION