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 A
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.
Course Certificate:
Masters Consultant certificate will be issued to all attendees completing minimum of 75% of the total tuition hours of the course.
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
Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment.
Masters is also an approved vendor from KHDA & ILM
KHDA stamped course completion certificate will be provided. It covers accounting principles for partnerships, mergers, acquisitions and consolidations. Includes the worksheet analysis of consolidation principles and introduces international
'Introduction to Accounting' training is offered by AJ Financial Consultants. It covers all the essential aspects of Accounting. You will learn from expert instructors in a conducive and knowledge-stimulating learning environment.
This training will give you the knowledge to accumulate accounting information for decision-making purposes across the organization and also provide a solid ground for management and other vital functions.
This intensive 3-day course is designed to equip participants with foundational knowledge and practical skills in accounting and bookkeeping, tailored for non-accountants.
The students will receive a certificate (awarded by KHDA) at the end of the course.It will help you to get an idea about the fundamental principles of Business accounting.
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