Accounts Receivable

Introduction

This Accounts Receivable training course provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state of the art levels.

Documented strategies and tactics employed by highly admired companies are presented both successful and unsuccessful to illustrate the real world functionality of each process and approach.

By attending this GLOMACS  Accounts Receivable training course, delegates will understand:

• The importance of credit to the company and the economy
• The “cost of credit” and its impact on company profitability
• Practical steps that reduce bad debt losses and “uncollectible” debtors
• How to use different tools and techniques to maximize cash collection effort
• How to effectively manage cash and working capital to reduce costs and improve cash flow
• How leading companies from across the globe are achieving best practice in Accounts Receivable

Objectives

This Accounts Receivable training course aims to enable participants to achieve the following objectives:

• Work effectively with the fundamentals of accounts receivable, financial
• Accounting and working capital optimisation
• Understand and apply the fundamentals of Accounts Receivable systems
• Review and comment on   collection methods and cash management
• Analyse the need to incorporate risk and uncertainty in to accounts receivable analysis
• Identify best practice across all industries

Training Methodology

This Accounts Receivable training course will provide the theoretical background and techniques that underpin the organisation and management of accounts payable and its related functions. It will provide a real world practical context by incorporating worked examples and case studies that delegates will see how theory applies in practice and can discuss the various issues raised.