Accounts Receivable: Best Practices (2.5 hrs.)

Course Description

Accounts Receivable: Best Practices for Small to Medium Sized Commercial Entities

If a company’s existence is measured by revenue, then its life blood must be how well it manages accounts receivable.  Many business executives say that a sale isn’t a sale until the money has been collected. This course examines best practices in accounts receivable management.  Accounts receivable management is associated with both credit and collections.  These important functional areas work with sales as well as treasury and bank vendors to ensure the maximum realization of cash from sales revenue.

Course Information

Price: $39
Course No. 6007
Format: Online pdf (58 pages). Printed book available.
Prerequisites: None
Advance Preparation: None
Level: Overview
CPE Credit: 2.5 hrs.
Field of Study: Accounting
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: January 2017

Objectives

Upon completion of this course, you should:
• Associate the importance of the billing, pricing and credit memo process to accounts receivable best practices
• Differentiate customer credit evaluation techniques
• Define and use the Altman Z score and other ratios in evaluating customers
• Recognize non-traditional methods to secure customer payment
• Recognize best practices of the collection function
• Associate the importance of internal controls with the payment application function

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