Provided by: Effective Outsource Networks

Effective Accounts Receivable Management 21 June 2012

Business and Management Skills

This is intensive workshop on accounts receivable management. While sales are important, it is more crucial that the amounts sold on credit are ultimately received on a timely basis with minimal bad debt losses.
The workshop trains participants on how to define a credit strategy, implement a credit policy, understand and interpret the fundamental information in financial statements, monitor accounts receivable outstanding and improve the effectiveness in the collection of accounts receivable.
Benefits
After the workshop, participants will be able to:
-define a credit strategy
-implement a credit policy
-understand and interpret the fundamental information in financial statements
-monitor accounts receivable outstanding
-improve the effectiveness in the collection of accounts receivable
Outline
-Understanding the need for credit sales
-Fostering credit awareness
-Defining a credit strategy
-Understanding the need for a credit policy
-Knowing the benefits of having a credit policy
-Appreciating the factors that influence the credit policy
-Implementing the credit policy
-Gathering credit information
-Understanding financial statements
-Applying financial analysis of financial statements
-Monitoring accounts receivables
-Knowing the reasons for slow collection
-Pre-empting excuses for not paying promptly
-Seeing tell-tale signs of potential bad debts
-Using collection techniques
-Case study & practical exercises
Methodology
Concepts and applications will be taught using simple analogies. Participants will each be given a set of course materials together with practical exercises to complete during the workshop. There will be a case study for participants to role play in debt collection.
Who Should Attend
Any person who is involved directly and indirectly with the responsibility of sales, marketing, credit approval, credit review and collection.
Course Details
Course Date 21 Jun 2012
Time 9am to 5pm
Venue Stamford Road, near Dhoby Ghaut MRT
Early Bird Closing 30/ 5/ 2012
Fee Per Participant
S$310. 30 (Early Bird)
S$353. 10 (Normal)
S$278. 20 (Member)
Fee is inclusive of 7% GST, training materials and tea breaks.
SDF-Approved Yes
Trainer
Mr Raymond Ang
Testimonials
a I have learnt how to tell if a company or individual is having payment difficulties, and to be persistent and firm when collecting debts.a
- Ms Hoe Lay Hong, Senior Executive, Comfort Transportation Pte Ltd
a I have gained a better understanding of accounts receivable through the role play and practical experiences shared. I have also learnt that financial ratios can be used to evaluate customers.a
- Ms Amanda Chew Kai Xuan, Credit Controller, GAC (Singapore) Pte Ltd
a I have gained knowledge on how to evaluate financial statements and its subsequent rations more effectively. It would be very helpful for me to evaluate the financial statements from our customers and dealers.a
- Mr Stanley Tan, Accounts Receivable Executive, John Deere Asia (Singapore) Pte Ltd
Participants will receive a Certificate of Attendance upon course completion.
This is primarily ilt training
Duration:7 hours
Training Presented in:English
Training Provided by Effective Outsource Networks
About The Training Provider: Effective Outsource Networks
Effective Outsource Networks - Established in 1996, Effective Outsource Networks (EON) specialises in providing human capital consulting and training services to organisations in Singapore. It has helped organisations improve on day-to-day human resource operations through three main areas of support, namely, information service, consulting, and training. In January 2013, EON was incorporated as EON Consulting & Training...
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