Provided by: Effective Outsource Networks

Effective Accounts Receivable Management

Accounts Receivable

This is an 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.
This is primarily ilt training
Course Level:introductory
Duration:1 days
Training Presented in:English
Training Provided by Effective Outsource Networks
Effective Accounts Receivable Management
Why is this important?
This is an 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.
How will you benefit?
After the workshop, you 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
What will you learn?
-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
Who should attend?
Any person who is involved directly and indirectly with the responsibility of sales, marketing, credit approval, credit review and collection.
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.
Available dates:
19 Apr 2017 (EB: 29/ 3/2017)
29 Aug 2017 (EB: 8/ 8/2017)
5 Dec 2017 (EB: 14/ 11/ 2017)
About The Training Provider: Effective Outsource Networks
Effective Outsource Networks - EON Consulting & Training Pte Ltd, formerly known as Effective Outsource Networks, was established in 1996 and 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. Mission ...
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