Mastering Account Receivable Management: Strategies and Best

Name: Mastering Account Receivable Management: Strategies and Best
Rating: 3.9 (45 reviews)

Learn effective management of Account Receivable & Increase growth of business

Created byCA. Swati Gupta, CFA, CPA, CA. Rajkumar Agrawal, Swati Gupta

Last updated 6/2023

English

English [Auto],

What you'll learn

Concept of Account Receivable
Analysis of Account Receivable
Concept of Doubtful receivable
Effective strategies to better debtor management

Course content

1 section • 8 lectures • 1h 26m total length

Introduction to the course.0:33
Explore accounts receivable management, learn ratio calculations, bad debt provisioning, and data-management tools to minimize working capital and reduce client nonpayment.
Overview of course and meaning10:56
Understand what accounts receivable are, and learn how to analyze and record them, and their impact on financial statements, including collection period and allowance for doubtful receivable.
Accounting of Account receivable and allowance8:48
Mastering account receivable management explains recognizing, valuing, and disposing of accounts receivable from credit sales, and illustrates journal entries under accrual accounting, including allowance for doubtful accounts.
How to calculate Ratio8:18
Learn to calculate the debtors turnover ratio and average collection period using net credit sales and average debtors to assess cash conversion efficiency.
Numerical examples for ratio calculation13:21
Calculate receivables turnover and average debtors using net sales and opening and closing balances, then interpret higher turnover as faster cash conversion and better cash flow management.
How to improve debtor turnover ratio7:28
Learn how to improve debtor turnover ratio through a defined credit policy, early payment discounts, timely rewards, and penalties that accelerate cash collections and strengthen working capital.
Allowance for Bad debt and its calculation16:57
Master allowance for doubtful accounts by using percentage-based and aging methods to calculate provisions, showing net accounts receivable after aging categories.
Strategies for Effective Debtor management20:37
Implement a clear credit policy, verify customer creditworthiness, and enforce timely invoicing and reminders to minimize nonpayment while leveraging robust accounts receivable processes and data management.

Requirements

No specific knowledge require
Able to read and listen English

Description

The Mastering Account Receivable Management course is a comprehensive and highly practical program designed to equip professionals with the knowledge and skills necessary to excel in managing and optimizing the account receivable function within an organization. This course delves into the essential principles, strategies, and best practices that are critical for effective management of accounts receivable and cash flow.

Throughout the course, participants will gain a deep understanding of the fundamental concepts and processes involved in account receivable management. They will explore various topics, including credit policies, customer creditworthiness assessment, invoice processing, collections techniques, cash application, dispute resolution, and financial analysis.

By participating in this course, students will develop proficiency in analyzing the creditworthiness of customers, designing credit policies that balance risk and reward, and implementing effective collection strategies to minimize outstanding receivables. They will also learn how to enhance cash flow through efficient cash application processes, improve customer relations through effective dispute resolution techniques, and use financial analysis to optimize working capital management.

The course combines theoretical knowledge with real-world case studies and practical exercises to provide participants with hands-on experience in account receivable management. It also explores the latest trends and emerging technologies in the field, such as automation and digital solutions, and their impact on optimizing the account receivable function.

Upon completion of this course, participants will possess the skills and expertise to streamline account receivable processes, reduce bad debt, improve cash flow, and contribute to the financial health and success of their organizations. They will be well-prepared to take on account receivable management roles and make informed decisions to drive profitability and growth.

Note: This course assumes a basic understanding of accounting principles and financial concepts.

Who this course is for:

Commerce Students, Business Persons, Any one who interested to learn Account Receivable
CA,CMA, CS & M Com & B Com students
Business Owners, Start up founders and Business analysists