ACCOUNTS RECEIVABLE: ACCOUNTING, MANAGEMENT, AND BEST PRACTICES
Available Dates & Locations
COURSE OVERVIEW
Accounts receivable are the lifeblood of a business’s cash flow. Business’s accounts receivable is an important part of calculating profitability and provide the clearest indicator of the business’s income. In this highly engaging workshop, we push attendees outside their comfort zones by building their skills in using and applying best practices to effective reporting of accounts receivables.
COURSE OBJECTIVES
By the end of this course, attendees will be able to:
- Analyze accounts receivables’ transactions
- Record accounts receivables’ transactions
- Understand and apply the full accounting cycle
- Prepare adjusting entries for accrual and deferral schedules
- Understand and apply related IFRS standards
- Do proper reconciliations
- Accomplish timely closing
- Perform effective reporting and benchmarks
- Assess the credit policy
TARGET COMPETENCIES
- Accounting Systems Proficiency
- Financial Statement Expertise
- Understanding of the Accounting Cycle
- Accounts Receivable Management
- Accruals and Deferrals Management
- Reporting and Compliance
This course is designed to everyone within the organization who needs to understand the financial implications of receivables transactions ranging from managers to clerks. Accounts receivables employees, credit officers, billing officers and collection employees are few examples.
This course takes a very hands-on approach and equips participants with the understanding and techniques they need to record and report financial information. It strikes a balance between theory and application providing both conceptual and applied exercises from real life examples.
