MANAGING THE CASH CYCLE: ACCOUNTS RECEIVABLE AND PAYABLE BEST PRACTICES
₦205,000.00
Content
An Introduction to Accounts Receivable
Working Capital and Cash Management
Understanding “The cost of Credit”
The “Order to Cash” Process
Understanding “Risk” in “Credit”
Accounts Receivable and Effective Customer Service
Identifying Under-Performing Areas to Increase Customer Satisfaction
Managing the Receivables Ledger
Setting Targets and Tracking Performance
Customers and Trading Terms
Terms of Trading
Tools and Techniques of Financial Analysis
Financial Distress and Trend Analysis
Valued Added Analysis of Financial Statement
Practical Collection Tools and Techniques
Eliminating Barriers to Payment
Recognizing Excuses and Delaying Tactics
Providing Solutions to Non-Payment
Telephone Collection Techniques
Negotiation Skills for Successful Collections
Building Relationships with Customers
Accounts Payable, Financial Accounting and the Supply Chain
Sources of Finance
Financial Position and Performance
Cash Flow and Working Capital
Why is Cash Flow so Important?
Accounting and Financial Information
Achieving World Class in Accounts Payable Process
Managing Risk
Defining the Issues in Accounts Payable
Principles of Best Practices
Moving Beyond P2P
FOR WHOM: : Accountants, Finance Managers, Financial Controls, Management Accountants, General Ledger Accountants, Cashiers, Treasury Managers, Business Development Managers, Auditors, Accounts Receivable and Accounts Payable Accountants and others who perform related functions.
This 3-day workshop will provide a leading edge forum for you to significantly improve your working capital management skills. You will gain a comprehensive range of very practical and highly effective tools and approaches that can be immediately implemented upon your return to work. By attending this workshop, participants will understand:
The importance of credit to the company and the economy
The “cost of Credit” and its impact on company profitability
The integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger
How to effectively manage cash and working capital to reduce costs and improve cash flow
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