MANAGING THE CASH CYCLE: ACCOUNTS RECEIVABLE AND PAYABLE BEST PRACTICES

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.

 

DATE:         25th – 27th May, 2022

16th – 18th November, 2022

 

Objective

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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