Accounts Receivable Management Workshop by Gerald Peries A/L V. A. Peries
Date: 13 & 14 March 2019 (Wednesday & Thursday)
Time: 9:00am to 5:00pm
Venue: Hotel Melia Kuala Lumpur (Across From Berjaya Times Square)
Introduction:
While sales are important to companies, it is more important that credit sales are collected on a timely basis with minimal bad debt losses but managing accounts receivable has never been an easy job. This workshop will show participants the important functions of Accounts Receivable Management, define and implement a credit policy, understand and interpret the fundamentalinformation presented in financial statements, monitor accounts receivable outstanding and improve the effectiveness in the collection of accounts receivable.
Objectives:

AFTER ATTENDING THIS WORKSHOP, PARTICIPANTS WOULD BE ABLE TO:-

1. Effectively participate at any stage of the accounts receivable process.

2. Understand the process of evaluatingcredit.

3 Understand and analyse financial statements.

4. Set appropriate credit limits.

5. Implement effective collection techniques.

6. Control and monitor accounts receivable.

7. Evaluate a change in credit policy

 

Program Content:

MODULE 1: INTRODUCTION TO ACCOUNTS RECEIVABLE MANAGEMENT
Importance of Good Credit Management
Goals of accounts receivable management
Functions of credit management
Credit policy
Factors involved in accounts receivable management

UNDERSTANDING FINANCIAL STATEMENTS
Accounting Process
The Accounting Equation
Transaction Analysis
Basic Financial Statements
Exercise

MODULE 2: ADJUSTMENTS TO FINANCIAL STATEMENTS
Matching Principle
Accrued Expenses
Prepayments
Depreciation of Fixed Assets
Impact on Financial Statements
Source documents in credit transactions

MODULE 3: ANALYSING FINANCIAL STATEMENTS
Profitability Ratios
Efficiency Ratios
Liquidity Ratios
Gearing Ratios
Cash conversion cycles
Case study

MODULE 4: CREDIT EVALUATION
Sources of credit information
Application of 5 Cs
Deciding on the credit to be granted
Determining credit limits
Credit scoring model for credit evaluation
Case study

MODULE 5: CONTROL OF ACCOUNTS RECEIVABLE
Credit administration& monitoring
Identifying “Red Flags” from the beginning
Know the reasons for slow collection
Collection techniques
Days’ sales outstanding
Aging schedule
Know the warning signs of bad debts
Percentage of bad debts to sales
Case study

MODULE 6: EVALUATING A CHANGE IN CREDIT POLICY
Discounts
Bad debt losses
Cost of receivables
Impact on profit
Case study

 

Methodology:
• Interactive lectures
• Worked examples
• Case Studies
• Discussions
Who Must Attend:

Personnel involved in the following departments:-

Accounts Receivable
Sales and Marketing
Accounts
Other personnel in other departments who are working indirectly within the accounts receivable process

Investment Fees:
RM1,888.00 per participant (Standard Fee)
RM1,588.00 per participant (Early Bird Fee, register by 04 March 2019)

Group incentive: Register 3 participants from the same organization, the 4th participant is FREE. (Buy 3 Get 1 Free)
Registration:
There are 3 methods to register for this training:
  1. Kindly click here for online registration. Register Now.
  2. Kindly download this registration form, and fill up all the particulars. Please fax back to +6-03-6270-9993. Click here to download Registration Form (177KB).
  3. Call us to register. Tel: +6-03-6270-9883.
Notes:
This Training Programme is SBL Claimable *Subject to PSMB conditions.

Pembangunan Sumber Manusia Berhad (PSMB)We Are An Approved Training Provider Under SBL Scheme With Pembangunan Sumber Manusia Berhad (PSMB/HRDF)