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Accounts Receivable Training Course CPE Credits DIsclosure
Recommended CPE credit: 16
Recommended field of study: Financial Accounting
Program level: Intermediate.
Advance preparation: None
Additional disclosure information
In module one, you will learn efficient accounts receivable management to include billing, posting remittance information, monitoring payment patterns, and collecting delinquent accounts. Next, you will learn how to establish trade credit policies. You will then learn the process of approving credit for established and new companies. You will learn how to review financial statements such as the income statement, the balance sheet, and the cash flow statement. The instructor will teach you how to do ratio analysis using fundamental metrics. You will learn how to prepare the credit file, set credit limits, the warning signs of credit distress to look for, and types of credit reports.
In module two, you will learn about invoices to include terms, due date, what should be on the invoice, and methods of receiving payment.
In module three, you will learn billing and collection methods, late fees, and collection techniques. The module wraps up with a discussion of accounts receivable monitoring and control.
In module four, you will learn about typical Accounts Receivable issues to include purchase orders, quality issues, bad debt reserves, and unauthorized deductions.
In module five, you will learn best practices for working with other departments, primarily the credit department.
In module six, you will learn customer relations best practices.
In module seven, your instructor will teach you how to protect the company’s interests by securing your position with risky customers using the letter of credit and taking a security interest. You will also learn about legal issues such as the Robinson – Hackman Act, antitrust laws, Equal Credit Opportunity Act, the Miller Act, and dealing with legal issues such as bankruptcy and out-of-court settlements.
In module eight, you will learn about the emerging technologies impacting the credit and collections department to include Evaluated Receipt Settlement, Artificial Intelligence (AI), Robotic Process Automation (RPA), and Application Program Interface (API).
In the Accounts Payable Training Course, you will learn industry best practices for collecting and processing invoices and making payments to vendors, customers, and other third-party companies.
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In the Cash Management Training Course, you will learn best practices to manage your firm’s working capital (cash available for day-to-day operations) to improve the firm’s liquidity position, financial health, and reduce risk to allow management to take advantage of unexpected opportunities, and to qualify for bank loans and favorable trade credit terms.
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In the Treasury Management Training Course, you will learn the management of an enterprise’s holdings, with the ultimate goal of managing the firm’s liquidity and mitigating its operational, financial, and reputational risk. You will also learn how to manage a firm’s collections, disbursements, concentration, investment, and funding activities to include trading in bonds, currencies, financial derivatives, and the associated financial risk management.
In the Working Capital Management Training Course, you will learn best practices to manage their firm’s working capital (cash available for day-to-day operations) to improve the firm’s liquidity position, financial health, and reduce risk to allow management to take advantage of unexpected opportunities, and to qualify for bank loans and favorable trade credit terms.