Best Practice in Accounts Payable and Accounts Receivable
Details
In this workshop, you will learn how to account for and manage receivables and payables. For the receivables, you will learn how to calculate a bad debt provision amount based on a company history and using both the aging schedule and the allowance method. On the payable side, you will learn how to make provision for known Liabilities, estimate liabilities such as warranty liabilities and how to plan for the contingent liabilities mostly resulting from legal issues.
Outline
Credit Policies Management
· Setting credit policies
· Approving the credit
· Developing credit controls
Cash Collection
· Eliminating barriers to payment
· Negotiation skills
· Debt collection
· Legal aspects of collection
Harnessing Technology
· Electronic invoicing
·File maintenance and security issues
· Using the internet for AP
The Billing Process
· Efficient billing
· Preventing the fatal mistakes
Keeping in Control
· Internal control in AR process
· AR and the monthly chasing of
Accounts
Building Relationship
· Customer relationship
· Inter- Department
· Staff relationship
. Profitable relationship
FOR WHOM:
Accountants, Auditors, Senior and Middle Level Financial Managers, Treasurers, Controllers, sales and marketing manager, Directors/Managers and Treasury Operators, Accounts payable &Receivable manager
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
10:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.