Course Information
Accounts Receivable – Best Practices for SMBs
Course Information
| Title: | Accounts Receivable – Best Practices for SMBs |
|---|---|
| Category: | Accounting and Auditing |
| Field of Study: | Accounting |
| Course Code: | M104 |
| CPE Credits: | 2.5 |
| Price: | 23.95 |
Description
Description:
This course examines best practices in accounts receivable management. Accounts receivable management is associated with both credit and collections. These important functional areas work with sales as well as treasury and bank vendors to ensure the maximum realization of cash from sales revenue. This course explores each functional area, starting with the sales function, and the best practices that relate to accounts receivable management. Credit and collections will each be discussed followed by accounts receivable management administrative best practices, which will include portfolio review, internal controls and payment application. Banking best practices as they relate to accounts receivable management will be explored last.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
Technical Details: Accounting is a technical field of study.
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Objectives
Objectives:
1. Associate the importance of the billing, pricing and credit memo process to accounts receivable best practices 2. Differentiate customer credit evaluation techniques 3. Define and use the Altman Z score and other ratios in evaluating customers 4. Recognize non-traditional methods to secure customer payment 5. Recognize best practices of the collection function 6. Associate the importance of internal controls with the payment application function
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: No IRS credit for Enrolled Agents.
Profession Identifiers: CPA