• Course Information

    Title: Accounts Receivable - Best Practices for SMBs
    Category: Accounting and Auditing
    Field of Study: Accounting
    Course Code: A018-0507
    CPE Credits: 2.5
    Price: $23.95
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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:

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Joseph Helstrom

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Publication Date: 04/09/2019

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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.

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