Accounts Receivable Best Practices for Small to Medium Sized Commercial Entities - 2024 (Text Based)

Gain a comprehensive understanding of how to effectively manage accounts receivable by mastering key processes and best practices. This course will guide participants through the critical elements of billing, pricing, and credit memo processes and their importance in ensuring financial accuracy and operational efficiency. Learn to differentiate customer credit evaluation techniques, including the use of financial ratios like the Altman Z-score, to assess risk and stability. Explore innovative, non-traditional methods for securing customer payments and enhance your knowledge of best practices for collections and payment application. Understand the crucial role of internal controls in safeguarding your organization's financial processes and achieving optimal cash flow management. This course is ideal for finance professionals, accountants, and anyone responsible for accounts receivable operations.

Learning 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

Instructional Method: Self-Study

Review Date: 12/20/2024

Required Components: Written Materials

CPE Final Exam Required Passage Grade: 70%,

Please Note: This course must be completed within 1 year of the date of receipt of this course for CPE Credit

Prerequisites: None

Level: Beginner

NASBA Category: Accounting

Recommended CPE:  2.5

For more information regarding administrative policies such as refunds, cancellations, and complaints, please contact FurtherEd at (912) 666-6282.

FurtherEd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.