Managing the Cash Cycle: Accounts Receivable and Payable Best Practices

Working capital management influences both an organization’s risk and its expected returns. After completing this workshop, you will be aware of the risk return trade-offs that are implied in financial forecasting, know the process of financial planning, the importance of managing cash inflows and outflows, how to finance short-term assets, and make the right decisions on financing and investment for your organization.

CONTENT:

Accounts Receivable

. Working capital

. Cash management

. The cost of credit

Customers and Trading Terms

Customers credit evaluation

. Trend analysis

. Tools and techniques of financial analysis

,Cash Collection: Tools and Techniques

. Eliminating barriers to payment

. Negotiation skill for Successful collection

. Building relationship with customers

Harnessing Technology in the Account Payable Processes

. Electronic invoicing

. Using the internet for AP effectiveness

. File maintenance and security issues

FOR WHOM:

Accountants, Auditors, Payable Officers, Receivable Officers, Cash Officers, Treasurers and others who perform related functions in Public and Private Sectors.

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.