Accounts Receivable Best Practices for Small to Medium Sized Commercial Entities
This course reviews best practices in the accounts receivable function of small to medium commercial entities as it relates to invoicing and pricing. It also focuses on credit best practices including credit evaluation, use of Z Score and other ratios and methods to secure customer payment when open ended credit is deemed too risky. Collection best practices are explored including those related to account reconciliation. Payment application, internal controls and available banking technology are also reviewed.

Course Publication Date: June 15, 2016

This course is available with NO ADDITIONAL FEE if you have an active self study membership or can be purchased for $25.00!

Author:Mill Creek Publishing
Course No:ACT-ACTREC-203
Recommended CPE:2.50
Delivery Method:Self Study
Level of Knowledge:Overview
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Accounting
  
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Learning Objectives
  • Associate the importance of the billing, pricing and credit memo process to accounts receivable best practices.
  • Differentiate customer credit evaluation techniques.
  • Define and use the Altman Z score and other ratios in evaluating customers.
  • Recognize non-traditional methods to secure customer payment.
  • Recognize best practices of the collection function.
  • Associate the importance of internal controls with the payment application function.

CPE Depot Inc. 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.learningmarket.org.

Sponsor Number: 109423

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