Training Course: Managing the cash Cycle – Accounts Receivable & Payable

Work effectively with the fundamentals of accounts payable, accounts receivable, financial accounting and the supply chain

REF: FA321553

DATES: 30 Sep - 4 Oct 2024

CITY: Casablanca (Morocco)

FEE: 3700 £

All Dates & Locations

Introduction

The importance of cash cycle coming from fact that moving cash generating profit , so as much as you improve the cash cycle , as much as get more profit. Accounts receivable and payables best practices playing main rule in improving cash cycle.

 

Course Objectives of Managing the cash Cycle – Accounts Receivable & Payable

  • Enhance the understanding of accounting environment, kay financial statement and IFRS.
  • Identify the accounts receivables best practices and improve credit terms management.
  • Identify inventory and supply chain management best practices.
  • Identify accounts payable management best practices.
  • Improve cash and working capital management skills using latest technology and best tools.
  • Enhance the understanding of the cash cycle and cash cycle management.

 

Managing the cash Cycle – Accounts Receivable & Payable Course Outlines

Day 1
An Introduction to Accounts Receivable

  • Working Capital and Cash Management
  • Understanding “the cost of credit”
  • The ‘order to cash’ process
  • Understanding “risk” in “credit”
  • Accounts Receivable and effective customer service
  • Identifying underperforming areas to increase customer satisfaction

Customers and Trading Terms

  • Terms of trading
  • Tools and techniques of financial analysis: ratios; trends; common size analysis
  • The best performance measure – cash or profit?
  • Financial distress and the Altman’s Z score-type analyses
  • Trend analysis
  • Value-added analysis of financial statement

Day2
Developing Effective Strategies to Maximize Cash Collection

  • Identifying effective “pre-delinquency” collection campaigns
  • Defining “post-delinquency” activities
  • Customer sensitive collection strategies
  • Collection techniques and letter cycles
  • Appropriate internal and external escalation steps
  • Using workflow management to maximize collector performance

Practical Collection Tools and Techniques

  • Eliminating barriers to payment
  • Recognizing excuses and delaying tactics
  • Providing solutions to non-payment
  • Telephone collection techniques
  • Negotiation skills for successful collections
  • Building relationships with customers

Day 3
Managing the Receivables Ledger

  • Developing effective internal relationships to maximize performance
  • Setting targets and tracking performance
  • Managing information that dazzles
  • Defining meaningful KPI’s
  • Latest Developments in Accounts Receivable

Accounts Payable, Financial Accounting, and the Supply Chain

  • Accounting and financial information: Accounts Payable in context
  • Sources of finance
  • The supply chain
  • Financial position and financial performance
  • Cash flow and Working Capital
  • Why is cash flow so important?

Day 4
Achieving World Class in Accounts Payable Processes

  • Defining Best Practice in AP
  • Moving beyond P2P
  • Managing Risk
  • Principles of Best Practice
  • End to End AP Process
  • Defining the issues in Accounts Payable

Improving Invoice Processing and Operational Management

  • Invoice Handling and Approval Processes
  • Verifying invoice data
  • Paying “low value” items
  • How to avoid duplicate payments
  • Making the best use of staff time: limiting telephone calls to AP
  • Does Petty cash management belong in Accounts Payable?

Day 5
Harnessing Technology in Accounts Payable Processes

  • Master Vendor File Management – getting it right from the start
  • Travel & Entertainment
  • Policy management
  • Cash advances and employee reimbursement
  • Process improvement through imaging and workflow
  • Using the internet for AP effectiveness

Making the Payments and Maintaining the Relationships

  • Communications & Customer Relations
  • Payments status information for vendors and internal customers
  • Improving Procure to Pay(P2P)Cycle
  • Payments and Payment Solutions: Accounts Payable or Treasury

Training Course: Managing the cash Cycle – Accounts Receivable & Payable

Work effectively with the fundamentals of accounts payable, accounts receivable, financial accounting and the supply chain

REF: FA321553

DATES: 30 Sep - 4 Oct 2024

CITY: Casablanca (Morocco)

FEE: 3700 £

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