Course Summary:

Magna Skills presents the Accounts Payable, Receivables, and Credit Management course, designed to provide finance professionals with comprehensive training in managing payables, receivables, and credit. This course covers essential topics such as payment processing, credit analysis, collections strategies, and financial reporting. Participants will gain practical skills and knowledge to optimize cash flow, minimize risks, and improve overall financial management.

Course Objectives:

• Understand Accounts Payable Processes:

  • Learn the fundamentals of accounts payable management.
  • Explore best practices for processing and managing payables efficiently.

• Master Accounts Receivable Management:

  • Gain insights into effective receivables management.
  • Develop strategies for timely collections and reducing outstanding debts.

• Enhance Credit Management Skills:

  • Understand credit policies and procedures.
  • Learn techniques for credit risk assessment and management.

• Improve Cash Flow and Financial Reporting:

  • Optimize cash flow through effective management of payables and receivables.
  • Enhance financial reporting and analysis for better decision-making.

• Apply Best Practices in Financial Management:

  • Study case studies of successful accounts and credit management.
  • Learn practical skills for implementing financial management strategies.

Course Outline

Module 1: Introduction to Accounts Payable and Receivables

• Overview of accounts payable and receivables
• Importance in financial management
• Key roles and responsibilities

Module 2: Accounts Payable Management

• Invoice processing and payment cycles
• Managing vendor relationships and negotiations
• Best practices for accounts payable efficiency

Module 3: Accounts Receivable Management

• Invoicing and billing procedures
• Strategies for effective collections
• Reducing days sales outstanding (DSO)

Module 4: Credit Management Principles

• Establishing credit policies and procedures
• Credit risk assessment and analysis
• Monitoring and managing credit limits

Module 5: Cash Flow Optimization

• Techniques for optimizing cash flow
• Managing working capital
• Forecasting and budgeting

Module 6: Financial Reporting and Analysis

• Financial statements related to payables and receivables
• Key performance indicators (KPIs) for accounts management
• Financial analysis for decision-making

Module 7: Technology and Automation in Accounts Management

• Leveraging technology for accounts payable and receivables
• Implementing accounting software and tools
• Benefits of automation in financial processes

Module 8: Legal and Regulatory Considerations

• Compliance with financial regulations
• Understanding tax implications
• Managing legal aspects of credit and collections

Module 9: Risk Management in Accounts and Credit

• Identifying and mitigating financial risks
• Developing risk management strategies
• Implementing internal controls

Module 10: Case Studies and Practical Applications

• Analysis of real-world scenarios
• Application of best practices in accounts management
• Interactive discussions and problem-solving exercises

Who Can Attend:

• Finance and accounting professionals
• Accounts payable and receivable managers
• Credit managers and analysts
• Financial controllers and CFOs
• Business owners and entrepreneurs
• Students and academics in finance and accounting

Summary: The Accounts Payable, Receivables, and Credit Management course by Magna Skills equips finance professionals with the knowledge and skills needed to manage payables, receivables, and credit effectively. Through a comprehensive curriculum that includes theoretical insights, practical applications, and case studies, participants will learn how to optimize cash flow, minimize risks, and enhance financial reporting. This course is ideal for professionals committed to improving financial management practices in their organizations.