Credit and Collection Guidebook ON DEMAND
Available Until
Your Desk
14.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
This course offers an in-depth exploration of the credit and collection functions, key to balancing increased sales with manageable bad debt. You will gain valuable insights into the structure and management of these critical functions, understanding how to design jobs, implement key procedures and forms, and apply effective collection and litigation tactics. The course provides practical knowledge on developing and managing credit policies, handling credit applications, and using various methodologies for credit rating. It also addresses efficient billing processes, payment deductions management, skip tracing, and the strategic use of collection agencies and litigation. Additionally, the course explores the integration of technology in these functions, identifying performance metrics and legal considerations crucial for credit and collection professionals. This training is essential for those looking to enhance their organization’s financial health through effective credit and collection strategies.
Highlights
Credit and collection operations. Credit procedures. Credit controls. Collection procedures. Collection controls. Credit policy. Credit application. Customer credit ratings. Ongoing credit monitoring. Interpretation of financial statements, and more.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Note the roles of the various employees of the credit and collection functions. Identify the key procedures and forms needed to operate the credit function. Cite the key controls needed for the credit function and note what they are intended to accomplish. State the key procedures and forms needed to operate the collection function, and the situations in which they are applicable, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00