Financial Planning and Budgeting
What Will I Benefit?
You will gain knowledge and skills that enable you to identify the function and role of accounts receivable at an enterprise, identify credit risk. In addition, you will develop your collection skills.
Course Objectives
-
At the end of this course, the participants should be able to:
- Deal with the provision for doubtful debts and bad debts.
- Use efficient debt collection methods and tools
- Deal with different types of debtors
Target Audience
Employees in accounts, credit, sales and collection departments
Course Outline
5
5
Topics
-
Debtors
- Definition and classification of debtors
- Credit risk: assessment, management and types
- Trade and cash discounts
- Provision for doubtful debts
- Bad debts
- Sale of debtor accounts balances
- Allocation of accounts receivable
- Average collection period
- Written delay notices
- Automatic collection system
- Incoming calls distributor
- Simon Electronic Panel
- Automatic transfer system to hidden customers
- Transfer to an external collection agency
- The hasty client
- Sensitive and emotional client
- The complaining client
- Serious client
- The procrastinating client
Objectives and Tasks of Debt Collection Unit
Planning for Collection
Methods and Tools of Collection
Different Styles of Customers
5
5
Target Competencies
- Receivables Management
- Preparation and Analysis of the Aging of Receivables
- Dealing with Customers
- Analysis of Debtor Accounts
- Collection Methods
5
5
Course Methodology
-
This training course will be carried out through the use of best practices and the right combination of engaging and purposeful tools such as:
- Case studies and practical exercises
- Workshops and group activities
- Interactive discussions
- Brain storming
- Energizing team competitions
- Presentations
- Learning games
Debtors Management and Collection Skills
6600 SAR
5 Days
Course Dates & Locations
*Prices do not include value added tax.
For more information, do not hesitate to contact us
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