Receivables

Receivables

Receivables is the money owed to a business by its customers for goods or services provided on credit. Receivables are classified as assets in financial statements as they will be collected in 30, 60, or 90 days. Receivables management involves tracking outstanding invoices, timely collections, and minimizing bad debts. Ut helps maintain cash flow and liquidity for the company.

Certification in receivables certifies your skills and knowledge in managing a company’s receivables. This certification assess you in credit management, invoicing, collections, cash flow management, and timely recovery of payments.

Why is Receivables certification important?

• Demonstrates expertise in managing receivables and credit control processes
• Improves career opportunities in finance, accounting, and credit management roles
• Increases credibility with employers and enhances job security
• Validates knowledge of industry standards and best practices in receivables management
• Enhances skills in cash flow management, invoicing, and collections
• Helps reduce the risk of bad debts and improves organizational financial health
• Provides a competitive edge in roles requiring expertise in financial operations
• Aids in developing strong communication skills for managing customer relations regarding payments
• Improves understanding of accounting standards related to receivables and revenue recognition

Who should take the Receivables Exam?

• Accounts Receivable Specialist
• Credit Manager
• Collections Manager
• Financial Analyst
• Accounts Payable/Receivable Clerk
• Cash Flow Manager
• Billing Specialist
• Finance Manager
• Credit Risk Analyst
• Treasurer

Receivables Certification Course Outline
The course outline for Receivables certification is as below -

• Introduction to Receivables Management
• Credit Management
• Invoicing and Billing
• Collections Management
• Cash Flow Management
• Accounting Standards and Receivables
• Risk Management in Receivables
• Technology in Receivables Management
• Customer Relationship Management (CRM)
• Legal Aspects of Receivables Management