Professional Course in Accounts Payable and Receivable Management

Overview The "Professional Course in Accounts Payable and Receivable Management" provides a comprehensive understanding of financial operations essential to maintaining business liquidity and stability. This program is designed to equip professionals with practical tools and insights to optimize cash flow, minimize errors, and improve financial reporting. Whether you are new to finance or looking to advance your skills, this course delivers the knowledge you need to efficiently manage the inflow and outflow of funds in any organization.

Objectives

 By the end of this course, participants will:

• Gain a thorough understanding of accounts payable and receivable processes.
• Learn strategies to optimize cash flow management.
• Develop skills to minimize errors in transaction processing.
• Learn new concepts from industry experts
• Gain a foundational understanding of a subject or tool
• Develop job-relevant skills with hands-on projects

Course Outline

The course covers the following key modules:

• Introduction to Accounts Payable and Receivable
• Overview of the AP/AR cycle
• Key roles and responsibilities
• Managing Accounts Payable
• Invoice verification and processing
• Payment strategies and controls
• Vendor management and relationships
• Managing Accounts Receivable
• Billing procedures and credit management
• Collection methods and handling overdue accounts
• Customer relationship management
• Cash Flow Optimization
• Best practices for managing working capital
• Implementing effective payment and collection strategies
• Financial Reporting and Analysis
• Analyzing accounts payable/receivable data
• Generating reports for better business insights
• Risk Management in AP/AR
• Identifying and mitigating financial risks
• Fraud prevention and internal controls

Target Group

This course is ideal for:

• 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

Program Cost

The course is offered in two flexible formats:

• 5-day intensive training: €3700
• 10-day in-depth training: €6500

This program is available on different dates upon request to ensure flexibility for professionals with busy schedules.

Organizers

This program is organized by the Geneva Institute of Business Management and its partners across Europe. It is available on different dates upon request, offering flexibility to meet the needs of professionals worldwide.