Course Outline:

Module 1: Introduction to Accounts Receivable Compliance

• Overview of accounts receivable processes and importance of compliance
• Key regulations affecting accounts receivable management (e.g., SOX, GDPR)
• Understanding the role of accounts receivable in financial health
• Practical Exercise: Assessing compliance requirements in current practices

Module 2: Credit Management Best Practices

• Techniques for credit risk assessment and customer creditworthiness
• Establishing credit limits and terms
• Monitoring and reviewing customer credit profiles
• Case Study: Implementing an effective credit management policy

Module 3: Invoicing and Documentation

• Preparing accurate and compliant invoices
• Importance of documentation in the accounts receivable process
• Best practices for maintaining records and documentation
• Practical Exercise: Reviewing and revising invoice templates for compliance

Module 4: Collections Management

• Strategies for effective collections management
• Communication techniques for collections and negotiation
• Handling difficult customers and disputes
• Real-life Project: Developing a collections strategy for a specific scenario

Module 5: Reporting and Monitoring Accounts Receivable

• Analyzing accounts receivable aging reports
• Key performance indicators (KPIs) for accounts receivable management
• Implementing a compliance framework for ongoing monitoring and reporting
• Practical Exercise: Creating an accounts receivable dashboard for monitoring compliance