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Accounts Receivable Manager Certification (Exam Cost Included)

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Accounts Receivable Manager Certification (Exam Cost Included)

This accounts receivable Manager Certification Program is designed to prepare accounts receivable managers to manage a team now and, in the future—by understanding and embracing best practices, organizational process change, and the increasing interaction with customers on a global scale. You will also prepare to earn your Accredited Receivables Manager (ARM) designation from the Institute of Finance and Management (IOFM) upon successful course completion.

$1,399.00 (USD)

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schedule
                                35 Course Hrs
                            

                                Code
                                    GES2185
                            
calendar_today
                                3 Months
                            
grid_onOpen enrollment
speedSelf paced

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Overview

Staffing trends and continued organizational demand will continue to drive the need for highly trained accounts receivable professionals. Cash management is a top concern for financial operations teams and their CFOs, who are worried about whether enough money is arriving to meet the needs of the business, customers' experience dealing with the company, protecting the company's cash from fraud, and the cost of performing these processes. Accounts receivable is a key strategic role player in managing the organization's cash flow, from setting customers' credit terms to collecting payments.

This accounts receivable course is designed to equip you with the skills necessary to enter the accounts receivable manager function, including credit management, best-in-class payment processes, regulatory compliance, reporting KPIs, and technology.

Upon completing this accounts receivable certification program, you will be prepared to take a 90-minute, 100-question multiple-choice exam to demonstrate your ability to manage the accounts receivable process and earn the Accredited Receivables Manager (ARM) designation from the Institute of Finance and Management (IOFM).

Objective

Outline

Organizing the Accounts Receivable Department
1. Introduction
2. How Accounts Receivable Fits Within the Broader Business Structure
3. Interdepartmental Communication
4. Accounts Receivable Roles and Responsibilities
5. How Responsibilities Change with Automation
6. How Accounts Receivable Responsibilities Change When the Work Is Outsourced
7. Why New Hires Will Require New Skills
8. Conclusion
Credit Management
1. Introduction
2. Credit Management
3. Policy & Procedures (P&P) for the Credit Manager
4. New Customer Credit
5. Credit Application
6. Assigning a Credit Line
7. Relationship Between Credit and Sales
8. Resources for Credit Managers and the Customer Master File
9. Financial Statement Analysis
10. Internal Credit Score
11. Terms and Payment Methods
12. New Customer Acceptance Letter
13. Credit and Existing Customers
14. Metrics
15. Best Practice
Customer Master File
1. Introduction
2. Ownership
3. Customer File Documentation
4. Verifying Customer Data
5. Updating the Customer Master File
6. Entering and Securing CMF Data
7. Cycle Time
8. Conclusion
Accounts Receivable Metric Reporting and Analysis
1. Introduction
2. Aging Reports
3. DSO Reporting
4. Bad Debt Reporting
5. Collection Eﬀectiveness Index (CEI)
6. Receivables Turnover Ratio (RTR)
7. Credit Risk Analysis
8. Conclusion
Accounting, Records, and Associated Regulations
1. Introduction
2. Accounting Definitions
3. Financial Reporting and Account Standards
4. General Ledger
5. Month‐End Close
6. Financial Statements
7. Auditing—Internal and External
8. Record Retention/Destruction
9. Other Regulations
10. Unclaimed Property/Escheatment
11. Conclusion
Technology
1. Introduction
2. Automated Accounts Receivable Functions
3. Technology and Tools
4. Technology Is Here to Stay
Process Management
1. Introduction
2. The Rationale for Process Management
3. Good Processes Enhance Cash Flow
4. Selling the Accounts Receivable Asset
5. Activity‐Based Management (ABM)
6. Benchmarking
7. The Challenge of Change
8. Communication Tools
9. Accounts Receivable Organizational Structure
10. Business Continuity Planning and Disaster Recovery
11. Looking Ahead
12. Conclusion
Leadership and Team Management in Accounts Receivable, Credit & Collections
1. Introduction
2. Leadership Skills
3. Becoming a Better Leader
4. Business Ethics and Integrity
5. Conclusion

Requirements

Prerequisites

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Instructor

FAQs

What is the average salary for an accounts receivable manager?

According to Glassdoor, the median salary for an accounts receivable specialist is $58,000, while the median salary for an accounts receivable manager is $79,000. As technology changes the landscape of financial operations and companies seek to optimize cash flow, skilled accounts receivable professionals can leverage in-demand technical and strategic skills to increase their compensation.

What does an accounts receivable manager do?

An accounts receivable manager oversees the operations of the accounts receivable department, ensuring that all processes are optimized for efficiency and accuracy. Their role includes leading teams, tracking performance metrics, and implementing best practices in areas like credit management and customer account data. They play a key part in maintaining the customer master file and staying informed about how technology continues to shape and evolve the accounts receivable function.

Does this course prepare you for a certification?

Yes. Upon completing the program, learners will take the exam to demonstrate their ability to manage the accounts receivable process and earn the Accredited Receivables Manager (ARM) designation.

How long does it take to complete this course?

After you register, you will receive 3 months to complete the course. The time allotted for completion has been calculated based on the number of course hours.

When can I start this course?

This course is open enrollment, so you can register and start the course whenever you are ready. Access to your course can take 24-48 business hours.

What if I don't have enough time to complete the course within the time frame provided?

The time allotted for course completion has been calculated based on the number of course hours. However, if you are unable to complete the course, contact the student advising team to see what options you may have available to work out a suitable completion date. Please note that an extension fee may be charged.

What kind of support will I receive?

Our courses are designed to accommodate various learning preferences. Depending on the course structure, you may get different forms of support. Self-paced courses are designed to be user-friendly and independent, minimizing the need for external support. In courses with instructors, our direct platform support feature includes opportunities for questions, discussions, and remediation, with email and phone support available for select courses. Our student advising team is available to guide you on program requirements and administrative requests, but they do not provide assistance with course content. Our goal is to provide you with the necessary support for success, whether it's through self-paced exploration, direct communication, or guidance from our advising team.

What happens when I complete the course?

Upon successfully passing the final exam, you will be awarded a certificate of completion from the school or organization that you registered through.

Am I guaranteed a job?

ed2go courses will help you gain the skills you need to obtain an entry-level position in most cases. However, you should always research the job market in your area before enrolling.

Can I get financial assistance?

ed2go courses are non-credit, so they do not qualify for federal aid, FAFSA, and Pell Grant. In some states, vocational rehab or workforce development boards may provide funding to take our courses. Additionally, you may qualify for financial assistance if you meet certain requirements. Learn more about financial assistance.

How can I get more information about this course?

If you have questions that are not answered on our website, representatives are available via LIVE chat. You can also call us at 1-877-221-5151 during regular business hours to have your questions promptly answered. If you are visiting us during non-business hours, please send us a question using the "Contact Us."

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Accounts Receivable Manager Certification (Exam Cost Included)

Overview

Objective

Outline

Requirements

Prerequisites

You've got questions.We're here to help.

Instructor

FAQs

You've got questions.We're here to help.

You've got questions.
We're here to help.

You've got questions.
We're here to help.