accounts-receivables
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Part II Managing accounts receivable
Establishment of credit policy Factors to be considered when formulating credit control policy (2.3)
Implementation of credit policy
Establishment of credit policy Control policy (2.3)
Implementation of credit policy
• Assessing creditworthiness ( sources of information) (2.4) • Monitoring the credit system (2.5) • Collecting amounts owing (2.6) • Early settlement discounts (2.7)
Financing from accounts receivable
Factoring (2.10) Invoicing discounting (2.11)
Managing foreign accounts receivable (2.12) 6
Assessing creditworthiness
3
This lecturereceivable
Accounts receivable Costs and benefits of accounts receivable
Part II Managing accounts receivable
Managing accounts receivable
Li Yuanyuan
This lecture
Part I: Introduction to accounts receivable
Accounts receivable Costs and benefits of accounts receivable
Accounts receivable Costs and benefits of accounts receivable
Cost of credit
Interest cost, administrative cost , bad debts cost
Benefit of credit
Increase in sales
control policy (2.3)
Administrative costs of debt collection Procedures for controlling credit Extra capital required (net increase in working capital) Cost of additional finance Saving or additional expenses Ways to implement credit policy Effects of easing credit
• Assessing creditworthiness ( sources of information) (2.4) • Monitoring the credit system (2.5) • Collecting amounts owing (2.6) • Early settlement discounts (2.7)
Financing from accounts receivable
Factoring (2.10) Invoicing discounting (2.11)
Managing foreign accounts receiv4able (2.12)
Credit control policy
Factors to be considered when formulating credit
Establishment of credit policy Control policy (2.3)
Implementation of credit policy
• Assessing creditworthiness ( sources of information) (2.4) • Monitoring the credit system (2.5) • Collecting amounts owing (2.6) • Early settlement discounts (2.7)
Financing from accounts receivable
Factoring (2.10) Invoicing discounting (2.11)
Managing foreign accounts receiv2able (2.12)
Introduction to accounts receivable
Credit control involves: • Initial investigation • Continuing control of outstanding accounts
7
Assessing creditworthiness
Sources of information and main points for assessing creditworthiness • References (ie bank reference, trade reference) • Credit rating agency • Department of Trade and Industry, Export Credit Guarantee Department • Press comments • Low credit limit level for new customers • Maintaining files for large customers (financial info.) • Visit the company concerned
5
This lecture
Part I: Introduction to accounts receivable
Accounts receivable Costs and benefits of accounts receivable
Part II Managing accounts receivable
Establishment of credit policy Factors to be considered when formulating credit control policy (2.3)
Implementation of credit policy
Establishment of credit policy Control policy (2.3)
Implementation of credit policy
• Assessing creditworthiness ( sources of information) (2.4) • Monitoring the credit system (2.5) • Collecting amounts owing (2.6) • Early settlement discounts (2.7)
Financing from accounts receivable
Factoring (2.10) Invoicing discounting (2.11)
Managing foreign accounts receivable (2.12) 6
Assessing creditworthiness
3
This lecturereceivable
Accounts receivable Costs and benefits of accounts receivable
Part II Managing accounts receivable
Managing accounts receivable
Li Yuanyuan
This lecture
Part I: Introduction to accounts receivable
Accounts receivable Costs and benefits of accounts receivable
Accounts receivable Costs and benefits of accounts receivable
Cost of credit
Interest cost, administrative cost , bad debts cost
Benefit of credit
Increase in sales
control policy (2.3)
Administrative costs of debt collection Procedures for controlling credit Extra capital required (net increase in working capital) Cost of additional finance Saving or additional expenses Ways to implement credit policy Effects of easing credit
• Assessing creditworthiness ( sources of information) (2.4) • Monitoring the credit system (2.5) • Collecting amounts owing (2.6) • Early settlement discounts (2.7)
Financing from accounts receivable
Factoring (2.10) Invoicing discounting (2.11)
Managing foreign accounts receiv4able (2.12)
Credit control policy
Factors to be considered when formulating credit
Establishment of credit policy Control policy (2.3)
Implementation of credit policy
• Assessing creditworthiness ( sources of information) (2.4) • Monitoring the credit system (2.5) • Collecting amounts owing (2.6) • Early settlement discounts (2.7)
Financing from accounts receivable
Factoring (2.10) Invoicing discounting (2.11)
Managing foreign accounts receiv2able (2.12)
Introduction to accounts receivable
Credit control involves: • Initial investigation • Continuing control of outstanding accounts
7
Assessing creditworthiness
Sources of information and main points for assessing creditworthiness • References (ie bank reference, trade reference) • Credit rating agency • Department of Trade and Industry, Export Credit Guarantee Department • Press comments • Low credit limit level for new customers • Maintaining files for large customers (financial info.) • Visit the company concerned
5
This lecture
Part I: Introduction to accounts receivable
Accounts receivable Costs and benefits of accounts receivable
Part II Managing accounts receivable