Use Landscape to see Search/Filter
Item Types:
Field of Study:
CPE Hours:
Course Details

Accounts Receivable Best Practices for Small to Medium Sized Commercial Entities (Course Id 557)

Updated / QAS / Registry
  Add to Cart 
Author : Joseph P Helstrom, CPA
Course Length : Pages: 36 ||| Review Questions: 8 ||| Final Exam Questions: 13
CPE Credits : 2.5
IRS Credits : 0
Price : $22.45
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 557

Description :

This course reviews best practices in the accounts receivable function of small to medium commercial entities as it relates to invoicing and pricing. It also focuses on credit best practices including credit evaluation, use of Z Score and other ratios and methods to secure customer payment when open ended credit is deemed too risky. Collection best practices are explored including those related to account reconciliation. Payment application, internal controls and available banking technology are also reviewed.

This course is appropriate for any CPA who has a beginning to moderate degree of familiarity with the accounts receivable function.

Usage Rank : 0
Release : 2023
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 02-Sep-2023
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - 557

Keywords : Accounting, Accounts, Receivable, Best, Practices, Small, Medium, Sized, Commercial, Entities, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you should:
  • Associate the importance of the billing, pricing and credit memo process to accounts receivable best practices
  • Differentiate customer credit evaluation techniques
  • Define and use the Altman Z score and other ratios in evaluating customers
  • Recognize non-traditional methods to secure customer payment
  • Recognize best practices of the collection function
  • Associate the importance of internal controls with the payment application function
Course Contents :

Chapter 1 - Accounts Receivable Best Practices for Small to Medium Sized Commercial Entities

Course Learning Objectives


Written Policies and Procedures

Accounts Receivable Process Overview

Sales and the Accounts Receivable Management Process

Best Practices Sales Processes


Best Practices Customer Credit Evaluation

Tier 1 Customer Credit Analysis

What Business Credit Reports are Available?

Sample Tier 1 Credit Matrix

Tier 2 Customer Credit Analysis

Working with Internally Prepared Financial Statements

Financial Ratio Analysis

Altman Z Score

Sample Tier 2 Credit Matrix

Review Questions

Credit Approval

Credit Monitoring

Best Practices Customer Monitoring

Methods to Secure the Sale

Methods to Secure the Sale Best Practices

Obtain credit insurance where it is available and makes commercial sense to do so.


Personal Guarantees



Collections Best Practices

Account Reconciliation

Accounts Receivable Administration

Portfolio Review

Internal Controls

Payment Application

Bank Remittance Processing Options

Review Questions


CPE Accounting Course: https://www.cpethink.com/qas-cpa-courses
Thank you for taking one of our free courses. We would like to be able to let you know when we add free courses or have special offers and will never spam you or share your address with anyone. If you are Ok with that please reply with "Ok" or if not please reply "No Thanks". Either way enjoy your free CPE course.
Exam completed on .

Do you want to add the course again?