Effective Collections ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
Effective Collections covers specific tactics that can be used to obtain payment on overdue invoices, no matter why the customer has been delaying payment. These tactics range from friendlier techniques designed to retain relations with customers to more aggressive ones that can be used when the relationship between the parties are harmed or terminated (e.g. the use of collection agencies, small claims court, and involuntary bankruptcy). In this course, author Steven Bragg provides the accountant a complete set of tools for how to collect these overdue invoices.
Highlights
Collection Tactics. Collection Agency. Litigation and Bankruptcy Tactics.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Recognize the different types of collection tactics. Specify the situations in which A-B testing can be applied to collections. Describe how a postdated check should be handled. Cite the types of fee arrangements used with collection agencies. Specify the alternative areas of expertise that some collection agencies have developed. Describe the criteria that can be used to select a collection agency. Cite the legal techniques that can be used to gain a more rapid resolution of a lawsuit. Specify the circumstances under which litigation should or should not be pursued. Recognize the situations in which a litigation solution is indicated.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00