Training Details
- Brief about the types of expenses and their classification:
Revenue and capital expenditures.
- Accrual of the expense and ways to settle it.
Methods of processing it in the accounting and statistical records.
Preparing periodic reports on the position of accrued expenses and outstanding payments.
Expense settlement methods:
Cash payments.
Non-cash payments.
Payments without invoices.
- Full workshop: systems of control and internal control of expenditures and their payments.
Settlement of payments, skills to reduce the burden of financing:
Weighted cost of funds.
- The impact of trading in property rights on profitability and the burden of financing.
- The effect of trade discount, quantity discount, payment acceleration discount, and purchase allowances on cost, profitability, and financing charges.
- Payment scheduling, and the impact of the cash discount earned on the debt and its service charges.
- Customer accounts, and methods of settling cash and non-cash receipts.
- Classification of debts, and preparation of credit follow-up reports.
- Scheduling of customer debts and debit balances, and the effect of the allowed cash discount on the debit balance and credit interest.
Practical cases and full workshops.
Specialized professional advice.
Practice problems and proposals for solutions.