Credit Control Gaapifrs Clive Vlieland Boddy web site信用控制gaapifrs克莱夫弗利兰岛博迪网站.ppt

Credit Control Gaapifrs Clive Vlieland Boddy web site信用控制gaapifrs克莱夫弗利兰岛博迪网站.ppt

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Credit Control Gaapifrs Clive Vlieland Boddy web site信用控制gaapifrs克莱夫弗利兰岛博迪网站

Credit Control ( AR Management) Dr Clive Vlieland-Boddy Accounts Receivable Management: The Five Cs of Credit Character: The applicant’s record of meeting past obligations. Capacity: The applicant’s ability to repay the requested credit. Capital: The applicant’s debt relative to equity. Collateral: The amount of assets the applicant has available for use in securing the credit. Conditions: Current general and industry-specific economic conditions. Trade Credit ( AP Management) Dr Clive Vlieland-Boddy * * * Working capital management requires managing current assets (cash balances, accounts receivable and inventory) and current liabilities (accounts payable and short-term debt) when faced with political, foreign exchange, tax and liquidity constraints. The overall goal is to reduce funds tied up in working capital while simultaneously providing sufficient funding and liquidity for the conduct of global business. Working capital management should enhance return on assets and return on equity and should also improve efficiency ratios and other performance measures. Working Capital Management * ACCOUNTS RECEIVABLE MANAGEMENT The level of accounts receivable is dependant on two factors: The volume of credit sales The average collection period Economic conditions cannot be controlled, but a business can control its collection policies with an effect on both sales and average collection period. CREDIT POLICIES There are four elements of a credit policy: Credit Period Cash Discounts Credit Standards Collection Policy The 4 Elements of credit policy Credit Period – How long to pay? Shorter period reduces DSO and average A/R, but it may discourage sales. Cash Discounts – Lowers price. Attracts new customers and reduces DSO. Credit Standards – Tighter standards tend to reduce sales, but reduce bad debt expense. Fewer bad debts reduce DSO. Collection Policy – How tough? Tougher policy will reduce DSO but may damage customer relationships. * ACCOUNTS RECEIVABLE

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