This document discusses accounts receivable management. It explains that companies rely on both cash and credit sales, but credit sales generate accounts receivable that must be properly managed. An effective credit policy includes setting a credit period, offering discounts, establishing credit standards, and developing a collection policy. The credit policy helps companies recover amounts owed by customers. Accounts receivable limits depend on credit sales and average collection period. Companies monitor receivable positions through aging schedules that track payment timelines for individual customers.
Receivables Management-Definition,Objectives Of Receivable Management,Factors influencing the size of receivables,Dimensions of Receivables Management,Collection Methods Used
This is module 2 of 20 - Finance Success Program
Get to know top 4 business structures that are generally used to operate business
Learn pros and cons in each
Consider legal and income tax implications
Know what to do to ensure you prepare for disadvantages the structures present
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Receivables Management-Definition,Objectives Of Receivable Management,Factors influencing the size of receivables,Dimensions of Receivables Management,Collection Methods Used
This is module 2 of 20 - Finance Success Program
Get to know top 4 business structures that are generally used to operate business
Learn pros and cons in each
Consider legal and income tax implications
Know what to do to ensure you prepare for disadvantages the structures present
Understanding your needs, personality and key success of your industry is key so that you don't select structure which will make your business model not to work.
Get the video on YouTube - Finance Success TV
Check out preciousmvulane.com
Download Complete Main objectives of cash management
http://www.managementparadise.com/forums/financial-management/227968-main-objectives-cash-management.html
Download Complete Main objectives of cash management
http://www.managementparadise.com/forums/financial-management/227968-main-objectives-cash-management.html
One of the major issues in the company is the controlling of the collection period and developing optimum credit policy that minimizing the company loses, i.e how to trade off and balance between two costs, the first is carrying costs and the second is the opportunity costs of a particular credit policy. In other wards to define the point where the total credit cost is minimized.
Receivables Management is the process of making decisions relating to an investment in
trade debtors. Certainly investment in receivables is
necessary to increase the sales and the profits of the firm.
But at the same time investment in this asset involves cost
consideration also
Financial Management Presentation on topic Receivables Management by MBA Students of the University of Hyderabad.
Madhuri 18MBMB03
Vinodh 18MBMB09
K.Priya Bharathi 18MBMB15
Isaac Livingston 18MBMB21
Bhargav 18MBMB29
A credit and collections policy is a document that includes “clear, written guidelines that set the terms and conditions for supplying goods on credit, customer qualification criteria, procedure for making collections, and steps to be taken in case of customer delinquency”.
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Acc receivaible mgt
1. Accounts Receivable Management
Arshad Islam; Lecturer in Accounting and Finance; Cell No: 0092-313-9911865 Page 1
Accounts Receivable Management:
Company runs on sales. Both cash and credit sales are important for the company. Cash is
important for the profitability of company but company has to do credit sales for survivalof
company. Credit sales generate accounts receivables. Some receivables are timely
converted to cash but some receivables become bad debts. A proper credit policy mustbe
designed to manage the accounts receivable.
I) - Credit Policy:
A good credit policy helps the organizations to recover the amounts due to the customers.
Every credit policy contains four factors:
- Credit Period: Credit period means the maximum amounts of the days allowed to a
customer for payment of accounts receivables. This period is calculated on the basis of
organizations cash ability.
- Discount: Discount is allowed to all those debtors and customers who pay earlier than
the due date. If someone is paying 10 days early he is allowed 2 % discount. 2/10.
- Credit Standards: Credit standard means the minimum worth of a customer for allotment
of credit sales. This component also depends upon the ability of company to handle
cash. Some organization keeps strict standards but some keep a lenient way of credit
policies.
- Collection Policy: Collection policy is the method of collecting cash from the customers.
This component of credit policy varies from customer to customer.
I) - Limits of Accounts Receivables:
Amount of accounts receivables depends upon the credit sales. How much credit
sales is allowed? There are two components of accounts receivables limits:
a) - Credit Sales Per Day = Total Credit Sales / 365
b) - Average Collection Period/ DSO = Accounts Receivables/ Sales/365
Accounts Receivables = Credit Sales/ Day * DSO
2. Accounts Receivable Management
Arshad Islam; Lecturer in Accounting and Finance; Cell No: 0092-313-9911865 Page 2
II) - Monitoring ReceivablesPositions:
The position of receivables is monitored through aging schedule:
Names 1 - - - 5 6 - - - 12 13 - - - 18 19 - - - 24
Mr.A ***
Mr.B ***
Mr.C ** ** **
Mr.D ***
Mr.E ***