{"product_id":"accounts-receivable-specialist-certification-exam-cost-included","title":"Accounts Receivable Specialist Certification (Exam Cost Included)","description":"\u003cp class=\"course-intro\"\u003eThe Accounts Receivable Specialist Certification Program explains the principles, policies, processes, and practices necessary for efficient and effective accounts receivable that meet an organization's goals: supporting sales, cash flow, and customer service while protecting the organization's money.\u003c\/p\u003e\u003cul class=\"course-facts\"\u003e\n\u003cli\u003e40 course hrs\u003c\/li\u003e\n\u003cli\u003eCode GES2184\u003c\/li\u003e\n\u003cli\u003eOpen enrollment\u003c\/li\u003e\n\u003cli\u003eSelf paced\u003c\/li\u003e\n\u003c\/ul\u003e\u003cnav class=\"course-nav\"\u003e\u003ca href=\"#overview\"\u003eOverview\u003c\/a\u003e\u003ca href=\"#objective\"\u003eObjective\u003c\/a\u003e\u003ca href=\"#outline\"\u003eOutline\u003c\/a\u003e\u003ca href=\"#requirements\"\u003eRequirements\u003c\/a\u003e\u003ca href=\"#prerequisites\"\u003ePrerequisites\u003c\/a\u003e\u003ca href=\"#instructor\"\u003eInstructor\u003c\/a\u003e\u003ca href=\"#faqs\"\u003eFAQs\u003c\/a\u003e\u003c\/nav\u003e\u003ch3 id=\"overview\"\u003eOverview\u003c\/h3\u003e\u003cdiv class=\"course-sec\"\u003e\n\u003cp\u003eStaffing trends and continued organizational demand will continue to drive the need for highly trained accounts receivable professionals. The U.S. Bureau of Labor Statistics projects nearly 175,000 annual job openings for bookkeeping, accounting, and auditing clerks, which includes some accounts receivable roles, through 2033. Cash management is a top concern for financial operations teams and their CFOs concerned with whether enough funds are available to meet the business's needs, the customer experience when dealing with the company, protecting the company's cash from fraud, and the cost of performing these processes. An accounts receivable specialist is a key strategic role player in managing the organization's cash flow, from setting customers' credit terms to collecting payments.\u003c\/p\u003e\n\u003cp\u003eThis accounts receivable certification program is designed to equip you with the skills necessary to execute the accounts receivable specialist function, including internal controls, the P2P process of your customers, regulatory compliance, as well as best practices for customer master file, cash application, collections, and credit management.\u003c\/p\u003e\n\u003cp\u003eUpon completing the accounts receivable training, you will be prepared to take a 90-minute, 100-question multiple-choice exam to demonstrate your ability to manage the accounts receivable process and earn the Accredited Receivables Specialist (ARS) designation from the Institute of Finance and Management (IOFM).\u003c\/p\u003e\n\u003c\/div\u003e\u003ch3 id=\"objective\"\u003eObjective\u003c\/h3\u003e\u003cdiv class=\"course-sec\"\u003e\n\u003cp\u003e\u003cstrong\u003eWhat you will learn\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e \u003cli\u003eReview peer-tested best practices for each phase of the payment process – from receipt of invoice, through processing and payment\u003c\/li\u003e \u003cli\u003eLearn how to mitigate risks stemming from tax laws, as well as T\u0026amp;E-related fraud and abuse\u003c\/li\u003e \u003cli\u003eUnderstand how automation will continue to adjust how you do what you do\u003c\/li\u003e \u003cli\u003eComprehend the outline of the credit cycle (O2C), credit department goals, and its interdepartmental relationships within a business setting\u003c\/li\u003e \u003cli\u003eDiscover how to analyze methods for credit application, credit line assignment, customer onboarding, credit limit management, and enhancement of sales interactions to optimize credit management processes\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eHow you will benefit\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e \u003cli\u003eEarn a certification from IOFM, a recognized and respected authority in financial operations\u003c\/li\u003e \u003cli\u003eAdvance your career in accounts receivable or the related fields of credit and collections, shared services, or financial operations management by proving a high level of expertise in accounts receivable\u003c\/li\u003e \u003cli\u003eStand out as an attractive job candidate with valuable skills that will help to improve efficiency and generate savings for any organization\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\u003ch3 id=\"outline\"\u003eOutline\u003c\/h3\u003e\u003cdiv class=\"course-sec\"\u003e\u003col style=\"list-style-type: upper-roman;\"\u003e \u003cli\u003eInternal Controls \u003col style=\"list-style-type: upper-alpha;\"\u003e \u003cli\u003eIntroduction\u003c\/li\u003e \u003cli\u003eWhat Are Internal Controls?\u003c\/li\u003e \u003cli\u003eControl Environment\u003c\/li\u003e \u003cli\u003eRisk Assessment\u003c\/li\u003e \u003cli\u003eControl Activities\u003c\/li\u003e \u003cli\u003eAccounts receivable Internal Controls\u003c\/li\u003e \u003cli\u003ePolicies and Procedures (P\u0026amp;P)\u003c\/li\u003e \u003cli\u003eAudit and Key Terms\u003c\/li\u003e \u003cli\u003eFraud\u003c\/li\u003e \u003cli\u003eConsequences of Inadequate Internal Controls\u003c\/li\u003e \u003c\/ol\u003e \u003c\/li\u003e \u003cli\u003eUnderstanding Your B2b Customer's Procure to Pay Process (P2P) \u003col style=\"list-style-type: upper-alpha;\"\u003e \u003cli\u003eIntroduction\u003c\/li\u003e \u003cli\u003eNon-PO Purchases\u003c\/li\u003e \u003cli\u003ePO Purchases\u003c\/li\u003e \u003cli\u003eThe Perfect Invoice\u003c\/li\u003e \u003cli\u003eDSO And DPO 33\u003c\/li\u003e \u003cli\u003eSending Statements of Past Due Invoices\u003c\/li\u003e \u003cli\u003eAP And Procure-To-Pay Best Practices\u003c\/li\u003e \u003cli\u003eConclusion\u003c\/li\u003e \u003c\/ol\u003e \u003c\/li\u003e \u003cli\u003eCustomer Master File \u003col style=\"list-style-type: upper-alpha;\"\u003e \u003cli\u003eIntroduction\u003c\/li\u003e \u003cli\u003eOwnership\u003c\/li\u003e \u003cli\u003eCustomer File Documentation\u003c\/li\u003e \u003cli\u003eVerifying Customer Data\u003c\/li\u003e \u003cli\u003eUpdating the Customer Master File\u003c\/li\u003e \u003cli\u003eEntering and Securing CMF Data\u003c\/li\u003e \u003cli\u003eCycle Time\u003c\/li\u003e \u003cli\u003eConclusion\u003c\/li\u003e \u003c\/ol\u003e \u003c\/li\u003e \u003cli\u003eCredit Management \u003col style=\"list-style-type: upper-alpha;\"\u003e \u003cli\u003eIntroduction\u003c\/li\u003e \u003cli\u003eCredit Management\u003c\/li\u003e \u003cli\u003ePolicy and Procedures (P\u0026amp;P) for the Credit Manager\u003c\/li\u003e \u003cli\u003eNew Customer Credit\u003c\/li\u003e \u003cli\u003eCredit Application\u003c\/li\u003e \u003cli\u003eAssigning A Credit Line\u003c\/li\u003e \u003cli\u003eRelationship Between Credit and Sales\u003c\/li\u003e \u003cli\u003eResources for Credit Managers and The Customer Master File\u003c\/li\u003e \u003cli\u003eFinancial Statement Analysis\u003c\/li\u003e \u003cli\u003eInternal Credit Score \u003c\/li\u003e \u003cli\u003eTerms and Payment Methods\u003c\/li\u003e \u003cli\u003eNew Customer Acceptance Letter\u003c\/li\u003e \u003cli\u003eCredit and Existing Customers\u003c\/li\u003e \u003cli\u003eMetrics\u003c\/li\u003e \u003cli\u003eBest Practice Summary\u003c\/li\u003e \u003c\/ol\u003e \u003c\/li\u003e \u003cli\u003eCash Application, Deductions, and Dispute Management \u003col style=\"list-style-type: upper-alpha;\"\u003e \u003cli\u003eIntroduction\u003c\/li\u003e \u003cli\u003ePayment Types and Methods\u003c\/li\u003e \u003cli\u003eInternational Payments\u003c\/li\u003e \u003cli\u003eCash Application\u003c\/li\u003e \u003cli\u003eDispute Management\u003c\/li\u003e \u003cli\u003eBest Practices\u003c\/li\u003e \u003cli\u003eConclusion\u003c\/li\u003e \u003c\/ol\u003e \u003c\/li\u003e \u003cli\u003eCollections \u003col style=\"list-style-type: upper-alpha;\"\u003e \u003cli\u003eIntroduction\u003c\/li\u003e \u003cli\u003eCollections Prioritization\u003c\/li\u003e \u003cli\u003eCollection Technology\u003c\/li\u003e \u003cli\u003eCollections Staff\u003c\/li\u003e \u003cli\u003eCollection Methods\u003c\/li\u003e \u003cli\u003eAdditional Practices and Tools\u003c\/li\u003e \u003cli\u003eCompliance\u003c\/li\u003e \u003cli\u003eBankruptcy\u003c\/li\u003e \u003cli\u003eBest Practice\u003c\/li\u003e \u003cli\u003eConclusion\u003c\/li\u003e \u003c\/ol\u003e \u003c\/li\u003e \u003cli\u003eAccounting, Records, and Associated Regulations \u003col style=\"list-style-type: upper-alpha;\"\u003e \u003cli\u003eIntroduction\u003c\/li\u003e \u003cli\u003eAccounting Definitions\u003c\/li\u003e \u003cli\u003eFinancial Reporting and Account Standards\u003c\/li\u003e \u003cli\u003eGeneral Ledger\u003c\/li\u003e \u003cli\u003eMonth-End Close\u003c\/li\u003e \u003cli\u003eFinancial Statements\u003c\/li\u003e \u003cli\u003eAuditing—Internal and External\u003c\/li\u003e \u003cli\u003eRecord Retention\/Destruction\u003c\/li\u003e \u003cli\u003eOther Regulations\u003c\/li\u003e \u003cli\u003eUnclaimed Property\/Escheatment\u003c\/li\u003e \u003cli\u003eConclusion\u003c\/li\u003e \u003c\/ol\u003e \u003c\/li\u003e\n\u003c\/ol\u003e\u003c\/div\u003e\u003ch3 id=\"requirements\"\u003eRequirements\u003c\/h3\u003e\u003cdiv class=\"course-sec\"\u003e\n\u003cp\u003e\u003cstrong\u003eRequirements:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eHardware Requirements:\u003c\/p\u003e\n\u003cul\u003e \u003cli\u003eThis course can be taken on either a PC, Mac, or Chromebook.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eSoftware Requirements:\u003c\/p\u003e\n\u003cul\u003e \u003cli\u003ePC: Windows 10 or later.\u003c\/li\u003e \u003cli\u003eMac: macOS 12 or later.\u003c\/li\u003e \u003cli\u003eBrowser: The latest version of Google Chrome or Mozilla Firefox is preferred. Microsoft Edge and Safari are also compatible.\u003c\/li\u003e \u003cli\u003e Microsoft Word Online \u003c\/li\u003e \u003cli\u003e Adobe Acrobat Reader \u003c\/li\u003e \u003cli\u003eSoftware must be installed and fully operational before the course begins.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eOther:\u003c\/p\u003e\n\u003cul\u003e \u003cli\u003eEmail capabilities and access to a personal email account.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eInstructional Material Requirements:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe instructional materials required for this course are included in enrollment and will be available online.\u003c\/p\u003e\n\u003c\/div\u003e\u003ch3 id=\"prerequisites\"\u003ePrerequisites\u003c\/h3\u003e\u003cdiv class=\"course-sec\"\u003e\n\u003cp\u003e\u003cstrong\u003ePrerequisites:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThere are no prerequisites required to complete this course.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCertification Requirements: \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe Accounts Receivable Specialist Certification course is specifically designed to help individuals with prior accounts receivable knowledge become certified. IOFM recommends that you meet one of the following for ARS certification:\u003c\/p\u003e\n\u003cul\u003e \u003cli\u003eNo degree = 3 yrs. Accounts receivable experience\u003c\/li\u003e \u003cli\u003e2-year degree = 2 yrs. Accounts receivable experience\u003c\/li\u003e \u003cli\u003e4-year degree = 1 yr. Accounts receivable experience\u003c\/li\u003e\n\u003c\/ul\u003e You've got questions.\u003cbr\u003e We're here to help.\u003c\/div\u003e\u003ch3 id=\"instructor\"\u003eInstructor\u003c\/h3\u003e\u003cdiv class=\"course-sec\"\u003e\n\u003cp\u003e\u003cstrong\u003eSteve Fulmer\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eSteve Fulmer is the Director of Digital Transformation at South Mill Mushroom LLC, bringing over 20 years of finance and accounting experience. He focuses on stabilizing and optimizing financial processes while ensuring data integrity.\u003c\/p\u003e\n\u003cp\u003eSteve began his career in a Fortune 100 chemical company, progressing through roles in tax, financial analysis, and corporate controllership. Before his current role, he served as financial controller for the U.S. operations.\u003c\/p\u003e\n\u003cp\u003eAt South Mill, Steve started as a senior accountant, later becoming accounting manager, overseeing the financial close and managing accounts payable and receivable teams. He earned an Accounts Receivable Manager Certification from IOFM, which helped improve DSO and reduce turnover.\u003c\/p\u003e\n\u003cp\u003eSteve holds a bachelor's degree in accounting and an MBA in organizational development from Widener University. He has undergone extensive leadership training focused on team building and communication, and now facilitates leadership courses for employees. He is passionate about learning, teaching, and building high-performing teams, believing in celebrating successes and having fun.\u003c\/p\u003e\n\u003c\/div\u003e\u003ch3 id=\"faqs\"\u003eFAQs\u003c\/h3\u003e\u003cdiv class=\"course-sec\"\u003e\n\u003cp\u003e\u003cstrong\u003eWhat is the average salary for an accounts receivable specialist?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eAccording to Glassdoor, the median salary for an accounts receivable specialist is $58,000, while the median salary for an accounts receivable manager is $79,000. As technology changes the landscape of financial operations and companies seek to optimize cash flow, skilled accounts receivable professionals can leverage in-demand technical and strategic skills to increase their compensation.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eWhat does an accounts receivable specialist do?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eAn accounts receivable specialist manages the money owed to a company by its customers. They ensure timely payment of invoices, maintain accurate financial records, and resolve any payment discrepancies. Essentially, they handle the bookkeeping and accounting related to incoming payments.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eDoes this course prepare you for a certification?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eYes. Upon successful completion of the course and final exam, you will earn the Accounts Receivable Specialist designation.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eHow long does it take to complete this course?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eAfter you register, you will receive 3 months to complete the course. The time allotted for completion has been calculated based on the number of course hours.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eWhen can I start this course?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThis course is open enrollment, so you can register and start the course whenever you are ready. Access to your course can take 24-48 business hours.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eWhat if I don't have enough time to complete the course within the time frame provided?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe time allotted for course completion has been calculated based on the number of course hours. However, if you are unable to complete the course, contact the student advising team to see what options you may have available to work out a suitable completion date. Please note that an extension fee may be charged.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eWhat kind of support will I receive?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eOur courses are designed to accommodate various learning preferences. Depending on the course structure, you may get different forms of support. Self-paced courses are designed to be user-friendly and independent, minimizing the need for external support. In courses with instructors, our direct platform support feature includes opportunities for questions, discussions, and remediation, with email and phone support available for select courses. Our student advising team is available to guide you on program requirements and administrative requests, but they do not provide assistance with course content. Our goal is to provide you with the necessary support for success, whether it's through self-paced exploration, direct communication, or guidance from our advising team.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eWhat happens when I complete the course?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eUpon successfully passing the final exam, you will be awarded a certificate of completion from the school or organization that you registered through.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eAm I guaranteed a job?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eed2go courses will help you gain the skills you need to obtain an entry-level position in most cases. However, you should always research the job market in your area before enrolling.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eCan I get financial assistance?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eed2go courses are non-credit, so they do not qualify for federal aid, FAFSA, and Pell Grant. In some states, vocational rehab or workforce development boards may provide funding to take our courses. Additionally, you may qualify for financial assistance if you meet certain requirements. Learn more about financial assistance. \u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eHow can I get more information about this course?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eIf you have questions that are not answered on our website, representatives are available via LIVE chat. You can also call us at 1-877-221-5151 during regular business hours to have your questions promptly answered. If you are visiting us during non-business hours, please send us a question using the \"Contact Us.\"\u003c\/p\u003e Related Courses Accounts Payable Specialist Certification (Exam Cost Included) \u003cbr\u003e CAREER TRAINING PROGRAM $1399.00 USD https:\/\/careertraining.ed2go.com\/1111\/training-programs\/accounts-payable-specialist-certification-exam-cost-included\/ LEARN MORE \u003ci class=\"fa fa-calendar ed-cat-week\" aria-hidden=\"true\"\u003e\u003c\/i\u003e3 Months \u003ci class=\"fa fa-clock-o ed-cat-week\" aria-hidden=\"true\"\u003e\u003c\/i\u003e30 Course Hours Accounts Payable Manager Certification (Exam Cost Included) \u003cbr\u003e CAREER TRAINING PROGRAM $1399.00 USD https:\/\/careertraining.ed2go.com\/1111\/training-programs\/accounts-payable-manager-certification-exam-cost-included\/ LEARN MORE \u003ci class=\"fa fa-calendar ed-cat-week\" aria-hidden=\"true\"\u003e\u003c\/i\u003e3 Months \u003ci class=\"fa fa-clock-o ed-cat-week\" aria-hidden=\"true\"\u003e\u003c\/i\u003e30 Course Hours Accounts Payable Specialist Certification with Microsoft Excel (Voucher Included) \u003cbr\u003e BUNDLE $2010.00 USD Save $134.00 (6%OFF) https:\/\/careertraining.ed2go.com\/1111\/training-programs\/accounts-payable-specialist-certification-with-microsoft-excel-voucher-included\/ LEARN MORE \u003ci class=\"fa fa-check-square ed-cat-week\" aria-hidden=\"true\"\u003e\u003c\/i\u003eVoucher Included \u003ci class=\"fa fa-calendar ed-cat-week\" aria-hidden=\"true\"\u003e\u003c\/i\u003e9 Months \u003ci class=\"fa fa-clock-o ed-cat-week\" aria-hidden=\"true\"\u003e\u003c\/i\u003e100 Course Hours You've got questions.\u003cbr\u003e We're here to help.\u003c\/div\u003e","brand":"Hope Training Academy","offers":[{"title":"Default Title","offer_id":47318452732092,"sku":"_GES2184","price":1599.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0742\/1391\/6860\/files\/GES2184.jpg?v=1787604187","url":"https:\/\/shop.videogamepalooza.org\/products\/accounts-receivable-specialist-certification-exam-cost-included","provider":"Video Game Palooza","version":"1.0","type":"link"}