Total Marks 10
Starting Date Friday, August 02, 2019
Closing Date Wednesday, August 07, 2019
Question Title Receivables Management
Topic for Discussion: “Receivables Management”
To assess the knowledge related to accounts receivables management
To understand the process of receivables management
To understand the importance of credit policies for customers
To know the importance of receivables management software for the business
To understand how effectively receivables can be managed through automation
Does every customer pay in time for his outstanding invoices? Has the already requested payment amount finally arrived? This is where receivables management play its role for the companies. It is in fact, one of the most concerned areas where companies strive to keep cash collection cycle as quick as they can to maintain liquidity. However, in case of bigger customer base, it becomes more difficult for the companies to keep track their receivables. There are several researches related to working capital and receivables management already done in the past. Most of them came up by saying that it is more like a technological phenomenon where automation of the system has significant impact for effective management of receivables. Therefore, incorporation of a good receivables management software in existing system of the companies is a key to survive where technology is rapidly changing and reshaping the business environment.
Being the student of Managerial Accounting, you are supposed to comment on the importance of receivables management software for the companies and how it can bring automation in the system?
Carefully review your GDB before submission as it cannot be replaced once it is submitted.
Your discussion must be based on logical aspects of the topic requirements with proper justification.
Use the font style “Times New Roman” and font size “12”.
Your answer should be relevant to the topic i.e. clear and concise.
Word limit for GDB is 250.
Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references.
You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed.
Obnoxious or ignoble answer should be strictly avoided.
You cannot participate in the discussion after the due date via email.
Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDBs in the overview tab of the course website on VULMS.