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What is the key consideration for success in the management of accounts receivable?
Wiki User
∙ 12y ago
The key is the number of days in which the credit is collected by the company. Bad debt percentage alone is not the ultimate measure, it is a combination of different credit control percentages along with the time within which debts are collected that matter.
Wiki User
∙ 12y ago
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Why is the bad debt percentage or any similar credit-control percentage is not the ultimate measure of success in the management of account receivable and what is the key consideration?
The key consideration is profitable income. For every bad debt percentage there is possible liquid income or assets. After excluding revolving credits and living expenses there can be an available amount for collateral.
Explain why the bad debt percentage or any similar credit-control percentage is not the ultimate measure of success in the management of account receivable What is the key consideration?
The key is the number of days in which the credit is collected by the company. Bad debt percentage alone is not the ultimate measure, it is a combination of different credit control percentages along with the time within which debts are collected that matter.
What is the Role of accounts in an organization?
Vital! The accounts are an essential element of the management information system. They tell management, in financial terms, what the company/organisation has done, but, more importantly, the accounts provide a basis for decision making. Although organisations are dependent on external factors for survival, careful management of resources (by means of accountinng information) can help to mitigate losses, but also must be used facilitate the identification and exploitation of opportunities. The accounts can provide various measures of efficiency and effectiveness, from identifying co-relationships between marketing activity and sales, to staff and asset performance. Good accounting can be used in a predictive way, and as a basis for rewarding those within the company/organisation who contributed to past success. Accounts can be an incentive to better business. Good budgeting therefore plays a part, all part of a good accounting system. The essence of good accounts includes accuracy, timeliness and clarity and simplicity of format, so that all users can make informed decisions.
What is the relationship of accounting in the management of an organization?
It's a question of resources, isn't it? Management accounting is the evaluation of the organizations' resources, and a complete knowledge of one's resources is necessary for business decisions: planning (identifying goals & objectives), organizing (structuring departmental resources to meet said goals), leading (maintaining morale & managing communication and employee relationships), and controlling (determining measurements of success and developing toward achieving them).
Do you agree that accounting is vital to the success of a business?
do you agree. "accounting is vital to the success of a business" explain
Why is the bad debt percentage or any similar credit-control percentage is not the ultimate measure of success in the management of account receivable and what is the key consideration?
The key consideration is profitable income. For every bad debt percentage there is possible liquid income or assets. After excluding revolving credits and living expenses there can be an available amount for collateral.
Explain why the bad debt percentage or any similar credit-control percentage is not the ultimate measure of success in the management of account receivable What is the key consideration?
The key is the number of days in which the credit is collected by the company. Bad debt percentage alone is not the ultimate measure, it is a combination of different credit control percentages along with the time within which debts are collected that matter.
what are THE SUCCESS FACTOR OF STRATEGIC MANAGEMENT IN AN ORGANIZATION?
management
What consideration has enhanced appreciation of intellectual capital?
In service businesses, and even in industrial and retail enterprises, there is general recognition that astute knowledge management leads to innovation and value creation, and therefore company success.
What is the management?
Management is the process of coordinating objectives of an organization or a business in order to achieve success.
Chances of success in behavior management DECREASE?
Factors that can decrease success in behavior management include inconsistent consequences, lack of clear expectations, and ineffective communication between stakeholders. Additionally, overwhelming or unrealistic goals can also decrease the chances of success in behavior management efforts.
What are the key success factors in management control system?
four factors that determined the success of a control methods
How do you rate your management skills?
based on the achievement or success of your employees
What is School of Facility Management Groningen's motto?
School of Facility Management Groningen's motto is 'Turning Ambition into Success'.
What has the author Shombit Sengupta written?
Shombit Sengupta has written: 'Jalebi management' -- subject(s): Management, Success in business
Management topics for graduate program thesis?
There are a number of thesis options for the topic of management. These include the success and failures of management styles, what makes management projects fail, and the pros and cons to outsourcing for project management.
Why is time management necessary?
Time management is required for success. Time management allows an individual to accomplish more, make better decisions, and work more efficiently.
