ACCA_SME

ACCA SME Unit · @ACCA_SME

18th Aug 2014 from TwitLonger

ACCA guidance on managing working capital, trade credit and collections


'What guidance can ACCA provide on managing working capital, trade credit and collections? We were asked this question recently and the answer is, 'tons!'. See a selection below:

Latest ACCA credit control guidance: http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2011/august/guide-credit-control.html
ACCA/CBI research on credit management among SMEs: http://www.accaglobal.com/content/dam/acca/global/PDF-technical/small-business/pol-af-sbf.pdf Emphasises the need to maintain close relationships with customers.
Detailed case studies on what successful management of late payments and collections can look like, pp 23 onwards: http://www.accaglobal.com/content/dam/acca/global/PDF-technical/small-business/pol-tp-gp.pdf
General tips on trade credit practices: http://www.accaglobal.com/content/dam/acca/global/PDF-technical/small-business/pol-sb-gp.pdf
ACCA template cashflow forecast: http://www.accaglobal.com/gb/en/business-finance/business-plans/example-cashflow.html#article_text
A discussion of the timing of different types of finance: http://www.accaglobal.com/gb/en/business-finance/right-finance/timing.html
ACCA working capital optimisation course (ACCA members / students only): http://www.accaglobal.com/lk/en/discover/events/global/e-learning/financial-management/cash-management.html
ACCA training material explaining how to formally account for receivables, late payment and bad debt: http://www.accaglobal.com/content/dam/acca/global/PDF-students/2012s/sa_apr10_traderec_F3_CAT1+3.pdf
Advice on measuring the cost of early payment discounts here: http://www.accaglobal.com/content/dam/acca/global/PDF-students/2012t/sa_novdec08_irons.pdf
ACCA general advice on overdrafts - costs, benefits and limitations: http://www.accaglobal.com/gb/en/business-finance/types-finance/overdraft.html#article_text
ACCA guidance on trade loans: http://www.accaglobal.com/gb/en/business-finance/types-finance/trade-loans.html#article_text
ACCA General Guidance on invoice discounting and factoring: http://www.accaglobal.com/gb/en/business-finance/types-finance/cashflow-invoice.html
Guidance for Directors considering invoice discounting: http://www2.accaglobal.com/pubs/uk/members/support/public_practice/resource_centre/general/directors_briefing/finance_sources/factoring_and_discounting.pdf
Learning material for student accountants, including how to calculate the true cost of factoring: http://www.accaglobal.com/content/dam/acca/global/PDF-students/2012t/sa_oct08_irons.pdf
Worked examples of how the business case for factoring can be assessed: http://www.accaglobal.com/gb/en/student/acca-qual-student-journey/qual-resource/acca-qualification/f9/technical-articles/alternative-receivables-collection-techniques.html
ACCA/Aite Group guide to reverse factoring: http://www.accaglobal.com/an/en/technical-activities/technical-resources-search/2014/june/a-study-of-the-business-case-for-supply-chain-finance.html
ACCA guidance on comparing the cost of different types of finance: http://www.accaglobal.com/us/en/business-finance/right-finance/costs-finance.html
TAN Guidance on credit collections, with input from ACCA: http://www.tan.org.uk/media/upload/FI20Debt%20Recovery.pdf
ACCA Guidance on setting KPIs: http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2013/december/guide-key-performance-indicators.html
ACCA course on setting KPIs (ACCA members / students only): http://www.accaglobal.com/pk/en/discover/events/global/e-learning/financial-management/key-performance.html
ACCA course on financial control in SMEs: Financial control in SMEs (ACCA members / students only) http://www.accaglobal.com/in/en/discover/events/global/e-learning/financial-management/financial-smes.html

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