Order to Cash O2C Receivables DSO guide Expert V20
What you’ll learn
Good overview of the Order to Cash End to end process
Understand all the key concepts of O2C, Accounts Receivables and the impact it has on operations
Master the factors which impact Accounts Receivables, DSO and steps to improve the DSO and gain expertise in collections and working capital management.
Awareness of the lesser known components which can swing the DSO.
Acquire a fair idea of the roles and responsibilities in each of the teams.
Become proficient in accounting journal entries
Learn the importance of Credit risk assessment, Factoring and Escheatment process.
You will be considered as a subject matter expert and become a valuable resource in Order to Cash team for any organization
BONUS – A downloadable PDF comprising of Accounting Journal Entries – A simple compilation
Requirements
This course is designed in a simple layman language and anyone who doesn’t have prior knowledge also can understand the basic concepts
Description
Be an expert in O2C. Updated in Oct 2023.DSO Computation worksheet and IDEAL DSO worksheet – Downloadable resource attached to Lecture 48. <<< Dont Miss it >>>New Section 11 added to test your knowledge – 193 questions added as part of O2C practice test 2 Updated in Feb 2023.New Section 11 added to test your knowledge – 68 questions added as part of O2C practice test 1Welcome to the world of Order to Cash. We will make an honest effort to cover all relevant topics in the Order to Cash cycle.DSO made simpler for you: Factors impacting DSO, Why DSO swings and How you can make a difference in the overall working capital management.” The best course to understand the dynamics of AR and DSO””Process -> Levers -> Collections ->Working Capital -> DSO ” This course will be covered at multiple levels :High level O2C Process with 6 major groups3 subgroups explained under each of the groups andDeep dive into each of the subgroups and activities (with few practical examples and explanations)This course will provide an overview of the following conceptsOrder Management – Prospect becoming a Customer,Order fulfillment – Delivery of goods or services and post fulfilment,Invoicing, Invoice generation and Invoice circulation,Revenue including Deferred Revenue and Unbilled Revenue,Discounts and types of discountsAccounts receivables – Collection follow up strategy, Dunning process, Payment accounting, Cash application, Credit handling, BRS, Factors impacting DSO, Allowance for doubtful debts etc.Reporting of Revenue and Receivables – Analysis and Business insights , Visual dashboards Special topics like Customer, Credit rating, DSO Swings , Escheatment process, Factoring, etc.Few Interview Questions specific to Order to Cash Accounting Journal entries pertaining to end to end process useful for aspiring SAP professionals.You can take up this course to understand some of the concepts and controls in O2C more specifically Accounts receivables and DSO, to perform better in your current role.This course is relevant for all stages of your career – beginner, mid-level or senior levels.This course is designed in a simple layman language and anyone who doesn’t have prior knowledge also can understand the basic conceptsThis course can also be used for induction training for any levels
Overview
Section 1: Order to Cash
Lecture 1 Order to Cash – Process Overview
Section 2: Order to cash – Order Management
Lecture 2 Order Management – Introduction
Lecture 3 Order Management – Opportunity
Lecture 4 Order Management – Credit rating
Lecture 5 Order Management – Contracts
Lecture 6 Order Management – A day in order management team
Section 3: Order to Cash – Order Fulfilment
Lecture 7 Order Fulfilment – Introduction
Lecture 8 Order Fulfilment – Goods
Lecture 9 Order Fulfilment – Services
Lecture 10 Order Fulfilment – Post Fulfilment
Lecture 11 Order Fulfilment – A day in Order Fulfilment team
Section 4: Order to Cash – Invoicing
Lecture 12 Invoicing – Introduction
Lecture 13 Invoicing – Master set-up
Lecture 14 Invoicing – Illustration on Revenue
Lecture 15 Invoicing – Illustration on Discounts
Lecture 16 Invoicing – Invoice Generation and Submissions
Lecture 17 Invoicing – A day in Invoicing team
Section 5: Order to Cash – Collection Follow-up
Lecture 18 Collection Follow-up – Introduction
Lecture 19 Collection Follow-up – Accounts Receivables
Lecture 20 Collection Follow-up – Illustration on Accounts Receivables
Lecture 21 Collection Follow-up – Follow-up Strategy
Lecture 22 Collection Follow-up – Illustration on Dunning letters
Lecture 23 Collection Follow-up – Collection Forecasting
Lecture 24 Collection Follow-up – A day in Collection Follow-up team
Section 6: Order to Cash – Payment Accounting
Lecture 25 Payment Accounting – Introduction
Lecture 26 Payment Accounting – Cash Application
Lecture 27 Payment Accounting – Credits
Lecture 28 Payment Accounting – Illustration on Credits
Lecture 29 Payment Accounting – BRS Open items
Lecture 30 Payment Accounting – A day in Payment Accounting team
Section 7: Order to Cash – Reporting
Lecture 31 Reporting – Introduction
Lecture 32 Reporting – Revenue & Receivables
Lecture 33 Reporting – Provision for Doubtful Debts with Illustration
Lecture 34 Reporting – DSO with Illustration
Lecture 35 Reporting – Visual Dashboards
Lecture 36 Reporting – A day in Reporting team
Section 8: Order to Cash – Accounting Journal Entries
Lecture 37 Order to Cash – Accounting Journal Entries
Section 9: Order to Cash – Factors impacting DSO
Lecture 38 DSO Impact – Contractual Documentation
Lecture 39 DSO Impact – Payment Terms
Lecture 40 DSO Impact – Invoice generation frequency
Lecture 41 DSO Impact – Invoice Submissions
Lecture 42 DSO Impact – Payment Mode
Section 10: Order to Cash – DSO Swing – Illustrations
Lecture 43 DSO Swing – Introduction
Lecture 44 DSO Swing – Revenue skewed in a month – Illustration
Lecture 45 DSO Swing – Quarter end Acquisitions – Illustration
Lecture 46 DSO Swing – Revenue growth in High Pay terms – Illustration
Lecture 47 DSO Swing – Aged AR collection & PDD – Illustration
Lecture 48 DSO Swing – Unmapped Credits & PDD – Illustration
Section 11: Test your knowledge – Practice Section
Section 12: Bonus – Interview Questions (IQ)
Lecture 49 IQ – Explain end to end process of O2C
Lecture 50 IQ – How would you improve collections ?
Lecture 51 IQ – Early collection alternatives or options?
Lecture 52 IQ – Internal Controls
Section 13: Accounting Journal Entries – A simple compilation
Lecture 53 Accounting Journal Entries
All Finance professionals who want to make a career in Order to Cash (O2C) Process,All Finance professionals who want to effectively manage Accounts receivables, Collections, DSO etc,All Finance professionals who want to learn the tricks of improving collections and reducing DSO,This course is relevant for all stages of your career – beginner, mid-level or senior levels.
Course Information:
Udemy | English | 1h 57m | 1.65 GB
Created by: Sonu Thomas
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