Accounts Receivable Manager Certification (Exam Cost Included)

Staffing trends and continued organizational demand will continue to drive the need for highly trained accounts receivable professionals. Cash management is a top concern for financial operations teams and their CFOs, who are worried about whether enough money is arriving to meet the needs of the business, customers' experience dealing with the company, protecting the company's cash from fraud, and the cost of performing these processes. Accounts receivable is a key strategic role player in...

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3 Months / 35 Course Hrs
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Accounts Receivable Manager Certification (Exam Cost Included)

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Course code: GES2185

What you will learn

  • Review peer-tested best practices and strategies for managing the payment process
  • Understand regulations accounts receivable must comply with
  • Learn what makes a good leader in accounts receivable
  • Discover how to identify various accounts receivable department structures and their roles in accelerating credit review, receivables monitoring, and reporting
  • Comprehend how to analyze both financial and non-financial factors impacting credit decisions, and demonstrate the ability to create effective credit policies and procedures aligned with customer needs and organizational tools

How you will benefit

  • Earn a certification from IOFM, a recognized and respected authority in financial operations
  • Advance 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
  • Stand out as an attractive job candidate with valuable skills that will help to improve efficiency and generate savings for any organization

How the course is taught

  • Self-paced, online course
  • 3 Months to complete
  • Open enrollment, begin anytime
  • 35 course hours
  1. Organizing the Accounts Receivable Department
    1. Introduction
    2. How Accounts Receivable Fits Within the Broader Business Structure
    3. Interdepartmental Communication
    4. Accounts Receivable Roles and Responsibilities
    5. How Responsibilities Change with Automation
    6. How Accounts Receivable Responsibilities Change When the Work Is Outsourced
    7. Why New Hires Will Require New Skills
    8. Conclusion
  2. Credit Management
    1. Introduction
    2. Credit Management
    3. Policy & Procedures (P&P) for the Credit Manager
    4. New Customer Credit
    5. Credit Application
    6. Assigning a Credit Line
    7. Relationship Between Credit and Sales
    8. Resources for Credit Managers and the Customer Master File
    9. Financial Statement Analysis
    10. Internal Credit Score
    11. Terms and Payment Methods
    12. New Customer Acceptance Letter
    13. Credit and Existing Customers
    14. Metrics
    15. Best Practice
  3. Customer Master File
    1. Introduction
    2. Ownership
    3. Customer File Documentation
    4. Verifying Customer Data
    5. Updating the Customer Master File
    6. Entering and Securing CMF Data
    7. Cycle Time
    8. Conclusion
  4. Accounts Receivable Metric Reporting and Analysis
    1. Introduction
    2. Aging Reports
    3. DSO Reporting
    4. Bad Debt Reporting
    5. Collection Effectiveness Index (CEI)
    6. Receivables Turnover Ratio (RTR)
    7. Credit Risk Analysis
    8. Conclusion
  5. Accounting, Records, and Associated Regulations
    1. Introduction
    2. Accounting Definitions
    3. Financial Reporting and Account Standards
    4. General Ledger
    5. Month‐End Close
    6. Financial Statements
    7. Auditing—Internal and External
    8. Record Retention/Destruction
    9. Other Regulations
    10. Unclaimed Property/Escheatment
    11. Conclusion
  6. Technology
    1. Introduction
    2. Automated Accounts Receivable Functions
    3. Technology and Tools
    4. Technology Is Here to Stay
  7. Process Management
    1. Introduction
    2. The Rationale for Process Management
    3. Good Processes Enhance Cash Flow
    4. Selling the Accounts Receivable Asset
    5. Activity‐Based Management (ABM)
    6. Benchmarking
    7. The Challenge of Change
    8. Communication Tools
    9. Accounts Receivable Organizational Structure
    10. Business Continuity Planning and Disaster Recovery
    11. Looking Ahead
    12. Conclusion
  8. Leadership and Team Management in Accounts Receivable, Credit & Collections
    1. Introduction
    2. Leadership Skills
    3. Becoming a Better Leader
    4. Business Ethics and Integrity
    5. Conclusion

Jess Scheer

Jess Scheer, Executive Editor, IOFM, is an award-winning business reporter focusing on financial operations. He has spent more than 25 years creating must-have content for professionals in the finance arena. He serves as Executive Editor of the Institute of Finance and Management (IOFM) and the Cash Management Leadership Institute (CMLI).

Prerequisites:

There are no prerequisites required to complete this course.

Certification Requirements:

While there are no prerequisites to taking this course, IOFM recommends that you meet one of the following for the Accounts Receivable Manager Certification:

  • No degree = 5 yrs. related work experience
  • 2-year degree = 4 yrs. related work experience
  • 4-year degree = 2 yrs. related work experience
  • Advanced degree = 1 yr. related work experience

Requirements:

Hardware Requirements:

  • This course can be taken on either a PC, Mac, or Chromebook.

Software Requirements:

  • PC: Windows 10 or later.
  • Mac: macOS 10.6 or later.
  • Browser: The latest version of Google Chrome or Mozilla Firefox is preferred. Microsoft Edge and Safari are also compatible.
  • Microsoft Word Online
  • Adobe Acrobat Reader
  • Software must be installed and fully operational before the course begins.

Other:

  • Email capabilities and access to a personal email account.

Instructional Material Requirements:

The instructional materials required for this course are included in enrollment and will be available online.

About Certification: Institute of Finance and Management (IOFM)

The Institute of Finance and Management (IOFM), a globally recognized authority in financial operations, offers respected certifications like Accounts Payables Specialist/Manager (APS/APM) and Accounts Receivables Specialist/Manager (ARS/ARM) to over 25,000 professionals, backed by a rigorous curriculum developed with testing experts. With a history of empowering financial professionals through flexible, multi-language programs and resources like webinars and conferences, IOFM's certifications enhance career prospects, earning recognition from Fortune 500 companies and boosting team efficiency. Certified individuals gain access to IOFM's extensive library of 3,000+ tools, digital badges, and continuing education opportunities, making these credentials a valuable asset for mastering compliance, automation, and process optimization in Accounts Payable, Procure-to-Pay, and Accounts Receivable.

According 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.

Yes. Upon completing the program, learners will take the exam to demonstrate their ability to manage the accounts receivable process and earn the Accredited Receivables Manager (ARM) designation.

After 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.

This 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.

The 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.

Our 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.

Upon successfully passing the final exam, you will be awarded a certificate of completion from the school or organization that you registered through.

ed2go 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.

ed2go 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.

If 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."

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