Accounts Receivable Management – Discussion

Examine the five (5) steps to managing accounts receivable. Speculate on the step that is most vulnerable to fraud. Suggest at least two (2) actions that a company can take in order to protect this step from fraud.
Imagine that your company has tasked you with developing a plan for factoring accounts receivables. Create one (1) scenario that demonstrates the key benefits and / or detriments to your company from factoring accounts receivable.

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Discussion

Part 1

Several steps are used in the management of accounts receivable. These steps include determining who receives credit, establishing payment period, monitoring collections, evaluating the liquidity of receivables, and accelerating cash receipts from accounts receivables.

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