ACCOUNTS

RECEIVABLE
& CREDIT
POLICIES
MANAGEMENT
17 & 18 Oct 2022
Concorde Hotel, KL

Hybrid Training– Available on Zoom & physical

platform at 5 star hotel venue in KL
(Subject to MKN guidelines)
ACCOUNTS RECEIVABLE &
CREDIT POLICIES MANAGEMENT

OVERVIEW OBJECTIVES
This is an intensive workshop on accounts By the end of the programme, participants will be able
receivable and credit policies management. Sales to:
are important in business; however it is essential ‡ 'HILQHWKHIXQFWLRQRI$FFRXQWV5HFHLYDEOH
to ensure that the amounts sold on credit are  $5 DQGLWVUROHLQRUJDQLVDWLRQV
ultimately received on a well-timed basis with ‡ 5XQWKH$FFRXQWV5HFHLYDEOHSURFHVVPRUH
minimal bad debt losses. efficiently
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WHO SHOULD ‡ 'HYHORSHIIHFWLYHFUHGLWSROLFLHVWKDWPHHW

company's objectives
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in accounting and finance who interact with
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page 2

For enquiries, call +60 (3) 56213630 or

email: info@comfori.com
 ACCOUNTS RECEIVABLE &
CREDIT POLICIES MANAGEMENT

PROFILE SPEAKER
Mr. Ng K. K
Chartered Accountant, MIA, fellow member of the Association of Chartered Certified Accountants (ACCA), UK

Mr. Ng K.K. is a Chartered Accountant and has more than twenty years of auditing, accounting and company
secretarial experience across various industries. Previously, he worked with one of the international
accounting firms in the audit and advisory services and covered industries like agriculture, manufacturing,
trading, marketing, banking and finance, and construction. He has served as a director and company
secretary to several small family related firms.

Mr. Ng is a member of the Malaysian Institute of Accountants (MIA) and fellow member of the Association of
Chartered Certified Accountants (ACCA), UK.

At MIA, he is a member of the Financial Reporting Standards Implementation Committee (FRSIC) of MIA.
FRSIC provides professional counsel to the preparers of financial statements and the investment community
through issuance of implementation guidance of the approved accounting standards in Malaysia.
Additionally, he also serves in the SSM Committee of MIA that seeks to help members of the MIA deal with
legal issues, in particular when dealing with SSM, LLP and various other issues.

Furthermore, he also serves as a member of ACCA Malaysia’s Technical Committee member that provides
advice on technical issues for members of ACCA besides being a member of ACCA’s Global Forum – Corporate
Reporting, a group of members from around the world that looks at corporate reporting issues.

At the Association of Chinese Chamber of Commerce and Industries Malaysia (ACCCIM), he participates in the
Commerce Committee to look into various issues that affect businessmen.

He has published several research articles and books in accounting and finance, and is a member of Universiti
Tunku Abdul Rahman’s Centre for Centre for Sustainable Development & Corporate Social Responsibility (in
Business) or CSDCSR.

Mr Ng was also an adjudicator of the National Annual Corporate Reports Awards (NACRA) organised by Bursa
Malaysia, MIA and MICPA.

page 3

For enquiries, call +60 (3) 56213630 or

email: info@comfori.com
 ACCOUNTS RECEIVABLE &
CREDIT POLICIES MANAGEMENT

DAY 2
DAY 1 Module 4:
DAY 2
You Made the Sale, It’s Time to Collect Your
Money
Module 1:
4.1 Cash: It’s worth your efforts
Credit Policies Management 4.2 Techniques for faster collection
1.1 Setting credit policies 4.3 Payment processing options

1.2 Approving the credit

Module 5:
1.3 Developing credit controls Keeping in Control
1.4 The need for Accounts Receivable 5.1 Internal controls in AR processes
5.2 AR and the monthly closing of accounts
1.5 The level of Accounts Receivable companies should have
5.3 Outsourcing of Accounts Receivable functions

Module 2: Module 6:
The Credit Department and the Customer The Relationship Between Sales and Credit
6.1 Developing good working relationships between
2.1 Establishing a profitable relationship
the two departments
2.2 Meeting the needs of the customer 6.2 Involving sales in the collection effort

Module 7:
Module 3:
Accounts Receivable Process Analysis
The Billing Process 7.1 Best practices in Accounts Receivable (AR)
3.1 Efficient billing process means faster collection 7.2 AR process improvement
3.2 Preventing the fatal mistake: Sending the bill with errors 7.3 Improving quality of Accounts Receivable
7.4 Aging of Accounts Receivable and bad debts
3.3 The use of technology
reserves
7.5 Alternatives in computing bad debts
7.6 Reducing bad debt write-offs
7.7 Calculating accounts receivable turnover
7.8 Calculating days sales outstanding (DSO)
7.9 Collection Effectiveness Index (CEI)
7.10 Analysing the operating and cash cycle

Workshop Schedule
8.30am Registration and breakfast
9.00am Workshop begins
10.30am Coffee break and networking
10.45am Workshop resumes
12.30pm Luncheon and networking
1.30pm Workshop resumes
page 4
3.15pm Coffee break and networking
For enquiries, call +60 (3) 56213630 or 3.30pm Workshop resumes
email: info@comfori.com 5.00pm End
BOOKKEEPING &
ACCOUNTING SKILLS

OTHER RELATED COURSES

COURSE DATE

Credit Control & Debt Collection 3 & 4-Oct-22

Handling Full Set of Accounts – A Practical Approach - HRDC Claimable 12 & 13-Oct-22

Accounts Receivable & Credit Policies Management - HRDC Claimable 17 & 18-Oct-22

Credit Management and Debt Recovery – Zero Debt Initiative 17 & 18-Oct-22

Enterprise Risk Management 26 & 27-Oct-22

page 5

For enquiries, call +60 (3) 56213630 or

email: info@comfori.com
 FI049 Sales Contract
PAR T IC IPANT S INFOR M ATION

WORKSHOP FEE Name

Email H/P No.

RM2,400/pax Designation Office (Direct Line)
face to face
RM1,680/pax Department Vegetarian Yes No
online
“The price quoted is excluding of 6% SST” Name

Email H/P No.

MODE OF PAYMENT
Designation Office (Direct Line)
Cheque or bank draft in favour of:
Department Vegetarian Yes No
COMFORI SDN.BHD. (581115-T)
E-02-01, East Wing,
Subang Square Business Centre, Name
Jalan SS15/4G, 47500 Subang Jaya,
Selangor, Malaysia Email H/P No.

Payment Via: Designation Office (Direct Line)

Cheque by post/courier
Tele-Transfer Department Vegetarian Yes No
Deposit into Our Account
Name
VEN UE
Email H/P No.
Concorde Hotel Kuala Lumpur
2, Jalan Sultan Ismail, Kuala Lumpur, Designation Office (Direct Line)
50250 Kuala Lumpur, Wilayah
Persekutuan Kuala Lumpur Department Vegetarian Yes No
Tel: +6(03) 2144 2200
For hotel reservations, please book directly COMPANY INFORMATION
with the hotel. Hotel reservations and travel
arrangements are the responsibility of the
registrant. Hotel bills are to be settled by Company
participants directly with the hotel. Note that
the rooms are available at a first come, first
Address
serve basis. Comfori will not be responsible for
hotel reservations. For special room rates,
please quote Comfori’s event: HR Name
Accounts Receivable & Credit
HR Contact Email
Policies Management
17 & 18 Oct 2022
Tel Fax

CONTACT DETAIL S HRDF Registered Employer Yes No

Hafiz Hanafi Signature / Company Stamp

Tel : +60 (3) 5621 3630
Fax : +60 (3) 5638 8248
H/P : +60 (12) 318 0614
Email :
hafiz.hanafi@comfori.com
www.comfori.com

TERMS & CONDITIONS

Course fees include course materials and refreshments unless otherwise stated.
Payment Terms. Once a completed registration form is received by Comfori, an invoice will be issued. Payment must be made within seven (7) days from the date the invoice is issued. Full payment must be received prior to the event date. Comfori
reserves the right to deny admittance to an event if full payment has not been made. Companies that intend to make payments after the event are required to submit a Letter of Undertaking as payment guarantee. Certificate of attendance to the
event will be awarded only after payment is received.
Cancellations and Substitutions. All cancellations must be made in writing at least 14 days prior to the event date. No refunds will be available following a cancellation. However, if full payment had been made, the payment will be credited
towards rescheduled dates or to a future Comfori event. A credit note or a free seat voucher of equivalent value that could be used at future Comfori events will be issued. Comfori reserves the right to charge all hotel booking fees to the client
as the result of a cancellation. Substitutions are always welcome at no extra charges. Substitution of participants must be made at least one (1) working day before the event date.
Note.Comfori reserves the right to cancel, postpone, or alter the advertised programmes at any time. Comfori will not be held liable for any costs or liabilities incurred by clients as a result of the change of date/programme/venue. Should a
cancellation of an event by Comfori occur, the event will be fully refundable.
Money Back Guarantee. The decision on refund amounts is subjected to the sole discretion of Comfori’s management.
Copyright. Distribution, republication and duplication of all contents and materials provided and distributed by Comforiare strictly prohibited.
Incorrect Mailing Information. Should mailing information or company details be incorrect or inaccurate, please contact us immediately.
Disclaimer. Upon submission of this registration form, client acknowledges that he/she has read and accepted all the terms and conditions as listed above.
SST. Price quoted excluding of 6% SST. (COMFORI’s SST No : B16-1902-32000015).