Order to Cash (O2C) - Receivables - DSO guide - Expert V2.0

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 1

  
  

Welcome 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:

1. Factors impacting DSO,

2. Why DSO swings and

3. 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 groups

• 3 subgroups explained under each of the groups and

• Deep dive into each of the subgroups and activities (with few practical examples and explanations)

  
  

• This course will provide an overview of the following concepts

• Order 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 discounts

• Accounts 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 concepts

• This course can also be used for induction training for any levels

  
  

What You Will 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

Who Should Attend!

• 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.

TAKE THIS COURSE