Accounts Receivable and Accounts Receivable Collection Services
*Course offered by
Financial Training and Documentation, Office of the Controller.
Course Description:
Any department that sells goods or services on credit to external customers must record the corresponding receivables in the General Ledger. If the receivables remain uncollected after 120 days, the department must transfer them to the Accounts Receivable Collection Services department (ARCS) for collection.
This course assists employees in these two processes by presenting the following information:
- The theory of accounts receivable and how they are presented in the university's General Ledger.
- How to work with the university's internal collection department, Accounts Receivable Collection Services, to receive assistance in collecting amounts due from external customers.
Prerequisites:
Debits and Credits, Accounting at OSU and Earnings Operations at OSU.
Course Length:
This is a four-hour session; the class is instructor-led, presented in a classroom setting.
Audience:
Any employee involved in the sale of goods or services on credit to outside customers should take this course.
