Accounts Receivable Manager Certification
A page within Workforce Innovation and Opportunity Act (WIOA) Wisconsin
Prepare for Your Accounts Receivable Career
Online Accounts Receivable Manager Training
Prepare for career success! This accounts receivable course is designed to equip you with the skills necessary to enter the accounts receivable manager function, including credit management, best-in-class payment processes, regulatory compliance, reporting KPIs, and technology.
Upon completing your accounts receivable training, you will be prepared to take a 90-minute, 100-question multiple-choice exam to demonstrate your ability to manage the accounts receivable process and earn the Accredited Receivables Manager (ARM) designation from the Institute of Finance and Management (IOFM).
Accounts Receivable Manager FAQs
What does an accounts receivable manager do?
An accounts receivable manager oversees the operations of the accounts receivable department, ensuring that all processes are optimized for efficiency and accuracy. Their role includes leading teams, tracking performance metrics, and implementing best practices in areas like credit management and customer account data. They play a key part in maintaining the customer master file and staying informed about how technology continues to shape and evolve the account's receivable function.
Does this course prepare you for a certification?
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.
How long does it take to complete this course?
After you register, you will receive three months to complete the course. The time allotted for completion has been calculated based on the number of course hours.
Course Objectives
- 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
- Earn the Accredited Receivables Manager (ARM) designation from IOFM, a recognized and respected authority in financial operations
Prerequisites and 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 designation:
- 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
Instructor
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).
Registration and Enrollment
This course is 100% online. Start anytime.
Job Outlook for Accounts Receivable Managers
An accounts receivable professional is a key strategic role player in managing the organization's cash flow, from setting customers' credit terms to collecting payments.
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.
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 worry about whether enough money is arriving to meet the business's needs, enhance customers' experience with the company, protect the company's cash from fraud, and cover the costs of these processes.