Accounting Question:

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What are the most important goals of accounts receivable?

Accounting Interview Question
Accounting Interview Question

Answer:

These goals will depend on the needs of the organization. Show how you are aware of organizational needs and then identify the appropriate goals to meet them. Demonstrate a thorough understanding of what the goals express and how they support department and company objectives. Common aspects include positively impacting on company cash cycle, increasing cash flow, reducing DSO, reducing bad debt and write offs.

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What was your average accounts receivable days outstanding/days sales outstanding?Which accounting applications are your familiar with?