Asset Based Lending Institute

Module 4

Field Audit Examinations - Receivables

This module delves into the specialized area of analyzing accounts receivable as collateral within asset-based lending. It teaches students how to conduct field audit examinations to appraise the value and operation of the Asset-Based Lending facility, with a particular focus on the account receivables element.                                                                                                                                                                                                      

Milestone Assessments

Revision Slides

Final Assignments

Certificate of Completion

What you are going to learn

A few more words about this course

This module reinforces the practical skills needed to conduct field audit examinations within the context of asset-based lending. It provides the knowledge and tools necessary to analyze, evaluate, and monitor accounts receivable as collateral, reflecting a crucial aspect of the lending process.

It also aligns with the course's overall aim to provide a deep and holistic understanding of asset-based lending, preparing students for the real-world challenges they may face in their careers.
Learning Outcomes:

Analyzing Accounts Receivable Quality:  Learn to determine the quality of pledged accounts receivable by extrapolating and analyzing collateral data from books and records, ensuring an accurate assessment of risk and lending parameters.

Evaluating Personnel and Accounting Systems:  Gain the ability to determine the competence of personnel involved, as well as the adequacy and accuracy of accounting systems, leading to more effective oversight of the lending process.

Monitoring Lender's Position:  Develop skills to assess whether the lender’s internal staff and systems are providing sufficient and timely information to effectively monitor the lender's overall position in relation to each borrower.