This course is designed to familiarize accountants with the collections process. With the 2020 economic shut down it is possible many organizations will face collections issues. This course will outline the collections process including the use of collection agencies and attorneys to collect debts. Participants will be introduced to the Fair Debt Collections Practices Act. We will also discuss how to deal with debtors who file bankruptcy. Issues surrounding repossessions and foreclosures will also be covered.
Publication Date: July 2020
Designed For
CPAs, CFEs, CFFs, MAFFs, CIAs, CMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.
Topics Covered
- Outline the collections process
- Use of collection agencies and attorneys to collect debts
- Introduction to Fair Debt Collections Practices Act
- How to deal with debtors who file bankruptcy
- Issues surrounding repossessions and foreclosures
Learning Objectives
- Identify methods for collecting delinquent debts
- Identify the Fair Debt Collections Practices Act (FDCPA) and how it applies
- Recognize common reasons for bad debts
- Describe correct statements regarding collections
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.