Biomerieux Assistant Accounts Receivable Manager Interview Questions and Answers

DSO stands for Days Sales Outstanding, a measure of how long it takes for a company to collect payment from its customers.

• DSO is calculated by dividing accounts receivable by total credit sales and multiplying by the number of days in the period.

• It is used to assess the efficiency of a company's accounts receivable management.

• Lower DSO indicates faster collection of payments, while higher DSO indicates slower collectio...read more

Credit management involves assessing creditworthiness, setting credit limits, monitoring payments, and minimizing credit risk.

• Assessing creditworthiness of customers before extending credit

• Setting appropriate credit limits based on customer's financial stability

• Monitoring customer payments to ensure timely collection

• Minimizing credit risk by implementing credit policies and procedures

• Negotiating payment terms with cust...read more