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This 2 week course is designed to help management staff members understand cash and accrual methods as well as provide a basic understanding of accounts payable and receivable. |
Upon completion of the course, the student will be able to:
- understand the difference between cash and accrual methods of accounting
- understand the pros and cons of cash and accrual methods of accounting
- determine which method of accounting is most suitable to your practice
- understand and apply common accounts receivable policies/procedures
- maximize your collection efforts; minimize bad debts
- create and review meaningful accounts receivable reports
- understand and apply a basic accounts payable filing system
- minimize cash flow surprises from payable
- determine whether or not to take advantage of early payment discounts
- determine the merits of delayed billing
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Topics covered include pros and cons of cash vs. accrual, methods of accounting, collections, tracking account payables, and more. |
... I found the assignments to be very helpful and relevent to my own learning objectives. I found it helpful to see the other participants assignments as well. This gave me good ideas to implement at my own office. The instructor's feedback was also very helpful.
.. Again gave me a better understanding of the accounting side of the practice and gave me ways to better explain to the doctor about these matters.
... I like reading how the other students handle issues in their practices. I also appreciated the instructor listening to my real life scenarios and giving advice and input.
... It was readily applicable to the veterinary practice and in articular the practice that I am currently working in. The material was easy to read. |
VetMedTeam courses are asynchronous - they do not contain real time components. Students log in while a course is in session at times convenient to personal schedules. |
- Participation in instructor lead topics for each of the units
- Grade of 80% or better on the final exam
- Submission of the course survey
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This course is appropriate for any member of the veterinary practice team who seeks to have a greater understanding of the topics covered. |
This course is applicable for 5 CE credits toward the continuing education requirement for the Certified Veterinary Practice Manager program offered by the Veterinary Hospital Managers Association (VHMA).
VetMedTeam does not submit management courses to RACE as this organization is structured to provide credits for medical/clinical course, behavior related courses, and other similar topics. Also, most states severely limit or decline the use of management topic credits for veterinary or technician license renewal.
Instead, VetMedTeam submits management and customer service related courses to the VHMA for review and approval. CVPMs (Certified Veterinary Practice Managers) and CVPM candidates may use our VHMA approved courses for required CE credits for either sitting the examination or maintaining certification. |
Fritz Wood, a Certified Public Accountant and Certified Financial Planner with contributions by Katherine Dobbs, RVT, CVPM. |
| Erin Macdonald, CVT, CVPM |
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Erin Macdonald is currently employed at Haines Road Animal Hospital in St. Petersburg, Florida and holds the position of Hospital Administrator. She has worked in the veterinary field since 1999, her first position as a receptionist.
In 2006, she received an Associate in Arts Degree in General Studies and an Associate’s in Science Degree in Veterinary Technology from St. Petersburg College. That year, she became a Certified Veterinary Technician. After receiving a Certificate in Hospital Management and a Bachelor’s Degree in Veterinary Technology Management, she achieved the designation of Certified Veterinary Practice Manager in 2009.
Erin is a member of both the Florida Veterinary Technician Association and the National Association of Veterinary Technicians in America. Erin lives in Pinellas Park, Florida with her three dogs, Dolly, Slick and Plato; two cats, Gia and Roxanne; and her duck, Donnie. She spends her free time gardening, reading and playing the drums. |
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November 01, 2010 - Registration deadline is 11:00 PM Eastern November 03, 2010
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| In addition, you many use your MERIAL® Rewards Visa® Prepaid Card to pay for courses. If you are not enrolled in the MERIAL Rewards program, ask your Merial Sales Representative or call 1-800-307-7000. If you do not have enough points and wish to supplement your payment with another card, please write to CE@VetMedTeam.com. |