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Accounts Payable: From Accounting to Management

Program Objectives:

By the end of the program, participants will be able to:

  • Understand the function of Accounts Payable and its role in organizations.
  • Take a successful lead in the management of Accounts Payable.
  • Get the latest update on best practices in managing Accounts Payable.
  • Apply accounting principles related to Accounts Payable.

    • This Program is designed for:

    Managers of Accounts Payable (AP) Department as well as AP staff who wish to advance their career and professionals in accounting and finance who work closely with Accounts Payable.

    Program Outline:

    The Important Role of Accounts
    Payable     		Key Topics in Accounts Payable
    Management
  • The Big Picture: Accounts Payable and the
    Financial Health of Organizations
  • The Functions of Accounts Payable Department
  • What Do We Mean by Managing Accounts
    Payable?
  • How Better AP Management Translates into
    Better Financial Results
  • Internal Control
  • The Annual Audit
  • Detecting Fraud in AP
  • Process Improvement
  • Preventing Errors
  • Impact of Outsourcing
  • Shared Services
  • Disaster Recovery Planning
  • Customer Serv
    		•
    Accounting Essentials for Accounts
    Payable
  • Accounts Payable Terminology
  • General Ledger and Sub-Ledger
  • Preparing for Month End Close and Accruals

    		•
    Accounts Payable Processes and
    Best Practices     		 
  • Invoice Handling
  • Matching
  • Payment Processing
  • Vendor Master File
  • Travel and Entertainment
  • Procurement Cards
  • Electronic Payments

    • Pre-requisites

    None:
    Duration : 3 days

     

     

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