Course Details
Course Outline
5 days course
The Big Picture: Accounts Payable and the Financial Health of Organizations
- The Important Role of Accounts Payable (AP)
- The Meaning of Managing Accounts Payable
- The Functions of Management
- The Functions of Accounts Payable Department and Role of AP Staff
- Accounts Payable Impact on Working Capital and Cash Management
ACCOUNTING FOR ACCOUNTS PAYABLE ACCOUNTING ESSENTIALS FOR ACCOUNTS PAYABLE
- Accounting Essentials for Accounts Payable
- Accounts Payable Terminology
- General Ledger and Sub-Ledger
- Month End Accounting Entries and Accruals
- Control Account Reconciliations
- Developing a Reconciliation Plan for the Sub-Ledger
KEY TOPICS IN ACCOUNTS PAYABLE MANAGEMENT
- Applying Best Practices in your Organization
- Identifying Proper Internal Controls
- The Annual Audit as an Added Value
- Impact of AP Outsourcing
- Detecting Fraud in Accounts Payable
THE BEHAVIOURAL SIDE OF MANAGING ACCOUNTS PAYABLE DEPARTMENT
- Improving the Image of Accounts Payable Department
- Ways to Motivate Accounts Payable Staff
- Organizing the AP Department
- Closing the Communication Gap
- Dealing with Internal and External Disputes
- Providing Customer Service to Vendors
USING EXCEL IN MANAGING ACCOUNTS PAYABLE
- Interface between Accounts Payable System and Excel
- Using Pivot Tables to Extract Valuable Information
- Preparing and Analyzing Accounts Payable Aging
- Developing your Accounts Payable Dashboard
