Accounts Payable Accounting and Management Practices

Methodology

This course demonstrates theoretical and practical core topics and introduces Excel for managing accounts payable the course also features role-playing and presentations by participants.

Course Objectives

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

Explain the function of Accounts Payable (AP) and its role in organizations

Create efficient Accounts Payable process

Utilize best practices to improve the AP function

Take a successful lead in the management of Accounts Payable

Evaluate main issues affecting AP staff to increase their efficiency and productivity

Play a real business partner role in your organization

Apply tools and techniques in Microsoft Excel to effectively manage and monitor AP performance

Target Audience

Managers of accounts payable, AP staff and professionals, clerks, and specialists who wish to advance their careers. The course is also beneficial to professionals in accounting, finance, purchasing, and procurement who work closely with accounts payable.

Target Competencies

Examining the role of accounts payable

Performing month-end accruals

Realizing the added value of three-way matching

Preparing and analyzing accounts payable aging

Preventing accounts payable fraud

Applying accounts payable best practices

Implementing early payment discount

Utilizing Excel functions