Accounts Payable -  From Accounting to Management

Accounts Payable - From Accounting to Management


Choose from the following table the course date which you would like to attend the course on :

Sart
End
Fees
Venue
Length
18-Mar-2018
22-Mar-2018
7500$
Istanbul (Turkey)
One Week
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25-Mar-2018
29-Mar-2018
4700$
Dubai (UAE)
One Week
Click Here
18-Mar-2018
22-Mar-2018
6950$
Paris (France)
One Week
Click Here
1-Apr-2018
5-Apr-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
29-Apr-2018
3-May-2018
5700$
London (UK)
One Week
Click Here
13-May-2018
17-May-2018
7500$
Istanbul (Turkey)
One Week
Click Here
20-May-2018
24-May-2018
4700$
Dubai (UAE)
One Week
Click Here
13-May-2018
17-May-2018
6950$
Paris (France)
One Week
Click Here
24-Jun-2018
28-Jun-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
3-Jun-2018
7-Jun-2018
5700$
London (UK)
One Week
Click Here
1-Jul-2018
5-Jul-2018
7500$
Istanbul (Turkey)
One Week
Click Here
22-Jul-2018
26-Jul-2018
4700$
Dubai (UAE)
One Week
Click Here
1-Jul-2018
5-Jul-2018
6950$
Paris (France)
One Week
Click Here
19-Aug-2018
23-Aug-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
12-Aug-2018
16-Aug-2018
5700$
London (UK)
One Week
Click Here
23-Sep-2018
28-Sep-2018
7500$
Istanbul (Turkey)
One Week
Click Here
2-Sep-2018
6-Sep-2018
4700$
Dubai (UAE)
One Week
Click Here
23-Sep-2018
28-Sep-2018
6950$
Paris (France)
One Week
Click Here
14-Oct-2018
18-Oct-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
7-Oct-2018
11-Oct-2018
5700$
London (UK)
One Week
Click Here
18-Nov-2018
22-Nov-2018
7500$
Istanbul (Turkey)
One Week
Click Here
25-Nov-2018
29-Nov-2018
4700$
Dubai (UAE)
One Week
Click Here
18-Nov-2018
22-Nov-2018
6950$
Paris (France)
One Week
Click Here
2-Dec-2018
6-Dec-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
23-Dec-2018
27-Dec-2018
5700$
London (UK)
One Week
Click Here
27-Jan-2019
31-Jan-2019
7500$
Istanbul (Turkey)
One Week
Click Here
6-Jan-2019
10-Jan-2019
4700$
Dubai (UAE)
One Week
Click Here
27-Jan-2019
31-Jan-2019
6950$
Paris (France)
One Week
Click Here
10-Feb-2019
14-Feb-2019
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
3-Feb-2019
7-Feb-2019
5700$
London (UK)
One Week
Click Here

Objectives:

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

  • Identify the function of Accounts Payable (AP) and its role in organizations.
  • Take a successful lead in the management of Accounts Payable.
  • Assess AP operations and processes and recommend improvements using the latest best practices.
  • Apply accounting principles related to Accounts Payable.
  • Evaluate main issues affecting AP staff in order to increase their efficiency and productivity.
  • Apply tools and techniques in Microsoft Excel to effectively manage and monitor AP performance.

The Contents:

The Important Role of Accounts Payable (AP)

  • The Meaning of Managing Accounts Payable
  • The Functions of Management
  • The Big Picture: Accounts Payable and the Financial Health of Organizations
  • The Functions of Accounts Payable Department and Role of AP Staff
  • Accounts Payable Impact on Working Capital and Cash Management

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 and Routing
  • The Three Way Matching
  • Methods of Payment Processing
  • Maintaining the Vendor Master File
  • Travel and Entertainment (T&E)
  • Procurement Cards (P-Cards)
  • Electronic Payment Options 

Key Topics in Accounts Payable Management

  • Operational Analysis and Benchmarking
  • Continuous Process Improvement
  • Developing Performance Metrics
  • 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
  • Disaster Recovery Planning

The Behavioral Side of Managing Accounts Payable Department

  • Improving the Image of AP Department
  • Ways to Motivate AP Staff
  • Organizing the AP Department
  • Closing the Communication Gap
  • Dealing with Internal and External Disputes
  • Importance of Internal Customer Service
  • Providing Customer Service to Vendors

Accounts Payable Department as a Real Business Partner

  • When We Should Pay Our Suppliers
  • Understanding Cost of Funds
  • Evaluating Early Payment Discount
  • Pros and Cons of Early/Late Payments
  • Relationship with Treasury Department

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
  • Accounts Payable Role in Improving Suppliers Commercial Terms

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