Accounts Payable – From Accounting to Management

Accounts Payable – From Accounting to Management

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Program 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.
Who should attend:
Managers of Accounts Payable Professionals as well as AP staff, clerks, and specialists who wish to advance their career. The program is also beneficial to professionals in accounting, finance, purchasing and procurement who work closely with Accounts Payable.
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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Date And Time

@ 09:00 AM to
02:00 PM

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