ACCOUNTS PAYABLE: ACCOUNTING, MANAGEMENT, AND BEST PRACTICES
Available Dates & Locations
COURSE OVERVIEW
This course is a deep dive into the importance of proper treatment of accounts payable. It is intended to help managers develop full understanding of liabilities and the different responsibilities of accounts payable. Payables must be dealt with efficiently and accurately. This course will help you avoid common mistakes and pitfalls when it comes to Accounts Payable. No more fraud, incorrect payments, double-entry of an expense or omission of a particular invoice or voided checks.
COURSE OBJECTIVES
By the end of this course, attendees will be able to:
- Understand the role and importance of the accounts payable function in financial management.
- Apply accounting principles to the accounts payable process.
- Develop strategies to manage accounts payable effectively.
- Implement best practices to optimize the accounts payable process.
- Use accounts payable to maintain good vendor relationships and manage cash flow.
TARGET COMPETENCIES
- Accounting Systems Proficiency
- Financial Statement Expertise
- Understanding of the Accounting Cycle
- Accounts Payable Management
- Accruals and Deferrals Management
- Reporting and Compliance
This course is tailored for finance professionals, accountants, financial managers, and individuals responsible for accounts payable functions within organizations aiming to enhance financial efficiency and accuracy.
This course takes a very hands-on approach and equips participants with the understanding and techniques they need to record, and report accounts payable transactions.
It strikes a balance between theory and application providing both conceptual and applied exercises from real life examples.
