Accounts Payable Training Course

2 months ago Posted By : User Ref No: WURUR81737 0
  • Image
  • TypeTraining or Development Class
  • Image
  • Location Kigali City, Kigali, Rwanda
  • Price
  • Date 02-08-2021 - 06-08-2021
Accounts Payable Training Course, Kigali City, Kigali, Rwanda
Training or Development Class Title
Accounts Payable Training Course
Event Type
Training or Development Class
Training or Development Class Date
02-08-2021 to 06-08-2021
Location
Kigali City, Kigali, Rwanda
Organization Name / Organize By
Upskill Development Institute
Organizing/Related Departments
Upskill Training Department
Organization Type
Education Institution
Training or Development ClassCategory
Both (Technical & Non Technical)
Training or Development ClassLevel
All (State/Province/Region, National & International)
Related Industries

Education/Teaching/Training/Development

Business Development

Finance

Administration/Management

Accounting/Financial/Banking/Insurance

Location
Kigali City, Kigali, Rwanda

CLICK THIS LINK to view course content and register to attend

Introduction

This Accounts Payable training course provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state of the art levels. Documented strategies and tactics employed by highly admired companies are presented both successful and unsuccessful to illustrate the real world functionality of each process and approach. By attending this training course, participants will understand the importance of the accounts payable function with regard to its links with the supply chain and cash flow; the integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger; how to effectively manage cash and working capital to reduce costs and improve cash flow; the impact of risk and uncertainty on the business and its impact on accounts payable and cash flow and how leading companies from across the globe are achieving best practice in Accounts Payable.

 

Duration

5 Days

 

Course Objectives

This training course aims to enable participants to achieve the following objectives:

  • Work effectively with the fundamentals of accounts payable, financial accounting and the supply chain
  • Understand and apply the fundamentals of accounts payable systems
  • Review and comment on payment methods and cash management
  • Analyse the need to incorporate risk and uncertainty into accounts payable analysis
  • Identify best practice across all industries

 

Course Outline

Module 1:

Accounts Payable, Financial Accounting and the Supply Chain

  • Accounting and financial information: Accounts Payable in context
  • Sources of finance
  • The supply chain
  • Financial position and financial performance
  • Cash flow and Working Capital
  • Why is cash flow so important?

Module 2:

Achieving World Class in Accounts Payable Processes

  • Defining Best Practice in AP
  • Moving beyond P2P
  • Managing Risk
  • Principles of Best Practice
  • End to End AP Process
  • Defining the issues in Accounts Payable

Module 3:

Improving Invoice Processing and Operational Management

  • Invoice Handling and Approval Processes
  • Verifying invoice data
  • Paying “low value” items
  • How to avoid duplicate payments
  • Making the best use of staff time: limiting telephone calls to AP
  • Does Petty cash management belong in Accounts Payable?

Module 4:

Harnessing Technology in Accounts Payable Processes

  • Master Vendor File Management – getting it right from the start
  • Travel & Entertainment
  • Policy management
  • Cash advances and employee reimbursement
  • Process improvement through imaging and workflow
  • Using the internet for AP effectiveness

Module 5:

Making the Payments and Maintaining the Relationships

  • Communications & Customer Relations
  • Payments status information for vendors and internal customers
  • Improving Procure to Pay (P2P) Cycle
  • Payments and Payment Solutions: Accounts Payable or Treasury

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: [email protected] Tel: +254 721 331 808

CLICK THIS LINK to view course content and register to attend
 

Registration Fees
Available
Registration Fees Details
Course fee: 1000 usd
Registration Ways
Email
Phone
Website
Address/Venue
  Upskill Training Center 
Official Email ID
Contact
Danson Mwaniki

Upskill Training Center

[email protected]

   +254721331808