Advanced Skills in Accounts Payable Management

Advanced Skills in Accounts Payable Management

Course Description

This training course provides participants in 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. During the training, 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.

Learning outcomes

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

• 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

Who should enroll?

The course is useful for accountants in both profit and non-profit organizations. This course does not assume prior knowledge of accounting.

Send an email to [email protected] to request a course training agenda