An Intensive 5-Day Online Training Course
Accounts Payable
From Accounting to Management
Scheduled Dates
| 14 - 18 Oct 2024 | Online | $3,950 |
Why Choose this Training Course?
Why Choose this Training Course?
This PetroKnowledge Accounts Payable online 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.
The organisation of the accounts payable function and the management of the accounts payable role are of vital importance to the effective control of working capital and therefore cash flow. 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 online training course, delegates will understand:
- The importance of the accounts payable function and the need for effective and efficient controls
- The role of Accounts Payable Management in the control of the Working Capital of an organisation
- How to create effective Accounts Payable Dashboards to track and present department KPI’s
- How to motivate and engage Accounts Payable Staff
- The importance of reviewing international “best practices” to continual improve Accounts Payable operating performance
What are the Goals?
What are the Goals?
At the end of this online training course, you will learn:
- Identify the function of accounts payable and its role in organizations
- Use accounting principles related to accounts payable
- Describe how to take a successful lead in the management of accounts payable
- Assess AP operations and processes and recommend improvements using the latest best practices
- Apply tools and techniques in Microsoft Excel to effectively manage and monitor AP performance
Who is this Training Course for?
Who is this Online Training Course for?
This online training course is suitable for a wide range of professionals but will greatly benefit:
- Finance Executives
- Accountants
- Accounts Payable Managers
- Accounts Payable Supervisors
- Accounts Payable Staff
- Others who are working within the accounts payable process or who wish to develop a practical toolkit to complement their existing professional or technical skills.
How will this Training Course be Presented?
How will this Training Course be Presented?
This PetroKnowledge online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The online training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
Organisational Impact
The organisation will gain through the development and application of capabilities and skills in key areas of Accounts Payable management; specific benefits will include:
- Improved awareness of key business performance measures
- Greater insights from global best practice
- Better integration of wider financial process, for example, purchase order management and supplier payments
- Raised levels of professionalism in the Accounts Payable team
- The improved human talent pool for internal succession planning
- More effective AP processing and the potential to reduce operating costs and time in a key area for financial transaction processing
Personal Impact
As a delegate you will:
- Have a clear understanding of how to manage Accounts Payable
- Be pro-active in seeking and finding approaches to improve process and efficiency within Accounts Payable
- Communicate the importance of improving the Accounts Payable process and its role in improving working capital management to colleagues
- Learn the latest developments in best practices in Accounts Payable
Daily Agenda
Day One: The Big Picture: Accounts Payable and the Financial Health of Organizations
- The Important Role of Accounts Payable (AP)
- The Meaning of Managing Accounts Payable
- The Functions of Management
- The Functions of Accounts Payable Department and Role of AP Staff
- Accounts Payable Impact on Working Capital and Cash Management
Day Two: Accounting for Accounts Payable Accounting Essentials for Accounts Payable
- Accounting Essentials for Accounts Payable
- Accounts Payable Terminology
- General Ledger and Sub-Ledger
- Month End Accounting Entries and Accruals
- Control Account Reconciliations
- Developing a Reconciliation Plan for the Sub-Ledger
Day Three: Key Topics in Accounts Payable Management
- 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
Day Four: The Behavioural 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
- Providing Customer Service to Vendors
Day Five: Using Excel in Managing Accounts Payable
- The interface between Accounts Payable System and Excel
- Using Pivot Tables to Extract Valuable Information
- Preparing and Analyzing Accounts Payable Aging
- Developing your AP Dashboard
Certificate
- On successful completion of this online training course, a PetroKnowledge E-Certificate will be awarded to the delegates
In Association With
GLOMACS Training
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients
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Oxford Management Centre
Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.
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