The Accounts Payable Management training course is designed for Managers of accounts payable, AP staff and professionals, as well as clerks and specialists who wish to advance their careers. The course is also beneficial to professionals in accounting, finance, purchasing and procurement who work closely with Accounts Payable.
Course Contents
Module 1 - The Basic Concept of Accounts Payable
Key Topics
- Definition of accounts payable (AP)
- The role of the accounts payable department
- Accounts payable management
- The functions of management
- The impacts of accounts payable on company health
Module 2 - Accounts Payable Accounting
Key Topics
- Terminology of AP
- Principle of recording AP
- General Ledger and Sub-Ledger
- Cash & Accrual Accounting
- Control Account Reconciliations
Module 3 - Accounts Payable Management Practices
Key Topics
- The Best Practices in AP
- The effective policy in internal Controls
- Accounts Payable auditing
- AP outsourcing and its impact
- Fraud in Accounts Payable
Module 4 - Accounts Payable Risk Management
Key Topics
- Identifying the risk of AP
- How to mitigate the AP risk
- How to motivate the AP Staff
- Organising the AP Department
- Closing the communication gap
Module 5 - Best Practices To Improve AP Department
Key Topics
- Continuous process improvement
- Developing performance metrics
- Applying best practices in your organisation
- Using Microsoft Excel in managing accounts payable
- Reviewing and ongoing AP accounts

