An Intensive 5-day Training Course
Accounts Payable
From Accounting to Management
Course 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.
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 Oxford Management Centre 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
Objectives
At the end of this Accounts Payable 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 Accounts Payable Performance
Training Methodology
This Accounts Payable training course will provide the theoretical background and techniques that underpin the organisation and management of accounts payable and its related functions. It will provide a real world practical context by incorporating worked examples and case studies that delegates will see how theory applies in practice and can discuss the various issues raised.
Organisational Impact
The organisation will gain through the development and application of capabilities and skills in key area 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
- 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 Accounts Payable process and its role in improving Working Capital Management to colleagues
- Learn the latest developments in Best Practice in Accounts Payable
Who Should Attend?
This Oxford Management Centre training course is suitable to 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 accounts payable process or who wish to develop a practical toolkit to complement their existing Professional or Technical Skills
Course Outline
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 Accounts Payable Department
- Ways to Motivate Accounts Payable 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
- Interface between Accounts Payable System and Excel
- Using Pivot Tables to Extract Valuable Information
- Preparing and Analyzing Accounts Payable Aging
- Developing your Accounts Payable Dashboard
Certificate
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to [email protected]
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email [email protected] or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
