Accounts Payable: From Accounting to Management
Details
By the end of the Program, participants will be able to:
. Identify the functions of Accounts Payable (AP) and its role in Organizations
. Take a successful lead in the management of Accounts Payable
. Get the latest update on best practices in managing Accounts payables
. Apply accounting principles related to Accounts Payable
. Recommend improvements to AP Operations and ways to motivate AP staff
Outline
The Important Role of Accounts Payable
. The big picture: Accounts payable and the Financial Health of Organizations
. The functions of Accounts Payable Department and Role of AP staff
. The meaning of managing Accounts payable
. Translating better AP Management into Better Financial Results
Accounting essential for accounts payable:
. Accounts Payable Terminology
. General Ledger and sub-Ledger
. Preparing for Month End Close and Accruals
Accounts Payable Processes and Best Practices
. Invoice Handling and Routing
. Method of payment processing
. Maintaining the Vendor Master File
. Electronic Payment Options
Accounts Payable Management
. Operational Analysis and Benchmarking
. Culture of Continuous Process Improvement
. Applying Best Practices in your Organization
. Developing performance Metrics
The behavioral side of managing Accounts payable department:
. Improving the Image of AP Department
. Closing the Communication Gap
. Dealing with Internal and External Disputes
. Importance of Internal Customers Service
. Providing Customer Service to Vendors
. Identifying Proper Internal Controls
. The Annual Audit as an Added Value
. Impact of AP Outstanding
. Detecting Errors in AP Transactions
FOR WHOM: Accountants, Auditors, Treasurers, Credit Managers, Accounts Payable Managers, Sales Marketing Managers and others who perform related functions.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.