/  Accounts Payable - From Accounting to Management Training

Accounts Payable - From Accounting to Management Training

BMC Training provides a training course in Accounts Payable - From Accounting to Management in Finance , Accounting and Budgeting

Course Title
Venue
Start Date
End Date
  • Kuala Lumpur
    28 - 10 - 2018
    8 - 11 - 2018
  • Istanbul
    21 - 10 - 2018
    1 - 11 - 2018
  • Muscat
    28 - 10 - 2018
    8 - 11 - 2018
  • London
    4 - 11 - 2018
    15 - 11 - 2018
  • Dubai
    11 - 11 - 2018
    22 - 11 - 2018
  • Paris
    4 - 11 - 2018
    15 - 11 - 2018
  • Kuala Lumpur
    16 - 12 - 2018
    27 - 12 - 2018
  • Istanbul
    9 - 12 - 2018
    20 - 12 - 2018
  • Muscat
    16 - 12 - 2018
    27 - 12 - 2018
  • London
    13 - 1 - 2019
    24 - 1 - 2019
  • Dubai
    20 - 1 - 2019
    31 - 1 - 2019
  • Paris
    13 - 1 - 2019
    24 - 1 - 2019
  • Kuala Lumpur
    24 - 2 - 2019
    7 - 3 - 2019
  • Istanbul
    17 - 2 - 2019
    28 - 2 - 2019
  • Muscat
    24 - 2 - 2019
    7 - 3 - 2019
  • London
    3 - 3 - 2019
    14 - 3 - 2019
  • Dubai
    10 - 3 - 2019
    21 - 3 - 2019
  • Paris
    3 - 3 - 2019
    14 - 3 - 2019
  • Kuala Lumpur
    21 - 4 - 2019
    2 - 5 - 2019
  • Istanbul
    14 - 4 - 2019
    25 - 4 - 2019
  • Muscat
    21 - 4 - 2019
    2 - 5 - 2019
  • London
    19 - 5 - 2019
    30 - 5 - 2019
  • Dubai
    5 - 5 - 2019
    16 - 5 - 2019
  • Paris
    19 - 5 - 2019
    30 - 5 - 2019
  • Kuala Lumpur
    9 - 6 - 2019
    20 - 6 - 2019
  • Istanbul
    16 - 6 - 2019
    27 - 6 - 2019
  • Muscat
    9 - 6 - 2019
    20 - 6 - 2019
  • London
    21 - 7 - 2019
    1 - 8 - 2019
  • Dubai
    14 - 7 - 2019
    25 - 7 - 2019
  • Paris
    21 - 7 - 2019
    1 - 8 - 2019
  • Kuala Lumpur
    11 - 8 - 2019
    22 - 8 - 2019
  • Istanbul
    25 - 8 - 2019
    5 - 9 - 2019
  • Muscat
    11 - 8 - 2019
    22 - 8 - 2019
  • London
    8 - 9 - 2019
    19 - 9 - 2019
  • Dubai
    15 - 9 - 2019
    26 - 9 - 2019
  • Paris
    8 - 9 - 2019
    19 - 9 - 2019

Objectives:

By the end of the program, participants will be able to:

  • Identify the function of Accounts Payable (AP) and its role in organizations.
  • Take a successful lead in the management of Accounts Payable.
  • Assess AP operations and processes and recommend improvements using the latest best practices.
  • Apply accounting principles related to Accounts Payable.
  • Evaluate main issues affecting AP staff in order to increase their efficiency and productivity.
  • Apply tools and techniques in Microsoft Excel to effectively manage and monitor AP performance.

The Contents:

Day One :

The Important Role of Accounts Payable (AP)

  • The Meaning of Managing Accounts Payable
  • The Functions of Management
  • The Big Picture: Accounts Payable and the Financial Health of Organizations
  • The Functions of Accounts Payable Department and Role of AP Staff
  • Accounts Payable Impact on Working Capital and Cash Management

?Day Two :

Accounting Essentials for Accounts Payable

  • Accounts Payable Terminology
  • General Ledger and Sub-Ledger
  • Preparing for Month End Close and Accruals

?Day Three & Four :

Accounts Payable Processes and Best Practices

  • Invoice Handling and Routing
  • The Three Way Matching
  • Methods of Payment Processing
  • Maintaining the Vendor Master File
  • Travel and Entertainment (T&E)
  • Procurement Cards (P-Cards)
  • Electronic Payment Options 

?Day Five & Six :

Key Topics in Accounts Payable Management

  • Operational Analysis and Benchmarking
  • Continuous Process Improvement
  • Developing Performance Metrics
  • 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
  • Disaster Recovery Planning

?Day Seven :

The Behavioral 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
  • Importance of Internal Customer Service
  • Providing Customer Service to Vendors

?Day Eight :

Accounts Payable Department as a Real Business Partner

  • When We Should Pay Our Suppliers
  • Understanding Cost of Funds
  • Evaluating Early Payment Discount
  • Pros and Cons of Early/Late Payments
  • Relationship with Treasury Department

?Day Nine & Ten :

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
  • Accounts Payable Role in Improving Suppliers Commercial Terms

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