/  Accounts Payable - From Accounting to Management
All courses in Bali have been cancelled .
BMC Training provides on 26 JAN 2020 Accounts Payable - From Accounting to Management course [Finance , Accounting and Budgeting] in Bali,Indonesia

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



Related Training Courses

, -
Course Details
  • Code FBA158
  • TIME    08:00 AM - 11:15 AM
  • DATE    JAN 26 2020 - FEB 6 2020
  • Bali , Radisson Blu Hotel
  • +44 2087206971
  • Support@bmc.net

Fees Per Person

13000 GBP + VAT
Other Dates

Courses Search

Recent Posts

Connect with us

IFRS Preparation. (5 Days)Available in London - Dubai - Istanbul - Kuala Lumpur

Join our Civil and Construction Engineering Training Courses , Electrical and Power Engineering Training Courses and Facilities Management Training

Technical Training Courses

Newsletter