Accounts Payable: From Accounting to Management
04-03-2024 - 08-03-2024 | 3300 | Dubai |
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Accounts payable is not just processing checks, mailing them and then filing the backup paperwork. To truly and effectively manage accounts payable, one must understand the AP department's building blocks including but not limited to customer service, vendor management, check requests and Purchase Orders (POs).
This course will discuss how to handle invoices, process checks, prevent errors, conduct annual audits, and use technology in the department. You will also learn the best practices for adapting in your AP department and how to develop into an effective business partner
By the end of the program, participants will be able to:
Managers of Accounts Payable departments as well as AP staff, clerks, and specialists who wish to advance their career. The program is also beneficial to professionals in accounting and finance who work closely with Accounts Payable.
The Important Role of Accounts Payable (AP)
Accounting Essentials for Accounts Payable
Accounts Payable Processes and Best Practices
Key Topics in Accounts Payable Management
The Behavioral Side of Managing Accounts Payable Department
Accounts payable department as a real business partner
· When should we pay our suppliers
· Understanding cost of funds
· Evaluating early payment discount
· Pros and cons of early or late payments
· Relationship with treasury department
Using Microsoft 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
A variety of methodologies will be used during the course that includes:
· (30%) Based on Case Studies
· (30%) Techniques
· (30%) Role Play
· (10%) Concepts
· Pre-test and Post-test
· Variety of Learning Methods
· Lectures
· Case Studies and Self Questionaires
· Group Work
· Discussion
· Presentation
This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.
Daily Course Timings:
08:00 - 08:20 Morning Coffee / Tea
08:20 - 10:00 First Session
10:00 - 10:20 Coffee / Tea / Snacks
10:20 - 12:20 Second Session
12:20 - 13:30 Lunch Break & Prayer Break
13:30 - 15:00 Last Session