Select Page

Contact Form

Fill This Form To Get More Information - Short Course
Print Friendly, PDF & Email
Z

Course Duration

3 – Days | 5 – Days | 7 – Days

Course Level

Beginner | Average | Advance

Course Location

Dubai | Abu Dhabi

Accounts Payable: From Accounting to Management


Why Attend

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 to adopt in your AP department and how to develop your department into an effective business partner.

Course Methodology

This course demonstrates theoretical and practical core topics in addition to introducing Excel in managing accounts payable. The course also features role playing and presentations by participants.

Course Objectives

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

  • Identify the function of Accounts Payable (AP) 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
  • 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

    Target Audience

    Managers of accounts payable, AP staff and professionals as well as clerks and specialists who wish to advance their career. The course is also beneficial to professionals in accounting, finance, purchasing and procurement who work closely with Accounts Payable.

    Target Competencies

    • Exmaine the role of accounts payable
    • Perform month-end accruals
    • Realize the value added of three-way matching
    • Prepare and analyze accounts payable aging
    • Prevent accounts payable fraud
    • Apply accounts payable best practices
    • Implement early payment discount
    • Utilize Excel functions

    Course Contents

    • 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 the accounts payable department and the role of AP staff
        • Accounts payable impact on working capital and cash management
    • Accounting essentials for accounts payable
      • Accounts payable terminologies
      • General ledger and sub-ledger
      • Preparing for month-end close and accruals
    • 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
    • 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
    • The behavioral side of managing accounts payable department
      • Improving the image of the 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
    • 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 the treasury department
    • Using Microsoft Excel in managing accounts payable
      • Interface between the 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

      Subscribe To Our Newsletter

      Subscribe To Our Newsletter

      Join our mailing list to receive the latest news and updates from our team.

      You have Successfully Subscribed!

      Apex Campus Locations

      Abu DhabiMasdar CityDubai
      Level – III, Abdullah Darwish Building,
      Corner of Hamdan & Salam Street,
      Abu Dhabi, U.A.E.
      Mob: +971 55 679 4618
      Landline: +971 2 672 0066
      Email: [email protected]
      Google Map
      Level – I, Incubator Building,
      (Near Masdar Institute of Science & Technology)
      Masdar City, Abu Dhabi, U.A.E.
      Mob: +971 55 679 4618
      Email: [email protected]
      * Specific Courses Only
      Google Map
      22nd Floor, Millennium Plaza Hotel,
      Near Emirates Tower Metro Station,
      Sheikh Zayed Road, Dubai – UAE
      Mob: +971 50 963 1642
      Email: [email protected]
      Google Map

      You have Successfully Subscribed!