Understanding and Managing Accounts Payable
In order to manage Accounts Payable (AP) functions, it is important to understand how AP affects and impacts customer service, vendor management, and treasury. This course provides an overview of the AP role and processing functions required for any business to be successful.
Agenda Topics
- Intro to accounts payable
- Invoicing and payments
- Regulatory considerations and compliance
- Tax reporting requirements and compliance
Course Length
Two 2.5-Hour Virtual Sessions or One Full Day In-Person
Learning objectives
- Basic A/P concepts and terminology
- Basic A/P functionalities and process workflows
- Tax, regulatory, and auditing requirements
- Recognize controls needed to safeguard company assets
Understanding and Managing Accounts Receivable
Accounts Receivable (AR) is vital to the long-term survival of any business. This course provides an overview of the processes and functions needed to successfully manage AR, and the rules and regulations affecting decisions. In addition, information about accounting, controls, regulation and auditing associated with these functions is addressed.
Agenda Topics
- Intro to accounts receivable (AR)
- Invoice management
- Collections management
- Reporting requirements and compliance
- AR controls
- Outsourcing and technology
- Disaster recovery
Course Length
Two 2.5-Hour Virtual Sessions or One Full Day In-Person
Learning objectives
- Basic concepts and terminology related to AR
- Basic AR functionalities and process workflows
- AR accounting principles and regulatory requirements
- Strategy and controls to safeguard company assets