Accounts Payable Specialist Professional Accounting

Code

868

Start Date

2025-04-27

End Date

2025-05-01

City

Cape Town

Price

4950 $

Language

Participants

1-15

Hotel

Hotel Meeting Room

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Introduction

Accounts Payable training seminar provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state-of-the-art levels. The organisation of the accounts payable function and the management of the accounts payable role are vital to the effective control of working capital and therefore cash flow. Documented strategies and tactics employed by highly admired companies are presented both successful and unsuccessful to illustrate the real-world functionality of each process and approach.

Training Objectives of Accounts Payable Specialist

Accruals & Time Deposit
Cash Management & Cash Positioning
Identify the function of accounts payable and its role in organizations
Use accounting principles related to accounts payable
Describe how to take a successful leader in the management of accounts payable
Assess AP operations and processes and recommend improvements using the latest best practices
Apply tools and techniques in Microsoft Excel to effectively manage and monitor accounts payable performance

Accounts Payable Specialist Training Outlines

Day 1 : The Big Picture: Accounts Payable and the Financial Health of Organizations

The Important Role of Accounts Payable (AP)
The Meaning of Managing Accounts Payable
The Functions of Management
The Functions of Accounts Payable Department and Role of AP Staff
Accounts Payable Impact on Working Capital and Cash Management

Day 2 : Accounting for Accounts Payable

Accounting Essentials for Accounts Payable
Accounts Payable Terminology
General Ledger and Sub-Ledger
Month-End Accounting Entries and Accruals
Control Account Reconciliations
Developing a Reconciliation Plan for the Sub-Ledger

Day 3 : Key Topics in Accounts Payable Management

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

Day 4 : The Behavioural Side of Managing Accounts Payable Department

Improving the Image of the Accounts Payable Department
Ways to Motivate Accounts Payable Staff
Organizing the AP Department
Closing the Communication Gap
Dealing with Internal and External Disputes
Providing Customer Service to Vendors

Day 5 : Using Excel in Managing Accounts Payable

The interface between Accounts Payable System and Excel
Using Pivot Tables to Extract Valuable Information
Preparing and Analyzing Accounts Payable Aging
Developing Your Accounts Payable Dashboard

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ISO 9001-2015

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Finance and Accounting Training Courses

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The Proposed Courses

Accounts Payable Specialist Professional Accounting

Introduction

Training Objectives of Accounts Payable Specialist

Accounts Payable Specialist Training Outlines

Day 1 : The Big Picture: Accounts Payable and the Financial Health of Organizations

Day 2 : Accounting for Accounts Payable

Day 3 : Key Topics in Accounts Payable Management

Day 4 : The Behavioural Side of Managing Accounts Payable Department

Day 5 : Using Excel in Managing Accounts Payable

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