Accounts Payable Training Course

FineResults Research Services invites you to training on:

DATE: 22nd to 26th March 2021

COST: USD 800 Or Ksh 65000

REGISTER TO ATTEND

INTRODUCTION

This Accounts Payable training course 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. 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. By attending this training course, participants will understand the importance of the accounts payable function with regard to its links with the supply chain and cash flow; the integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger; how to effectively manage cash and working capital to reduce costs and improve cash flow; the impact of risk and uncertainty on the business and its impact on accounts payable and cash flow and how leading companies from across the globe are achieving best practice in Accounts Payable.

DURATION

5 Days

COURSE OBJECTIVES

This training course aims to enable participants to achieve the following objectives:

Work effectively with the fundamentals of accounts payable, financial accounting and the supply chain

Understand and apply the fundamentals of accounts payable systems

Review and comment on payment methods and cash management

Analyse the need to incorporate risk and uncertainty into accounts payable analysis

Identify best practice across all industries

COURSE OUTLINE

Module 1:

Accounts Payable, Financial Accounting and the Supply Chain

Accounting and financial information: Accounts Payable in context

Sources of finance

The supply chain

Financial position and financial performance

Cash flow and Working Capital

Why is cash flow so important?

Module 2:

Achieving World Class in Accounts Payable Processes

Defining Best Practice in AP

Moving beyond P2P

Managing Risk

Principles of Best Practice

End to End AP Process

Defining the issues in Accounts Payable

Module 3:

Improving Invoice Processing and Operational Management

Invoice Handling and Approval Processes

Verifying invoice data

Paying “low value” items

How to avoid duplicate payments

Making the best use of staff time: limiting telephone calls to AP

Does Petty cash management belong in Accounts Payable?

Module 4:

Harnessing Technology in Accounts Payable Processes

Master Vendor File Management – getting it right from the start

Travel & Entertainment

Policy management

Cash advances and employee reimbursement

Process improvement through imaging and workflow

Using the internet for AP effectiveness

Module 5:

Making the Payments and Maintaining the Relationships

Communications & Customer Relations

Payments status information for vendors and internal customers

Improving Procure to Pay(P2P)Cycle

Payments and Payment Solutions: Accounts Payable or Treasury?

TRAINING CUSTOMIZATION

This training can also be customized for your institution upon request. You can also have it delivered your preferred location. For further inquiries, please contact us through Mobile: +254 759 285 295. You can also email us on: [email protected]

REQUIREMENTS

Participants should be reasonably proficient in English.  During the trainings, participants should come with their own laptops.

TRAINING FEE

The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact us through Mobile: +254 759 285 295 or Email: [email protected]

PAYMENT

Payment should be transferred to FineResults Research Services bank  account before commencement of training. Send proof of payment through the email: [email protected]

CANCELLATION POLICY

• All requests for cancellations must be received in writing.
• Changes will become effective on the date of written confirmation being received.

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