Accounts Payable for Business -Simple guide for everyone 2.0

Accounts Payable for Business -Simple guide for everyone 2.0, available at $44.99, has an average rating of 4.72, with 47 lectures, based on 32 reviews, and has 131 subscribers.

You will learn about Understanding the fundamental principles and processes of Source to Pay and Accounts payable management. Developing proficiency in recording, verifying, and processing supplier invoices accurately and efficiently. Learning best practices for managing accounts payable workflows, including invoice approval, payment scheduling, and reconciliation. Gaining insight into the importance of internal controls and compliance measures in accounts payable operations. Enhancing skills in vendor management, communication, and resolving discrepancies to maintain positive supplier relationships. Improving overall efficiency and accuracy in accounts payable processes to contribute to the financial health and success of the organization. This course is ideal for individuals who are Finance professionals who would want to learn about accounts payable process. It is particularly useful for Finance professionals who would want to learn about accounts payable process.

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Summary

Title: Accounts Payable for Business -Simple guide for everyone 2.0

Price: $44.99

Average Rating: 4.72

Number of Lectures: 47

Number of Published Lectures: 47

Number of Curriculum Items: 47

Number of Published Curriculum Objects: 47

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

Understanding the fundamental principles and processes of Source to Pay and Accounts payable management.
Developing proficiency in recording, verifying, and processing supplier invoices accurately and efficiently.
Learning best practices for managing accounts payable workflows, including invoice approval, payment scheduling, and reconciliation.
Gaining insight into the importance of internal controls and compliance measures in accounts payable operations.
Enhancing skills in vendor management, communication, and resolving discrepancies to maintain positive supplier relationships.
Improving overall efficiency and accuracy in accounts payable processes to contribute to the financial health and success of the organization.

Who Should Attend

Finance professionals who would want to learn about accounts payable process.

Target Audiences

Finance professionals who would want to learn about accounts payable process.

Latest update in June 2024

~ Updated with 10 Fraud scenarios – Simple case studies.

~ Updated with 24 examples – Simple but practical Examples – Self-study mode – Self paced learning.

~ Updated with 18 operational scenarios – How to handle the situation?

<< Keep checking for updates – every month.>>

This comprehensive course is designed to equip business professionals with the knowledge and skills necessary to effectively manage accounts payable processes by having a sound understanding of the end to end source to pay process.

This course will offer a good understanding of the accounts payable workflow, best practices, and compliance requirements which includes Sourcing, contracting, procuring, receipting, invoice processing, payment authorization and accounting,

Definition and importance of Source to Pay – Source to Contract and Procure to Payment (Accounts payables)
End to end process overview of Source to Pay with more focus on Accounts payable
Navigate the accounts payable process from invoice receipt to payment reconciliation.
- Purchase order, Purchase receipting, Invoicing and processing
- 2 way, 3 way, 4 way match
- Various aspects of invoice validations
- Overcome challenges associated with Invoice validations – Invoice discrepancies
- Payment authorization and execution
- Month end accruals
- Reconciliation and vendor management
Understand the role and importance of accounts payable in business operations.
Implement best practices for efficient and accurate accounts payable management.
Understand the importance of Key controls in identifying and prevent common AP risks
AP operational scenarios – How to handle the situation?
Fraud Scenarios – 10 Case studies with controls
A comprehensive glossary of definitions with examples
Detailed sections of Frequently asked questions for easy understanding, quick preparation for interviews or presentations.
Simple but useful practical examples

Course Curriculum

Chapter 1: Introduction to Source to Pay

Lecture 1: Source to Pay Overview

Chapter 2: Accounts payables- End to End Process flow

Lecture 1: Purchase process flow

Lecture 2: Purchase Requisitions, Purchase orders and Approvals

Lecture 3: Different Invoices

Lecture 4: OCR Scanning

Lecture 5: Receipting

Lecture 6: 2 way, 3 way and 4 way match

Lecture 7: Invoice validation checks

Lecture 8: Invoice disputes

Lecture 9: Payment process

Lecture 10: Month end accruals

Lecture 11: Reconciliation

Lecture 12: Key controls

Chapter 3: AP operational scenarios – How to handle the situation

Lecture 1: Normal Purchase Order (PO) Processing

Lecture 2: Goods Receipt Note (GRN) with Excess Quantity

Lecture 3: Goods Receipt Note (GRN) with Short Quantity

Lecture 4: Invoice with Excess Amount

Lecture 5: Invoice with Short Amount

Lecture 6: Duplicate Invoice

Lecture 7: Overpayment

Lecture 8: Underpayment

Lecture 9: Early Payment Discount

Lecture 10: Late payment penalty

Lecture 11: Duplicate payment

Lecture 12: Payment return

Lecture 13: Payment not reached vendor

Lecture 14: Credit memo issued

Lecture 15: Debit memo issued

Lecture 16: Payment adjustment for discount

Lecture 17: Payment adjustment for late fee

Lecture 18: Payment discrepancy resolution

Chapter 4: Fraud Scenarios – simple case studies

Lecture 1: # 1 – The Phantom Supplier

Lecture 2: # 2 – The Duplicate Invoice Scheme

Lecture 3: # 3 – The Ghost Employee

Lecture 4: # 4 – The Inflated Purchase Orders

Lecture 5: # 5 – The False Vendor Creation

Lecture 6: # 6 – The Kickback Arrangement

Lecture 7: # 7 – The Misuse of Corporate Credit

Lecture 8: # 8 – The Unauthorized Price Increases

Lecture 9: # 9 – The Fake Maintenance Contracts

Lecture 10: # 10 – The Embezzlement through Refunds

Chapter 5: Glossary

Lecture 1: Glossary – Part 1

Lecture 2: Glossary – Part 2

Lecture 3: Glossary – Part 3

Chapter 6: Frequently asked questions

Lecture 1: FAQ – Part 1

Lecture 2: FAQ – Part 2

Chapter 7: Simple Practical Examples – Self-study mode – Self paced learning

Lecture 1: Simple Practical Examples – Self-study mode – Self paced learning.

Instructors

Vanaja D
Passionate instructor simplifying Accounting& Finance topics
Sonu Thomas
Chartered Accountant

Rating Distribution

1 stars: 0 votes
2 stars: 0 votes
3 stars: 1 votes
4 stars: 11 votes
5 stars: 20 votes

Frequently Asked Questions

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