Understanding the fundamentals of the accounts payable function is critical for any organization that wants to run an effective and efficient accounts payable function. Without this understanding, weak processes are permitted making fraud easier to commit. Duplicate payments increase and the function is not cost-effective. This course presents information the professional can use to create a strong process and implement effective functions. Industry expert Mary Schaeffer shows auditors, controllers, and managers how proper processes in the accounts payable function strengthen controls and lead to an efficient and effective accounts payable function.

Learning Objectives
Understand why setting up the accounts payable function correctly is important
Detect potential problems when payments are made outside accounts payable
Delineate an effective process for entering data in the master vendor file
Establish effective controls around the master vendor file
Create an effective process for the receipt of invoices
Create an effective P-card policy
Craft an electronic payment expansion program
Execute best practices when hiring a recovery firm
Implement a travel policy that conforms to IRS guidelines
Assemble a spot-checking policy for expense receipts
Pinpoint misconceptions that deter proper fraud protection
Employ best practices to prevent ACH and wire fraud
Create a policy to deal with the BYOD issue
Identify and eliminate common problems associated with electronic payments
Identify changes impacting accounts payable in the near future

To complete this course participants need to: View the video and complete an assessment exam with a minimum passing grade of 70% or higher.

Upon course completion a course evaluation form is provided for your feedback.

You have 1 year from the time of purchase/enrollment to complete the course.

Our Refund Policy can be found at: cpeprime.com/cancellation-and-refund/