It's All About your Bottom Line

  • Credits: 11
  • Format: Self-Study eBook
  • Field of Study: Accounting | Auditing
  • Author/Speaker: Mary Schaeffer
Available Formats:   
Advanced Preparation: None
Experience Level: Overview
Program Prerequisites: General Understanding of Accountancy
Course ID: MS-108
Published Date: © January 2018
COURSE DESCRIPTION

The book begins with a look at changing best practices and identifies those which must change in order for the accounts payable function to remain effective and thus allow the parent organization to remain competitive. It also explains why best practices are so important and why keeping current on the latest practices is critical for all.

This course takes a deep dive into the developing issues impacting the AP function of every company. The issues evaluated in this course are critical to those who want to run a cost-effective, efficient, fraud-resistant AP function.

Topics include:
  • Chapter 1 Changing Best Practices: No Longer a Static Set of Rules
  • Chapter 2 The Evolution in the Invoice Environment
  • Chapter 3 The Business Community Takes a Giant Step away from Paper Checks: Electronic Payments
  • Chapter 4 Electronic Payments: Expansion and Innovation
  • Chapter 5: Expense Reimbursement Receipts: The Bombshell Issue Many Don’t Expect
  • Chapter 6: Emerging Payment Frauds, both Large and Small
  • Chapter 7: Vendor Portals in Accounts Payable
  • Chapter 8: Advances in Technologies Provide New Data Insights
  • Chapter 9: Unique Challenges Created by Personal Devices (Smartphones and Tablets)
  • Chapter 10: Often-Overlooked Internal Control Breakdowns
  • Chapter 11: The New Vocabulary in Use in Accounts Payable (and Elsewhere in the Business Community)
  • Chapter 12: The Accounts Payable Function of Tomorrow
  • Chapter 13: The Future of the Professionals Working in and Managing the Accounts Payable Function

Learning Objectives:

After reading the course material, you will be able to:

  • Pinpoint problems that arise when best practices are ignored in AP.
  • Implement a best practice AP policy.
  • Create procedures that address new issues impacting AP function.
  • Pinpoint the skill sets and personnel likely to be successful in AP in the future.
  • Implement a customer service approach in the AP department.
  • Identify the needed skills you or your staff might be missing.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA