Managing and Organizing Accounts Payable

Cash flow is the lifeblood of organizations. While we cannot always predict the timing and values of cash inflows with absolute certainty, the timing and values of cash outflows is largely within the control of the business.

The organization of the accounts payable function and the management of the accounts payable role are therefore of vital importance to the effective control of working capital and therefore cash flow.

This program will develop your general financial knowledge and awareness and your specific accounts payable expertise by enabling you to:

• Appreciate the importance of the accounts payable function with regard to its links with the supply chain and cash flow 
• Use the appropriate tools and techniques to evaluate suppliers and their financial and operational reliability
• Understand the integrated systems of purchase order processing, stock (inventory) control, purchase ledger, and cash payments, and their links with the general ledger
• Effectively manage cash and working capital to reduce costs and improve cash flow
• Consider the impact of risk and uncertainty on the business and its impact on accounts payable and cash flow

Course Objective:

• Work effectively with the fundamentals of accounts payable, financial accounting and the supply chain
• Appreciate the processes and procedures involved in the evaluation of suppliers
• Understand and apply the fundamentals of accounts payable systems
• Review and comment on payment methods and cash management 
• Analyze the need to incorporate risk and uncertainty into accounts 
• payable analysis

Course Certificate:

• Masters Consultant certificate will be issued to all attendees completing minimum of 75% of the total tuition hours of the course