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Course Details

An Effective Accounts Payable Policy & Procedures Manual (Course Id 525)

QAS / Registry   Add to Cart 
Author : Mary S Schaeffer, MBA
Status : Production
CPE Credits : 1.5
IRS Credits : 0
Price : $14.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 525

Description :

Effective policies and procedures in the Accounts Payable function is critical for any organization wishing to reduce or eliminate duplicate payments, prevent and detect fraud, be cost effective and compliant with all regulatory issues affecting the payment function. The first step in that battle is having a current, detailed policy and procedures manual. This course presents information the professional can use to create an effective manual, that not only documents the organizations policies and procedures, can be used as a reference and training guide. Industry expert Mary Schaeffer shows auditors, controllers, and managers how to create such a manual when none exists. She also includes an outline for a sample policy as well as a checklist they can use to determine if their current policy is best practice or something less.

Usage Rank : 0
Release : 2013
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE)
Revision Date : 19-Feb-2013
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 525

Keywords : Accounting, Effective, Accounts, Payable, Policy, Procedures, Manual, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    • Pinpoint reasons an up-to-date accounts payable policy and procedures manual is needed
    • Demonstrate how an accounts payable policy and procedures manual strengthens controls
    • Show how to create a policy and procedures manual
    • Demonstrate several ways to start creating a manual from scratch
    • Show how to use the manual to address the rush check problem
    • Identify several short cuts to use when creating a policy and procedures manual
    • Delineate the segregation of duties requirements for the accounts payable function for inclusion in the policy and procedures manual
    • Show how computer access levels may circumvent segregation of duties requirements
    • Prepare an action plan to review and update an old policy and procedures manual
    • Identify often-overlooked changes that will improve accounts payable procedures

Chapter 1
The Role an Accounts Payable Policy and Procedures Manual Plays

    • Identify reasons an up-to-date accounts payable policy and procedures manual is needed • Demonstrate how an accounts payable policy and procedures manual strengthens controls

Chapter 2
Creating the Manual

    • Show how to create a policy and procedures manual • Demonstrate several ways to start creating a manual from scratch

Chapter 3
Using the Manual

    • Show how to use the manual to address the rush check problem • Identify several short cuts to use when creating a policy and procedures manual

Chapter 4
The Segregation of Duties Issue

    • Delineate the segregation of duties requirements for the accounts payable function for inclusion in the policy and procedures manual • Show how computer access levels may circumvent segregation of duties requirements

Chapter 5
Reviewing and Updating Your Policy and Procedures

    • Prepare an action plan to review and update an old policy and procedures manual • Identify often-overlooked changes that will improve accounts payable procedures
Course Contents :

Preface

 

Chapter 1: The Role an Accounts Payable Policy and Procedures Manual Plays

 

            Why a Policy and Procedures Manual Is Needed  

            The Policy and Procedures Manual from a Control Standpoint

            Including a Flowchart Is Not a Bad Idea

            Review Questions

            Review Answers

 

 Chapter 2: Creating the Manual

 

            No Policy and Procedures Manual?  Three Ways to Get Started

            A Straightforward Plan to Update the Accounts Payable
            Policy & Procedures Manual

            Review Questions

            Review Answers

 

Chapter 3: Using the Manual

 

            Teaching an Old Dog New Tricks: 5 Tips to Enforcing Policy Changes

            Tips for Creating A User-Friendly Accounts Payable Policy and Procedures Manual

            How the Manual Can Help Solve the Rush Check Problem 

            Review Questions

            Review Answers

 

Chapter 4: The Segregation of Duties Issue

 

            Don’t Overlook Segregation of Duties Requirements

            Segregation of Duties:  How Much Access Do Your Employees Really Have?

            Six Common Procedures that Enable Internal Check Fraud: Fix Them with Your Policy

            Review Questions

            Review Answers

 

Chapter 5: Reviewing and Updating Your Policy and Procedures

 

            Updating Your Accounts Payable Policy and Procedures Manual

            Five Often-Overlooked Practices that Should be Incorporated into Your Policies  

            Review Questions

            Review Answers

Appendices

 

Diagnostic: How Good Is Your Policy and Procedures Manual? 

A Discussion of the Best Practice Responses to the Diagnostic

Sample Outline for an Accounts Payable Policy and Procedures Manual 

 

Glossary

Accounting Course 525 Home: https://www.cpethink.com/qas-cpa-courses
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