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Course Details

Its All about Your Bottom Line: Developing Accounts Payable Issues and Practices (Course Id 848)

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Author : Mary S Schaeffer, MBA
Status : Production
CPE Credits : 11.0
IRS Credits : 0
Price : $103.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 848

Description :

Both the business world and more specifically, the accounts payable function are going through a massive upheaval. These changes, if not recognized and dealt with appropriately and in a timely manner can have a huge negative impact on any organization’s bottom line. 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.

Usage Rank : 0
Release : 2015
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 : 15-Sep-2015
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 - 848

Keywords : Accounting, Its, about, Your, Bottom, Line, Developing, Accounts, Payable, Issues, Practices, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    • 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
    • Create a best practice policy to address new invoice receipt issues
    • Develop an efficient process to handle emailed invoices
    • Devise a plan to weed out duplicate copies of the same invoice
    • Implement an ACH payment program
    • Develop a policy to use ACH to handle all Rush payments
    • Build a process to supply remittance information with ACH payments
    • Expand an existing ACH payment program
    • Develop strategies to convince suppliers to accept electronic payments
    • Avoid the hidden surprises that can destroy an ACH payment program
    • Create a best practice receipt requirement policy
    • Use a new receipt policy to deter fraud and identify expense report abusers
    • Identify common tricks used by some employees to pad their expense reports
    • Develop procedures to prevent your company from being hurt by ACH fraud
    • Implement a vendor portal to improve AP’s efficiency
    • Utilize a self-service policy suppliers’ information
    • Eliminate the possibility of change of account fraud
    • Create a scoreboard to monitor AP activity
    • Utilize big data to better analyze procurement data
    • Take advantage of data analytics to improve payment and payables functions
    • Pinpoint all the issues that need to be addressed in a BYOD policy
    • Create a realistic BYOD policy that addresses your company’s needs
    • Identify common BYOD concerns and develop policies to address them
    • Pinpoint the reasons internal controls fail and address them
    • Identify the control problems in the payment process
    • Spot the control problems in the AP process
    • Detect common control issues around personnel
    • Recognize new terminology and technology in use in AP
    • Reorganize the AP function to take advantage of new technology
    • Implement procedures to ensure compliance with all the regulatory issues
    • Create a Dynamic Discounting program
    • 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

Chapter 1
Changing Best Practices: No Longer a Static Set of Rules

    • 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

Chapter 2
The Evolution in the Invoice Environment

    • Create a best practice policy to address new invoice receipt issues
    • Develop an efficient process to handle emailed invoices
    • Develop a game plan to stop vendors from sending multiple copies of the same invoice
    • Devise a plan to weed out duplicate copies of the same invoice

Chapter 3
The Business Community Takes a Giant Step away from Paper Checks: Electronic Payments

    • Implement an ACH payment program
    • Develop a policy to use ACH to handle all Rush payments
    • Build a process to effectively supply remittance information with electronic payments

Chapter 4
Electronic Payments: Expansion and Innovation

    • Expand an existing ACH payment program
    • Develop strategies to convince suppliers to accept electronic payments
    • Avoid the hidden surprises that can destroy an ACH payment program

Chapter 5
Expense Reimbursement Receipts: The Bombshell Issue Many Don’t Expect

    • Create a best practice receipt requirement policy
    • Utilize the new meal receipt policy to combat fraud and abuse
    • Use a new receipt policy to deter fraud and identify expense report abusers

Chapter 6
Emerging Payment Frauds, both Large and Small

    • Identify common tricks used by some employees to pad their expense reports
    • Develop procedures to prevent your organization from being hurt by electronic payment fraud
    • Prevent employees from submitting the cost of gift cards for personal use on their expense reports

Chapter 7
Vendor Portals in Accounts Payable

    • Implement a vendor portal to improve AP’s efficiency
    • Utilize a self-service policy suppliers’ information
    • Eliminate the possibility of change of account fraud

Chapter 8
Advances in Technologies Provide New Data Insights

    • Create a scoreboard to monitor AP activity
    • Utilize big data to better analyze procurement data
    • Take advantage of data analytics to improve payment and payables functions

Chapter 9
Unique Challenges Created by Personal Devices (Smartphone, Tablets and Who Knows What Else)

    • Pinpoint all the issues that need to be addressed in a BYOD policy
    • Create a realistic BYOD policy that addresses your company’s needs
    • Identify common BYOD concerns and develop policies to address them

Chapter 10
Often-Overlooked Internal Control Breakdowns

    • Pinpoint the reasons internal controls fail and address them
    • Identify the control problems in the payment process
    • Spot the control problems in the AP process
    • Detect common control issues around personnel

Chapter 11
The New Vocabulary in Use in Accounts Payable (and Elsewhere in the Business Community)

    • Recognize new terminology and technology in use in AP

Chapter 12
The Accounts Payable Function of Tomorrow

    • Reorganize the AP function to take advantage of new technology
    • Implement new procedures to ensure the company can do comply with all the regulatory reporting required
    • Create a Dynamic Discounting program

Chapter 13
The Future of the Professionals Working in and Managing the Accounts Payable 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
Course Contents :

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

Glossary

Accounting Course 848 Home: https://www.cpethink.com/accounting-cpa-courses
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