Home
0
Home
Use Landscape to see Search/Filter
Item Types:
Field of Study:
Authors:
CPE Hours:
Keyword:
Hide left panel Collapse Menu
Show left panel
Recent Searches
No recent searches found.
Recent Searches
No recent searches found.
Course Details

Payables Management - A Practitioners Guide (Course Id 680)

New / QAS / Registry   Add to Cart 
Author : Steven Bragg, CPA
Status : Production
CPE Credits : 10.0
IRS Credits : 0
Price : $99.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Accounting and Auditing for Course Id 680

Description :

Proper management of the accounts payable function calls for a comprehensive knowledge of transaction flows, controls, and the latest technology. The Payables Management course delves into these topics in detail, addressing the accounting for each type of payables transaction, control systems, use taxes, payables fraud, record keeping, unclaimed property reporting, measurement systems, and more.

Usage Rank : 0
Release : 2014
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-Dec-2014
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 - 680

Keywords : Accounting, Payables, Management, Practitioners, Guide, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    Recognize the types of transaction cycles, as well as the effects of the different organizational structures.
    Note the effects of the matching concept and the use of adjustment documents in invoice processing.
    Identify the types of payments, their advantages, and when they are used.
    Note the exclusions from expense reports.
    Recognize the steps used in the reconciliation of a procurement card statement.
    Identify the parties involved in remitting sales and use taxes.
    Identify the concepts under which supply chain financing is offered to suppliers.
    Note how accounting software applies information when an invoice is recorded.
    Note how accrued expenses are calculated.
    Identify the types of process improvements, as well as the methods used to improve the layout of a department.
    Recognize the controls used for invoice processing, recurring payments, expense reports, procurement cards, and petty cash.
    Identify the types of fraud that can apply to payables.
    Cite the impacts and features of the different types of payables technology.
    Identify the fields used in the vendor master file, and the methods used to derive supplier identification numbers.
    Identify the fields used in the Form 1099.
    Recognize the rules under which unclaimed property is sent to the applicable state government.
    Note the areas in which cost recovery efforts can yield a significant return.
    Cite the situations in which certain payables measurements can yield incorrect or skewed results.

Chapter 1
Overview of Payables

Recognize the types of transaction cycles, as well as the effects of the different organizational structures.

Chapter 2
Invoice Processing

Note the effects of the matching concept and the use of adjustment documents in invoice processing.

Chapter 3
Types of Payments

Identify the types of payments, their advantages, and when they are used.

Chapter 4
Expense Reimbursement

Note the exclusions from expense reports.

Chapter 5
Procurement Cards

Recognize the steps used in the reconciliation of a procurement card statement.

Chapter 6
Use Taxes

Identify the parties involved in remitting sales and use taxes.

Chapter 7
Finance Issues

Identify the concepts under which supply chain financing is offered to suppliers.

Chapter 8
Accounting for Payables

Note how accounting software applies information when an invoice is recorded.

Chapter 9
Closing Payables

Note how accrued expenses are calculated.

Chapter 10
Department Management

Identify the types of process improvements, as well as the methods used to improve the layout of a department.

Chapter 11
Payables Controls

Recognize the controls used for invoice processing, recurring payments, expense reports, procurement cards, and petty cash.

Chapter 12
Payables Fraud

Identify the types of fraud that can apply to payables.

Chapter 13
Payables Technology

Cite the impacts and features of the different types of payables technology.

Chapter 14
Payables Record Keeping

Identify the fields used in the vendor master file, and the methods used to derive supplier identification numbers.

Chapter 15
Government Reporting

Identify the fields used in the Form 1099.

Chapter 16
Unclaimed Property

Recognize the rules under which unclaimed property is sent to the applicable state government.

Chapter 17
Cost Recovery

Note the areas in which cost recovery efforts can yield a significant return.

Chapter 18
Payables Measurements

Cite the situations in which certain payables measurements can yield incorrect or skewed results.
Course Contents :

Chapter 1 - Overview of Payables

Transaction Cycles

Organizational Structure of the Accounting Department

Payables Functions

Payables Job Descriptions

Chapter 2 - Invoice Processing

The Need for Precise Invoice Processing

The Supplier Invoice Processing Procedure (Manual System)

The Supplier Invoice Processing Procedure (Integrated System)

Accounts Payable Credits Processing Procedure

The Evaluated Receipts Processing Procedure

The Check Payment Issuance Procedure

Payment Alternatives

The Void Checks Procedure

Enhancements to Invoice Processing

Direct Invoice Delivery

Centralize E-mailed Invoice Processing

Return Incomplete Invoices

Invoice Numbering Convention

Request Aggregated Invoice

Minimize Approvals

Analyze Matching Discrepancies

Monitor Invoice Disputes

Recurring Payment Automation

Manual Check Reduction

Analyze Manual Checks

Restrict Manual Delivery of Checks

Restrict Cash Advances

Schedule Frequent Check Runs

Use a Signature Stamp or Plate

Reduce the Need for Second Signatures

Encourage use of ACH

Clean the Payables Aging Report

Search for Open Credits

Reduce the Number of Suppliers

Chapter 3 - Types of Payments

Cash Payments (Petty Cash)

Check Payments

Foreign Check Clearing

Float

Advantages of Checks

Disadvantages of Checks

Bank Drafts

Automated Clearing House Payments

Advantages of ACH

Impact on Float

Global ACH

Wire Transfers

The Letter of Credit

The Standby Letter of Credit

Chapter 4 - Expense Reimbursement

The Need for Expense Reimbursement

The Expense Report Submission Procedure (Manual System)

The On-Line Expense Report Submission Procedure

The Expense Report Review Procedure

The Travel and Entertainment Policy

Additional Expense Reimbursement Topics

Form of Documentation

Cash Advances

Expense Report Auditing

Expense Report Outsourcing

Spend Management

Employee Reviews

Chapter 5 - Procurement Cards

When and How to Use Procurement Cards

The Card Reconciliation Procedure

The Lost Card Procedure

Additional Procurement Card Topics

Card Issuer Relations

Card Rebates

Cash Flow Management

Card User Relations

Departure of Card Users

Chapter 6 - Use Taxes

Sales and Use Tax Overview

Use Tax Systems

Use Tax Audits

Sales Tax Exemption Certificate

Multiple Points of Use Certificate

Chapter 7 - Finance Issues

Early Payment Discounts

Payment Timing

Supply Chain Financing

Chapter 8 - Accounting for Payables

Routine Accounts Payable Entries

Period-end Accounts Payable Entries

Applicable Accounts to Charge

Chapter 9 - Closing Payables

Accounts Payable Accruals

Expense Reports

Issues with the Credit Card Close

Accounts Payable Suspense Items

Discrepancy Invoices

Uncashed Checks

Reconciling Accounts Payable

Additional Year-end Tasks

Closing the Ledger

Chapter 10 - Department Management

Payables Manager Responsibilities

Schedule of Activities

Error Tracking System

Process Reviews

Queue Management

Department Layout

Skills Review and Training

Measuring the Results of Training

Consolidate Accounting

Quality of the Work Environment

Flexible Work Hours

Job Sharing

Permanent Part-Time Work

Chapter 11 - Payables Controls

Accounts Payable Processing Controls

Alternative Accounts Payable Control Systems

Control System for Manual Accounts Payable

Control System for Computerized Accounts Payable

Additional Payables Controls Trend Analysis

Additional Payables Controls Fraud Related

Additional Payables Controls Periodic Actions

Expense Report Processing Controls

Alternative Expense Report Control Systems

Control System for Manual Expense Reporting

Control System for Computerized Expense Reporting

Additional Expense Report Controls Fraud Related

Additional Expense Report Controls Periodic Actions

In-Process Procurement Card Controls

Alternative Procurement Card Control Systems

Procurement Card Control System without a Transaction Log

Procurement Card Control System with a Transaction Log

Additional Payables Controls Fraud Related

Additional Payables Controls Periodic Actions

Petty Cash Controls

Additional Payables Controls Fraud Related

Payables Policies

Payables Policies

Expense Report Policies

Procurement Card Policies

Petty Cash Policies

Chapter 12 - Payables Fraud

Personal Purchases

Refunds of Personal Purchases

Fake Suppliers

Supplier Overbillings

Unauthorized Shipments

Supplier-Staff Collusion

Authorization Limit Avoidance

Petty Cash Theft

Redirected Payments

Check Fraud

Check Theft

ACH Debits

Keystroke Logging

Chapter 13 - Payables Technology

The Payment Factory

Automated Expense Report Submissions

Automated Payables Matching

The Reverse Lockbox

Supplier Portals

Automated W-9 Forms

Chapter 14 - Payables Record Keeping

The Vendor Master File

Vendor Master File Usage

Supplier Naming Conventions

Vendor Master File Errors

Duplicate Record Detection and Prevention

TIN Matching

The Payables Filing System

Off-site Storage

Document Imaging

Document Destruction

Chapter 15 - Government Reporting

The Form 1099-MISC

Treatment of Incorrect Filings

The Form W-9

Backup Withholdings

Form 1099 Administrative Issues

Form W-9 Administrative Issues

Chapter 16 - Unclaimed Property

The Unclaimed Property Liability

Uncashed Checks

Treatment of Credits

Due Diligence Letters

The Dormancy Period

The Unclaimed Property Audit

Document Retention Policy

Filing Unclaimed Property Reports

Claiming Unclaimed Property

Chapter 17 - Cost Recovery

Internal Cost Recovery Targets

Advertising Expenditures

Allowances

Contracts

Duplicate Payments

Freight Billings

Health Plan Enrollment

Legal Billings

Spend Compliance

Supplier Credits

Telecommunications Billings

Unclaimed Property

Unreturned Deposits

Internal Cost Recovery Staff

Recovery Auditors

Cost-Benefit of Cost Recovery Activities

Cost Recovery Timing

Fertile Ground for Cost Recovery Efforts

Chapter 18 - Payables Measurements

Days Payables Outstanding

Supplier Billed Price Variance

Transaction Error Rate

Full-Time Equivalent Measurements

FTEs per $1 Million of Revenue

Staff Cost per FTE

Line Items per FTE

Paperless Measurements

Percent of Paperless Invoices

Percent of Paperless Payments

Additional Payables Measurements

Glossary

Accounting Course 680 Home: https://www.cpethink.com/qas-cpa-courses
Thank you for taking one of our free courses. We would like to be able to let you know when we add free courses or have special offers and will never spam you or share your address with anyone. If you are Ok with that please reply with "Ok" or if not please reply "No Thanks". Either way enjoy your free CPE course.
  
Exam completed on .

Do you want to add the course again?