INTRODUCTION
This course was designed to build the capacity and competences of participants in Accounts Payable Management. This course provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state-of-the-art levels.

The organisation of the accounts payable function and the management of the accounts payable role are of vital importance to the effective control of working capital and therefore cash flow. Documented strategies and tactics employed by highly admired companies are presented both successful and unsuccessful to illustrate the real-world functionality of each process and approach.

By attending this course delegates will understand:
• The importance of the accounts payable function and the need for effective and efficient
controls
• The role of Accounts Payable Management in the control of the Working Capital of an
organisation
• How to create effective Accounts Payable Dashboards to track and present department KPI’s
• How to motivate and engage Accounts Payable Staff
• The importance of reviewing international “best practices” to continual improve Accounts Payable operating performance

COURSE OBJECTIVES
At the end of this course, you will learn to:
• Identify the function of accounts payable and its role in organizations
• Use accounting principles related to accounts payable
• Describe how to take a successful lead in the management of accounts payable
• Assess AP operations and processes and recommend improvements using the latest best practices
• Apply tools and techniques in Microsoft Excel to effectively manage and monitor accounts payable performance

TARGET COMPETENCIES
• Examining the role of accounts payable
• Performing month-end accruals
• Realizing the value added of three-way matching
• Preparing and analyzing accounts payable aging
• Preventing accounts payable fraud
• Applying accounts payable best practices
• Implementing early payment discount
• Utilizing Excel functions

TRAINING METHODOLOGY
This course will provide the theoretical background and techniques that underpin the organisation and management of accounts payable and its related functions. It will provide a real-world practical context by incorporating worked examples and case studies that delegates will see how theory applies in practice and can discuss the various issues raised.

ORGANISATIONAL IMPACT
The organisation will gain through the development and application of capabilities and skills in key area of Accounts

Payable management; specific benefits will include:
• Improved awareness of key business performance measures
• Greater insights from global best practice
• Better integration of wider financial process, for example purchase order management and supplier payments
• Raised levels of professionalism in the Accounts Payable team
• Improved human talent pool for internal succession planning
• More effective AP processing and the potential to reduce operating costs and time in a key area for financial transaction processing

PERSONAL IMPACT
As a delegate you will:
• Have a clear understanding of how to manage Accounts Payable
• Be pro-active in seeking and finding approaches to improve process and efficiency within Accounts Payable
• Communicate the importance of improving Accounts Payable process and its role in improving working capital management to colleagues
• Learn the latest developments in best practice in Accounts Payable

WHO SHOULD ATTEND?
This course is suitable to a wide range of professionals but will greatly benefit:
• Finance Executives
• Accountants
• Accounts Payable Managers
• Accounts Payable Supervisors
• Accounts Payable Staff
• Consultants and service providers
• Others who are working within accounts payable process or who wish to develop a practical toolkit to complement their existing professional or technical skills

COURSE OUTLINE
Module 1
• The Big Picture: Accounts Payable and the Financial Health of Organizations
• The Important Role of Accounts Payable (AP)
• The Meaning of Managing Accounts Payable
• The Functions of Management
• The Functions of Accounts Payable Department and Role of AP Staff
• Accounts Payable Impact on Working Capital and Cash Management

Module 2
• Accounting for Accounts Payable
• Accounting Essentials for Accounts Payable
• Accounts Payable Terminology
• General Ledger and Sub-Ledger
• Month End Accounting Entries and Accruals
• Control Account Reconciliations
• Developing a Reconciliation Plan for the Sub-Ledger

Module 3
• Key Topics in Accounts Payable Management
• Applying Best Practices in your Organization
• Identifying Proper Internal Controls
• The Annual Audit as an Added Value
• Impact of AP Outsourcing
• Detecting Fraud in Accounts Payable

Module 4
• The Behavioural Side of Managing Accounts Payable Department
• Improving the Image of Accounts Payable Department
• Ways to Motivate Accounts Payable Staff
• Organizing the AP Department
• Closing the Communication Gap
• Dealing with Internal and External Disputes
• Providing Customer Service to Vendors

Module 5
• Using Excel in Managing Accounts Payable
• Interface between Accounts Payable System and Excel
• Using Pivot Tables to Extract Valuable Information
• Preparing and Analyzing Accounts Payable Aging
• Developing Your Accounts Payable Dashboard

REGISTRATION
Tuition fee for this course is USD 2000 (for this discounted rate – please refer to code “PAC0522” when applying for this course). Each delegate will be entitled to a full package of programme materials, a Certificate of participation, refreshments, expert facilitation. To register for this course please apply online at: https://dotrid.com/apply-onlne/ or complete and forward our nomination form obtainable via email from: info@dotrid.com or call +27 832412212, +250 789 239 722, Mob/WhatsApp: +234 810 236 7332.

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