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Advanced Budgeting Management and IFRS

Length
5 days
Price
3,995 USD
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Course delivery
Classroom
Length
5 days
Price
3,995 USD
Next course start
Start anytime See details
Course delivery
Classroom
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Course description

Advanced Budgeting Management and IFRS

Accounts Payable is not just processing checks, mailing them and then filing the backup paperwork. To truly and effectively manage accounts payable, one must understand the AP department's building blocks including, but not limited to customer service, vendor management, check requests and Purchase Orders.

This course will discuss how to handle invoices, process checks, prevent errors, conduct annual audits, and use technology in the department. You will also learn the best practices to adopt in your AP department and how to develop your department into an effective business partner.

Upcoming start dates

1 start date available

Start anytime

  • Classroom
  • Dubai

Suitability - Who should attend?

Who Should Attend

All levels of Finance Management, Finance Executives, Accountants, Accounts Payable Managers, Accounts Payable Supervisors, Accounts Payable Staff. Others who are working within accounts payable process or who wish to develop a practical toolkit to complement their existing professional or technical skills.

Outcome / Qualification etc.

  • 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

Training Course Content

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

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

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

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

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

Why choose Convertas Management Consultants

Founded in 2006

12 Specialized trainers

100% of happy clients

Expenses

$3995

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Convertas Management Consultants
214, DBC2, Arjan
124534 Dubai

Convertas Management Consultants

CONVERTAS offers a series of specialized training services across all areas of business, helping employees develop and increase their skills. Our highly qualified trainers through our specifically designed courses and workshops, as well as our innovative training methodology, will provide...

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