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. 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
Self-Study Course Instructions: FOR DOCUMENT-BASED COURSES Download the course document(s) (below) and follow prompts contained in the document. FOR RECORDED COURSES WITH VIDEO Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable. |
Accounts Payable Now & Tomorrow
Owner
marys@ap-now.com
302 836 0540
Mary S. Schaeffer, a nationally recognized accounts payable expert, is the author of 18 business books, a monthly newsletter and a free weekly e-zine, as well as 10l CPE self-study courses for CPAs. She runs AP Now, a boutique publishing and consulting firm focused on accounts payable issues. Before turning to writing and consulting she worked in the corporate world as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. A frequent and popular speaker at industry live and online events, she has an MBA in Finance and a BS in Mathematics.
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