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OVERVIEW OF THE STATEMENT OF CASH FLOWS
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ACCOUNTING FOR HELD FOR SALE ASSETS
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PRINCIPLES OF FINANCIAL STATEMENT PRESENTATION
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DETAILED OVERVIEW OF THE HELD FOR SALE CLASSIFICATION CRITERIA
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CASH FLOW REPORTING & OTHER FINANCIAL STATEMENT DISCLOSURE HOT TOPICS
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SUPPLIER FINANCE PROGRAMS – WHAT YOU NEED TO DISCLOSE
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KNOW THE DIFFERENCES BETWEEN AN ASSET ACQUISITION VS. BUSINESS COMBINATION
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OPTIMIZE CASH FLOW THROUGH RECEIVABLES FACTORING
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SEC PAY VERSUS PERFORMANCE DISCLOSURES – WHAT YOU NEED TO KNOW
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GOODWILL IMPAIRMENT BASICS
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HOW TO READ AND ANALIZE FINANCIAL STATEMENTS
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GOODWILL IMPAIRMENT TESTING
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EVALUATING AND PROPERLY DISCLOSING FASB ACCOUNTING STANDARD UPDATES (ASUS)
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INTRODUCTION TO FINANCIAL STATEMENTS AND THE ENVIRONMENT OF FINANCIAL REPORTING
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PREPARING FINANCIAL STATEMENTS
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EQUITY INVESTMENTS AND LONG-LIVED ASSETS
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EARNINGS MANAGEMENT
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CURRENT ASSETS AND ASSET VALUATION
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KEY SEC REGULATIONS ACCOUNTANTS SHOULD KNOW ABOUT
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FORENSIC ACCOUNTING: 5 STEPS TO SUCCESSFUL PERFORMANCE
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SEC CLIMATE-RELATED DISCLOSURES: WHAT YOU NEED TO KNOW
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FINANCIAL REPORTING AND ANALYSIS - 10 COURSE SERIES.
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REAL ESTATE ACCOUNTING: A PRACTITIONER'S GUIDE
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MONEY LAUNDERING
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DISCLOSURE REQUIREMENTS: REV REC, LEASES, BUSINESS COMBINATIONS, CECL & SEGMENTS
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LEASE ACCOUNTING FUNDAMENTALS
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REVENUE RECOGNITION: HOW TO IDENTIFY PERFORMANCE OBLIGATIONS
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LEASE ACCOUNTING AND REPORTING - WHAT YOU NEED TO KNOW
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DISCLOSURE REQUIREMENTS FOR SEC FORM 8-K
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LESSEE ACCOUNTING: IDENTIFICATION, CLASSIFICATION & RECOGNITION
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ACCOUNTING FOR SOFTWARE – INTERNAL USE AND EXTERNAL SALES
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ACCOUNTING FOR BUSINESS COMBINATIONS
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SEC FORM 8-K: WHEN TO FILE AND WHAT TO DISCLOSE
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Self study cpe
Optimal Accounting for Payables

OPTIMAL ACCOUNTING FOR PAYABLES

There is no video for this course. The learning materials for this course are in the downloadable document.
CPE Processing Fee$30.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE Credits 1.0 hour
Subject Area 1.0 - Accounting
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateMay 23, 2024
Date OfferedMay 23, 2024
Expiration DateMay 23, 2025
Course Description

The recordation and payment of accounts payable is a deeply inefficient process. Optimal Accounting for Payables shows how to enhance the basic process, as well as how to sidestep portions of it entirely. The result is a much more efficient and effective payables function. The course also notes the impact of these changes on closing the books, fraud, and the annual audit.


Learning Objectives:


  • List the reasons why a payables system needs to make prompt payments

  • Identify the issues associated with a three-way matching system, and how they can be corrected

  • Recognize the alternatives available for reducing the amount of payables data entry

  • Summarize the advantages and disadvantages of a reverse lockbox system

  • Describe the problems associated with the production of manual checks

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



Accountingtools payables videoimage
Additional Materials
Handout and Glossary
Review Questions
Review Questions
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Accountingtoolsinclogo

Steven Bragg, CPA, is the founder of AccountingTools, Inc. He is the author of more than 300 business books and courses, including the best sellers Cost Accounting Fundamentals, The CFO Guidebook, Closing the Books, Payroll Management, and The GAAP Guidebook. He has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte. He holds an MBA from Babson College, a Master of Finance degree from Bentley College, and a BA from the University of Maine. He also manages the Accounting Best Practices podcast.

Away from work, Steve has been a two-time president of the Colorado Mountain Club and has climbed five of the seven continental high points, the 100 highest peaks in Colorado, the 100 highest peaks in New England, and all 50 of the state high points of the United States. He has also solo mountain biked the 483-mile Colorado Trail - both ways. He is an expert alpine skier, trail running author of Run the Rockies, and a PADI-certified Master Diver. 

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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Accountingtoolsinclogo
AccountingTools, Inc. is focused on providing information on all possible accounting topics to the practicing accountant. We have developed more than three hundred online training classes, 50 softcover books, and issued over 4,000 articles on accounting topics, as well as hundreds of podcast episodes. We also have a strong focus on minimizing our environmental impact.