Mastering Accounts Payable (PA)| Londontfe

Overview
Course Outline
Scheduled Dates

Course Overview

This 10-day program equips professionals with the essential skills and knowledge to excel in Accounts Payable (AP). Through a blend of theoretical and practical applications, participants will gain a deep understanding of AP processes, best practices, fraud prevention, leadership, and performance management. By the end of the course, attendees will be well-positioned to optimise their organisation's AP operations and contribute to overall financial efficiency.

Attending this comprehensive course will give participants the knowledge and skills to optimise their organisation's AP operations, reduce costs, improve efficiency

Objective:

Develop a comprehensive understanding of Accounts Payable processes and best practices.
Analyse and improve current AP processes for efficiency and effectiveness.
Gain advanced awareness of fraud threats and risks in AP.
Develop strong leadership and management skills for AP teams.
Enhance skills in process improvement and efficiency.
Understand the application of Key Performance Indicators (KPIs) in AP.
Create a high-performing, motivated, and engaged AP team.
Master the use of AP dashboards and reports.

Course Outline

Day 1: Foundations of Accounts Payable

The role of Accounts Payable in the organisation
AP processes: Invoice processing, matching, and payment
Three-way matching and its importance
Best practices for AP operations
Ethical considerations in AP

Day 2: Fraud Prevention and Risk Management

Common types of AP fraud
Fraud detection and prevention techniques
Internal controls and segregation of duties
Vendor fraud and supplier risk management
Data security and privacy considerations

Day 3: Leadership and Team Management

Leadership styles and their impact on AP teams
Effective communication and team building
Motivating and engaging AP staff
Performance management and goal setting
Developing a positive work culture

Day 4: Process Improvement and Efficiency

Identifying opportunities for process improvement
Lean and Six Sigma methodologies for AP
Automation of AP processes
Implementing technology solutions for AP
Benchmarking and best practices

Day 5: Key Performance Indicators and Reporting

Developing relevant KPIs for AP
Analysing AP performance data
Creating effective AP dashboards and reports
Using data to drive process improvements

Day 6: Advanced AP Topics

Vendor relationship management
Dispute resolution and collections
Tax compliance for AP
Global AP challenges and best practices

Day 7: Technology in AP

AP automation tools and software
Integration with ERP systems
Cloud-based AP solutions
Emerging technologies in AP

Day 8: Case Studies and Simulations

Real-world examples of AP challenges and solutions
Case studies on fraud prevention and detection
Simulations of AP processes and decision-making

Day 9: Continuous Improvement and Best Practices

Benchmarking and industry best practices
Change management in AP
Future trends in AP

Day 10: Review and Next Steps

Course summary and key takeaways
Developing a personal development plan
Networking and building relationships

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

Select Month

All
January

Location

All
London

London

$9,800

Duration: 2 Week

date: 06 - 17 Jan 2025

Finance and Accounting

Mastering Accounts Payable (PA)

Duration:2 Week

date:06 - 17 Jan 2025

London

$9,800

CPD Standards

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

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59+ Countries with
3000+ Chapters

Why Choose London Training For Excellence?

Reliability

We will never cancel a confirmed booking
Support

We offer around the clock support
Tailored

We customise our courses to suit your personal learning needs
Quality

Our courses are delivered by highly experienced industry experts
Recognition

All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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