- NY Credits : 4.0
- TX Credits : 4.0
AP Worst Practices, Better Options and IC Issues, External
This course is designed to make the reader aware of some of the more common worst practices in accounts payable and issues with internal control. The course will not only explain why these practices have made the worst list but will also give options for better practices for organizations. In addition, the course is will give an in-depth look at where, when, and why internal controls in the area of accounts payable often go awry. This basic level course is most beneficial to professionals new to this topic who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
identify effective data entry rules for invoice processors,
recognize best practice invoice handling routines,
identify places where rebates on p-cards can be increased,
recognize strong controls for a p-card program,
recognize the benefits of paying electronically,
identify best control practices related to electronic payments, and
identify regulatory issues regarding accounts payable.