- NY Credits : 4.0
- TX Credits : 4.0
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 explain why these practices have made the worst list and give options for better methods for organizations. In addition, the course will provide an in-depth look at where, when, and why internal controls in the area of accounts payable often go wrong. You will explore policies and procedures, duplicate payment prevention, master vendor file controls, and regulatory issues that impact the accounts payable functions. This basic level course is most beneficial to professionals new to this topic who may be at the staff or entry level in the organization but also for a seasoned professional with limited exposure to this topic.
Included with subscription(s):
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,
determine the benefits of paying electronically,
identify best control practices related to electronic payments, and
identify regulatory issues regarding accounts payable.