Introduction
Efficient management of Accounts Payable (AP) is essential for maintaining strong vendor relationships, optimizing cash flow, and ensuring financial stability. This course is designed to equip participants with the skills and knowledge needed to manage accounts payable efficiently. Participants will learn invoice processing and payment strategies, fraud prevention, and compliance with financial regulations. They also will gain practical insights into optimizing their AP processes, ensuring accuracy, and improving financial controls.
Course Outline
- Module 1
- Module 2
- Module 3
- Module 4
- Module 5
- Course Objectives
- Target Audience
Accounts Payable
- Accounts payable functions and their roles.
- Cycle for AP: From procurement to payment.
- Key terms and definitions in AP.
- The importance of AP in cash flow management.
- Documenting and recording AP transactions.
- AP policy: guidelines and best practices.
Invoice Processing & Management
- Steps in the invoice processing lifecycle.
- Techniques for invoice verification and matching.
- Managing discrepancies: returns, errors, and disputes.
- Implementing a three-way match system.
- Technology to enhance invoice processing.
- Impact of incorrect invoice processing.
Vendor Relationships & Payment Strategies
- Maintaining robust vendor relationships.
- Negotiating payment terms and conditions.
- Taking advantage of early payment discounts.
- Optimal use of payment methods.
- The role of AP in procurement strategy.
Internal Controls & Compliance
- Designing internal controls for AP.
- Preventing fraud and errors in the AP process.
- Compliance with financial regulations affecting AP.
- Conducting internal audits for AP.
- Role of AP in external audits.
Technology and Future Trends
- AP technologies.
- Technology solutions selection.
- Managing technology changes in AP.
- The future landscape of AP management.
By the end of this course, participants will be able to:
- Gain knowledge of the AP process and its financial impact on the business.
- Master the best practices for efficient invoice processing and management.
- Learn to manage vendor relationships effectively to secure favorable terms and discounts.
- Develop strategies for optimizing cash flow through effective AP management.
- Enhance internal controls to prevent fraud and ensure compliance with accounting standards.
- Understand the tax implications related to accounts payable.
This course is ideal for:
- Accounts payable clerks.
- Accountants.
- Auditors.
- Supervisors, and managers.
- Finance directors.
- Procurement officers.
- Business owners & entrepreneurs.
Course Schedule & Fees
- Kuala Lumpur
- Singapore
- Amsterdam
- Online
- Course Fees
This course will take place in Kuala Lumpur on the following dates:
| 26/05/2025 | 09/06/2025 | 23/06/2025 | 07/07/2025 |
| 21/07/2025 | 04/08/2025 | 18/08/2025 | 01/09/2025 |
| 15/09/2025 | 29/09/2025 | 13/10/2025 | 27/10/2025 |
| 10/11/2025 | 24/11/2025 | 08/12/2025 | 22/12/2025 |
| 05/01/2026 | 19/01/2026 | 02/02/2026 | 16/02/2026 |
This course will take place in Singapore on the following dates:
| 19/05/2025 | 09/06/2025 | 30/06/2025 | 21/07/2025 |
| 11/08/2025 | 01/09/2025 | 22/09/2025 | 13/10/2025 |
| 03/11/2025 | 15/12/2025 | 05/01/2026 | 26/01/2026 |
| 16/02/2026 |
This course will take place in Amsterdam on the following dates:
| 26/05/2025 | 16/06/2025 | 07/07/2025 | 28/07/2025 |
| 18/08/2025 | 08/09/2025 | 29/09/2025 | 20/10/2025 |
| 10/11/2025 | 01/12/2025 | 22/12/2025 | 12/01/2026 |
| 02/02/2026 | 23/02/2026 |
This course will take place Online the following dates:
| 20/05/2025 | 17/06/2025 | 15/07/2025 | 12/08/2025 |
| 09/09/2025 | 07/10/2025 | 04/11/2025 | 02/12/2025 |
| 30/12/2025 | 27/01/2026 | 24/02/2026 |
| Kuala Lumpur | Singapore | Amsterdam | Online |
| USD$ 3,580 | USD$ 5,600 | USD$ 5,600 | USD$ 1,920 |
