Optimal Accounting for Payables

Price: $9.75

CPE Credits: 1.0

Category:

Course Number: AAOPAYSB

accounting for payables

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.
Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: June 2018

Format: PDF
Pages: 24

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• State the reasons why a payables system needs to make prompt payments.
• Cite the issues associated with a three-way matching system, and how they can be correct-ed.
• Recognize the alternatives available for reducing the amount of payables data entry.
• Recognize the advantages and disadvantages of a reverse lockbox system.
• Describe the problems associated with the production of manual checks.

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.
Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: June 2018

Format: PDF
Pages: 24

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• State the reasons why a payables system needs to make prompt payments.
• Cite the issues associated with a three-way matching system, and how they can be correct-ed.
• Recognize the alternatives available for reducing the amount of payables data entry.
• Recognize the advantages and disadvantages of a reverse lockbox system.
• Describe the problems associated with the production of manual checks.

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