Payables Management

Price: $92.50

CPE Credits: 10.0

Category:

Course Number: AACSBAP

payables management

Description:
Proper management of the accounts payable function calls for a comprehensive knowledge of transaction flows, controls, and the latest technology. The Payables Management course delves into these topics in detail, addressing the accounting for each type of payables transaction, control systems, use taxes, payables fraud, record keeping, unclaimed property reporting, measurement systems, and more. Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: October 2014
Update: September 2017

Format: PDF

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:

  • Recognize the types of transaction cycles, as well as the effects of the different organizational structures.
  • Note the effects of the matching concept and the use of adjustment documents in invoice processing.
  • Identify the types of payments, their advantages, and when they are used.
  • Note the exclusions from expense reports.
  • Recognize the steps used in the reconciliation of a procurement card statement.
  • Identify the parties involved in remitting sales and use taxes.
  • Identify the concepts under which supply chain financing is offered to suppliers.
  • Note how accounting software applies information when an invoice is recorded.
  • Note how accrued expenses are calculated.
  • Identify the types of process improvements, as well as the methods used to improve the layout of a department.
  • Recognize the controls used for invoice processing, recurring payments, expense reports, procurement cards, and petty cash.
  • Identify the types of fraud that can apply to payables.
  • Cite the impacts and features of the different types of payables technology.
  • Identify the fields used in the vendor master file, and the methods used to derive supplier identification numbers.
  • Note the uses of the Form 1099 copies.
  • Identify the fields used in the Form 1099.
  • Note the situations in which backup withholding is not required.
  • Recognize the rules under which unclaimed property is sent to the applicable state government.
  • Note the processes related to unclaimed property.
  • Note the areas in which cost recovery efforts can yield a significant return.
  • Cite the situations in which certain payables measurements can yield incorrect or skewed results.

 

Description:
Proper management of the accounts payable function calls for a comprehensive knowledge of transaction flows, controls, and the latest technology. The Payables Management course delves into these topics in detail, addressing the accounting for each type of payables transaction, control systems, use taxes, payables fraud, record keeping, unclaimed property reporting, measurement systems, and more. Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: October 2014
Update: September 2017

Format: PDF

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:

  • Recognize the types of transaction cycles, as well as the effects of the different organizational structures.
  • Note the effects of the matching concept and the use of adjustment documents in invoice processing.
  • Identify the types of payments, their advantages, and when they are used.
  • Note the exclusions from expense reports.
  • Recognize the steps used in the reconciliation of a procurement card statement.
  • Identify the parties involved in remitting sales and use taxes.
  • Identify the concepts under which supply chain financing is offered to suppliers.
  • Note how accounting software applies information when an invoice is recorded.
  • Note how accrued expenses are calculated.
  • Identify the types of process improvements, as well as the methods used to improve the layout of a department.
  • Recognize the controls used for invoice processing, recurring payments, expense reports, procurement cards, and petty cash.
  • Identify the types of fraud that can apply to payables.
  • Cite the impacts and features of the different types of payables technology.
  • Identify the fields used in the vendor master file, and the methods used to derive supplier identification numbers.
  • Note the uses of the Form 1099 copies.
  • Identify the fields used in the Form 1099.
  • Note the situations in which backup withholding is not required.
  • Recognize the rules under which unclaimed property is sent to the applicable state government.
  • Note the processes related to unclaimed property.
  • Note the areas in which cost recovery efforts can yield a significant return.
  • Cite the situations in which certain payables measurements can yield incorrect or skewed results.

 

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