Creating an Effective A/P Policy & Procedures Manual

Price: $13.25

CPE Credits: 1.5

Category:

Course Number: AACMSAPP

accounts payables policy

Description: Effective policies and procedures in the Accounts Payable function is critical for any organization wishing to reduce or eliminate duplicate payments, prevent and detect fraud, be cost effective and compliant with all regulatory issues affecting the payment function. The first step in that battle is having a current, detailed policy and procedures manual. This course presents information the professional can use to create an effective manual, that not only documents the organizations policies and procedures, can be used as a reference and training guide.
Industry expert Mary Schaeffer shows auditors, controllers, and managers how to create such a manual when none exists. She also includes an outline for a sample policy as well as a checklist they can use to determine if their current policy is best practice or something less.
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Schaeffer

Publication:  January 2014
Reviewed: February 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.

After completing this course, you will be able to:

  • Pinpoint reasons an up-to-date accounts payable policy and procedures manual is needed
  • Demonstrate how an accounts payable policy and procedures manual strengthens controls
  • Show how to create a policy and procedures manual
  • Demonstrate several ways to start creating a manual from scratch
  • Show how to use the manual to address the rush check problem
  • Identify several short cuts to use when creating a policy and procedures manual
  • Delineate the segregation of duties requirements for the accounts payable function for inclusion in the policy and procedures manual
  • Show how computer access levels may circumvent segregation of duties requirements
  • Prepare an action plan to review and update an old policy and procedures manual
  • Identify often-overlooked changes that will improve accounts payable procedures

Description: Effective policies and procedures in the Accounts Payable function is critical for any organization wishing to reduce or eliminate duplicate payments, prevent and detect fraud, be cost effective and compliant with all regulatory issues affecting the payment function. The first step in that battle is having a current, detailed policy and procedures manual. This course presents information the professional can use to create an effective manual, that not only documents the organizations policies and procedures, can be used as a reference and training guide.
Industry expert Mary Schaeffer shows auditors, controllers, and managers how to create such a manual when none exists. She also includes an outline for a sample policy as well as a checklist they can use to determine if their current policy is best practice or something less.
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Schaeffer

Publication:  January 2014
Reviewed: February 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.

After completing this course, you will be able to:

  • Pinpoint reasons an up-to-date accounts payable policy and procedures manual is needed
  • Demonstrate how an accounts payable policy and procedures manual strengthens controls
  • Show how to create a policy and procedures manual
  • Demonstrate several ways to start creating a manual from scratch
  • Show how to use the manual to address the rush check problem
  • Identify several short cuts to use when creating a policy and procedures manual
  • Delineate the segregation of duties requirements for the accounts payable function for inclusion in the policy and procedures manual
  • Show how computer access levels may circumvent segregation of duties requirements
  • Prepare an action plan to review and update an old policy and procedures manual
  • Identify often-overlooked changes that will improve accounts payable procedures
  • “I am extremely impressed with the courses and the reasonable price.” -Janet A. May 2017

    - Janet

  • I wanted to compliment you on the Accounting Fraud – Recent Case Studies (AUCASEMC) course I just took. The ebook was fantastic! Concise, easy to understand, very well structured, and very interesting. Exactly the way I like it. Thank you for putting it together. I feel it took me enough time to be worth 2 CPEs, but it was fantastic nonetheless. Thank you.

    - Mark R.

  • “The author did a good job of setting forth the ethical standards contained in the California State Board of Public Accountancy Rules and the AICPA Code of Conduct.”

    - California Ethics Course