Internal Controls in Accounts Payable: Step by Step
Duration : 60 Minutes
Well-run accounts payable operations are very cost effective. They don't get this way by cutting corners or taking shortcuts. Generally speaking, these organizations have implemented strong internal controls across the Procure-2-Pay chain. They do this by paying close attention to every last detail. This session was designed to help you achieve the very same results by walking through the process - step by step.
Control problems can creep into the procure-to-pay at almost any point in the process. This session divides the process into three parts: before the invoice shows up, the processing of the invoice and making of the payment, and the after the invoice is paid processes. Most only focus on the middle part missing a number of opportunities to strengthen controls and eliminate the problems that make a dent in the bottom line.
Course Objectives:
• Identify best control practices for the entire procure-to-pay process;
• Evaluate your own processes to identify weak controls that need tightening;
• Fix the questionable controls so fraud and erroneous payments don't sneak through; and
• Introduce practices that are often overlooked but strengthen controls
Course Outline:
• A review of the entire invoice processing and payment process
• Identification of the best control practices
• A review of some practices that lead to poor controls
• A brief explanation of what can go wrong if controls are ignored
• Advice on how to avoid making common internal control mistakes
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Controllers
• Accountants
• Auditors
• Accounting managers
• Accounts payable professionals
• Internal audit
• Management
• HR
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
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