Accounting Processing Best Practices

31 Commonly-Used Worst Practices in Accounts Payable and Better Alternatives

Course Overview:
Accounts Payable Departments today are still employing a number of questionable practices. In fact, noted accounts payable expert Mary Schaeffer has documented 177 worst practices. In this course, she describes in detail 31 of the commonly-used worst practices in accounts payable, explaining why she considers them worst practices. She breaks the worst practices into "sins of commission" and "sins of omission." In addition, she offers better alternative practices for organizations to utilize.

Learning Objectives:

After completing this course, the course participant should be able to:

  • Recognize why worst practices in AP matter.
  • Identify AP sins of commission.
  • List AP sins of omission.
  • Develop travel and entertainment best practices.

  • Prerequisites/Advanced Preparation:


    Speaker / Author:

    Mary S. Schaeffer is editorial director of CRYSTALLUS, Inc., which publishes the Accounts Payable Now & Tomorrow newsletter and the e-zine e-AP news. After working in the finance and treasury departments of several large companies for 15 years, she turned to writing and consulting full time. She is the author of 17 business books, including 101 Best Practices for Accounts Payable, is a nationally recognized accounts payable expert and consultant and a frequent speaker at seminars, conferences and online events. She is the creator of the Institute of Financial Operations Accounts Payable Innovation Certificate program and several self-study courses for CPAs. Mary Schaeffer has a B.S. in Math from York College and a M.B.A. in Finance from New York University. She is a member of the Authors Guild and the New York Financial Writers' Association.


    Price (USD)

    Standard: $49.90


    Course Code : 99SCH03

    Release Date : 11/08/2013
    Expire Date : 10/31/2022
    Credits :
    CPE 2.00
    QAS 2.00

    Course Level : Basic
    Course Type : New Standards
    Passing Grade : 70%
    Field Of Study : Accounting
    Theme : Accounting Processing Best Practices

    Format Type : eLearning
    Mobile Compatible
    Length : 1hr 40min

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