Accounting Processing Best Practices

Fundamentals of Accounts Payable: Payment Fraud Prevention and Detection

Course Overview:
Payment fraud is an unfortunate fact of life for virtually every organization doing business today. There’s no such thing as too big or too small. Everyone is a target. But that doesn’t mean you have to be a victim. In this course you will learn how to take the proper steps to prevent and detect check, card, and electronic payment fraud. You’ll also learn about some of the risks your organization may not realize it has taken on when it allows employees to use their own tablets and smart phones for company business.

Learning Objectives:


After completing this course, participants should be able to:
  • Determine how to use positive pay correctly
  • Identify ways to minimize and deter p-card fraud
  • Identify misconceptions that deter proper fraud protection
  • Recognize best practices to prevent ACH and wire fraud
  • Identify how to create a policy to deal with the BYOD issue
  • Distinguish between different types of payment fraud
  • Determine procedures to deter, detect, and prevent all types of payment fraud

Content Partner:

SmartPros Ltd.

SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.

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.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Windows or Mac OS


Price (USD)

Standard Rate: $49.90


Course Code : 99SCH15-tx

Release Date : 09/07/2018
Expire Date : 09/07/2020
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Overview
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Accounting Processing Best Practices

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