Accounting Processing Best Practices

Often-Overlooked Internal Control Breakdowns in ACCTS Payable

Strong internal controls are a good part of the fraud prevention framework any organization creates for the purposes of thwarting crooks. However, there are many places these controls fall down, and often they are in places where you least expect them. This is especially important when it comes to the accounts payable function. For control breakdowns in this area allow crooks easy access to the organization's financial assets. This course takes a look at control breakdowns that are sometimes unintentionally ignored to the peril of the organization not addressing them. The issues evaluated in this course are critical to those who want to run an efficient, fraud-resistant accounts payable function.

© Mary S. Schaeffer, Accounts Payable Now & Tomorrow, and CRYSTALLUS, Inc. ALL RIGHTS RESERVED No portion of this material may be reprinted, reproduced, transmitted, stored in a retrieval system, or otherwise utilized, in any form or by any means, electronic or mechanical, including photocopying or recording, now existing or hereinafter invented, nor may any part of this course be used for teaching without written permission from Mary S. Schaeffer.

Learning Objectives:

After completing this course, the course participant should be able to:
  • Determine the reasons internal controls fail and address them.
  • Identify the control problems in the payment process.
  • Recognize the control problems in the AP process.
  • Point out common control issues around personnel.

  • Prerequisites/Advanced Preparation:


    Speaker / Author:

    Mary S. Sch'ffer 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 Sch'ffer 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: $24.95


    Course Code : 99SCH10-txA

    Release Date : 06/09/2022
    Expire Date : 06/30/2024
    Credits :
    CPE 1.00
    QAS 1.00

    Length : 50min
    Course Level : Overview
    Course Type : QAS Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

    Theme : Accounting Processing Best Practices

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