Accounting  |  Format: Flash

An Effective Accounts Payable Policy and Procedures Manual

Course Overview:
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.

� 2013 � 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, participants should be able to:

  • Identify why an up-to-date accounts payable policy and procedures manual is needed
  • Define how an accounts payable policy and procedures manual strengthens controls
  • Recognize the best way to create a policy and procedures manual
  • Identify how to use a manual to address the rush check problem
  • Identify several short cuts to use when creating a policy and procedures manual
  • Recognize how computer access levels may circumvent segregation of duties requirements
  • Identify a way to update an old policy and procedures manual
    Catalog Number: 99SCH04-tx
    CPE Credits: 2 Registry / 2 QAS
    Author: Mary S. Schaeffer
    Advanced Preparation:
    Course Level: Overview
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Windows or Mac OS
    Release/Expiration Dates: Jun 16, 2014 / Oct 14, 2020