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Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
The year-end tasks in accounts payable are critical to accurate financial statements for any organization. Yet, often, they are a last minute affair, and proper attention is not accorded the tasks. This course is designed to highlight the issues both directly related to the year-end close and present information the professional can use to implement a smoother close in accounts payable. Industry expert Mary Schaeffer shows auditors, controllers, and managers where year-end problems are likely to occur, how to prevent those problems moving forward. She also offers some straightforward best-practice advice on how to run the close in accounts payable as smoothly as possible.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the tasks accounts payable needs to do to help the organization have an effective close
- Pinpoint problem areas in the close before they occur so the difficult issues can be addressed before difficulties occur
- Resolve problems caused by discrepant invoices in a timely manner
- Address the open vendor credit issue in a way that improves the organization’s bottom line
- Create effective solutions to handle employees who submit expense reportslong after their due date
- Provide a workable approach to dealing with managers who don’t approve subordinates’ expense reportsin a timely manner
- Create a document that will guide and track the accounts payable team through all its year-end tasks
- Identify which items must be included in year-end accruals completed in accounts payable
- Develop a best-practice approach to collecting all vendor tax information needed to issue Form 1099s in January
- Build workable solutions to address common Form 1099problems
- Pinpoint steps any organization can take to ensure a smoother close in accounts payable
Course Specifics
SS124397535
September 13, 2024
There are no prerequisites.
None
57
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Mary S. Schaeffer, MBA, has the inimitable ability to find accounts-payable-related solutions that really work—without making a major dent in the bottom line. Armed with a degree in math and a graduate degree in finance, she takes a “roll up your sleeves and dig into the details” approach to finding solutions to those problems that cause migraines for CFOs, controllers, and managers. Fifteen years spent researching and writing about payment issues gives Mary a unique vantage point. Combine that with an almost equal amount of time spent in the corporate trenches of several large finance and treasury departments, and you’ll understand …
QAS Self-Study
