Self-Study
Creating an Accounts Payable Policy & Procedures Manual
Create an accounts payable manual that defines internal controls, documents procedures, and serves as a training resource.
$29.00 – $49.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
This comprehensive course, led by industry expert Mary Schaeffer, is designed to empower professionals in creating an effective accounts payable policy and procedures manual. Such a manual is essential for any organization striving for efficiency, fraud prevention, and regulatory compliance. Participants will gain insights into the best practices of drafting a manual that not only documents the organization’s policies and procedures but also serves as an essential training and reference guide. The course covers the critical aspects of what should be included in an accounts payable manual, emphasizing the importance of clear documentation in strengthening internal controls and outlining the segregation of duties within the accounts payable function. Additionally, the course includes a sample policy outline and a checklist to evaluate current practices. This course is invaluable for professionals seeking to enhance their organization’s accounts payable operations and control environment, providing them with the tools and knowledge to develop a robust and comprehensive manual.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify best practices for creating an accounts payable policy and procedures manual;
- Cite how an accounts payable policy and procedures manual strengthens controls;
- List what should and should not be included in the manual; and
- Cite the segregation of duties requirements for the accounts payable function to be included in the policy and procedures manual.
Course Specifics
1133369
October 25, 2022
There are no prerequisites.
None
40
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
