Self-Study
1
Overview
Accounting
There are no prerequisites.

Course Description

Best practices for the invoice handling function are critical for those organizations concerned about their profitability. Poor practices result in excess costs, duplicate payments, increased processing expenses, fraud, and frayed vendor relationships. This course presents information you can use to identify best practice problems. Industry expert Mary S. Schaeffer explains the invoice issues, then reveals the best practices, almost best practices, and worst practices for each problem facing accounts payable dealing with invoice handling.



Instructor

Mary S. Schaeffer, MBA

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 why she’s become known as America’s leading accounts payable expert.

A wide variety of institutions have taken advantage of her unique expertise: John Wiley & Sons has published over a dozen of her books; CRYSTALLUS, Inc. relies on her know-how to direct its professional publication, training, and consulting business; and the Institute of Financial Operations (IFO) turned to her to serve as its editor-in-chief, steering cutting-edge commentary into its Financial Ops magazine. She also developed the IFO’s Innovating Accounts Payable certificate program.

Mary shares her expertise in a variety of venues, giving 1-day seminars, as a guest speaker at regional and national events, and online in 25–30 webinars each year. For Western CPE, she produces self-study courses and webcasts.

She has a BS in mathematics from York College (CUNY) and an MBA in finance from New York University.



Course Specifics

Accounting
Jan 12, 2017
There are no prerequisites.
SS1153419
24
None


Compliance Information

103220
Qualifies for CA Fraud: 1 CA Fraud


Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify effective invoice receipt practices
  • Cite effective data entry rules for invoice processors
  • Identify best practice invoice handling routines



Table of Contents

Learning Objectives

The Issue: Receipt of Invoices

The Issue: Invoice Handling—Approvals

The Issue: Invoice Data Requirements

The Issue: Verifying Invoice Data

The Issue: Invoice-Coding Standards

The Issue: Short-Paying Invoices

The Issue: Handling Unidentified Invoices

The Issue: Handling Invoices without Invoice Numbers

The Issue: Discrepant Invoices

Concluding Commentary

Review Questions

Review Question Answers and Rationales

Glossary

Index

Qualified Assessment

Answer Sheet

Course Evaluation



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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