CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Creating an Accounts Payable Policy & Procedures Manual

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
1 Credits: Accounting

Course Description

Effective policies and procedures in the accounts payable function are critical for any organization wishing to eliminate duplicate payments, prevent and detect fraud, improve cost effectiveness, and maintain regulatory compliance. The first step in that battle is having a current, detailed policy and procedures manual. This course will help you create an effective manual that documents the organization’s policies and procedures and 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 and a checklist that can be used to assess current policies and procedures.

Please note that the information covered in this course is also covered in Internal Controls in Accounts Payable, Vendor Issues in Accounts Payable, and Best Practices for Accounts Payable.

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.
  • Cite the segregation of duties requirements for the accounts payable function to be included in the policy and procedures manual.

Course Specifics

Course ID
1133369
Revision Date
August 7, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Mary S. Schaeffer Headshot
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 …

Mary S. Schaeffer, MBA Read More »

Creating an Accounts Payable Policy & Procedures Manual

Expert Instructors
Format
CPE CREDITS
1 Credits: Accounting

$29.00$49.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
1 Credits: Accounting

Course Description

Effective policies and procedures in the accounts payable function are critical for any organization wishing to eliminate duplicate payments, prevent and detect fraud, improve cost effectiveness, and maintain regulatory compliance. The first step in that battle is having a current, detailed policy and procedures manual. This course will help you create an effective manual that documents the organization’s policies and procedures and 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 and a checklist that can be used to assess current policies and procedures.

Please note that the information covered in this course is also covered in Internal Controls in Accounts Payable, Vendor Issues in Accounts Payable, and Best Practices for Accounts Payable.

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.
  • Cite the segregation of duties requirements for the accounts payable function to be included in the policy and procedures manual.

Course Specifics

Course ID
1133369
Revision Date
August 7, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Mary S. Schaeffer Headshot
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 …

Mary S. Schaeffer, MBA Read More »

Creating an Accounts Payable Policy & Procedures Manual

Expert Instructors
Format
CPE CREDITS
1 Credits: Accounting

$29.00$49.00

Clear