Payables Controls

2 Credits: Accounting


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Payables Controls

Course Level
CPE Credits

2 Credits: Accounting

Course Description

A number of controls are needed to ensure that supplier invoices are paid in the correct amounts and at the right times. In the Payables Controls course, we discuss all aspects of the accounts payable process flow, the forms used, and the controls needed to ensure that payables activities are properly conducted. The course also addresses systems of internal control, control principles, types of controls, and several related issues.

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Learning Objectives

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

  • Recognize the characteristics of a system of internal controls.
  • Recall the situations in which it is possible to operate with weak controls.
  • Recognize the best types of controls.
  • Specify how a continuous controls monitoring system functions.
  • Recall how an evaluated receipts system functions.
  • Recall the types of policies and controls used in an accounts payable system.
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Course Specifics

Course ID
Revision Date
March 6, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

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

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …