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Accounts Payable: A Dynamic Framework for Strategic CFOs & Controllers

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
3 Credits: Accounting

Course Description

Those running the function must be armed with the latest and most comprehensive business intelligence affecting accounts payable function if they wish it to be as an effective and regulatory compliant operation as possible. There’s no room for error. Even the smallest mistake can mean a hit to the bottom line; open the door for a potentially fraudulent transaction; and/or inaccurate financial statements.

What’s more; fraud has become a huge issue, with new frauds focused directly on those who work in accounts payable doing serious damage. Over the last few years, it has become appallingly apparent that crooks are getting quite adept at targeting organizations and their employees. The amounts of money involved are often quite large and more than a few organizations have lost millions of dollars.

This leads to the last part of this intensive course. What many organizations don’t realize is that there are constructive ways to find cash hidden in your accounts payable processes. We identify a dozen of them that not only add cash to your bottom line, they don’t do so at the expense of your suppliers.

Learning Objectives

Upon completing this course, participants will be able to:

  • Understand the problems that will arise when the accounts payable function is ignored;
  • Pinpoint the issues poor practices create;
  • Implement appropriate internal controls around the accounts payable function;
  • Create a best practice accounts payable process;
  • Identify and eliminate worst practices in the accounts payable function;
  • Identify potential new frauds, including those that emerged during COVID;
  • Take the necessary steps to prevent a crook from succeeding;
  • Educate your staff (and management) about the newest threats;
  • Recognize when information is being requested fraudulently; and
  • Find cash that is hidden in your accounts payable processes.

Course Specifics

Course ID
WC1122318555
Revision Date
December 23, 2022
Prerequisites

None

Advanced Preparation

None

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)

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 »

Accounts Payable: A Dynamic Framework for Strategic CFOs & Controllers

Expert Instructors
CPE CREDITS
3 Credits: Accounting

$147.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 3 hours in length so you must start it before 05:00 pm ET.
Start within 6 hour(s) and 09 minutes to watch today.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
3 Credits: Accounting

Course Description

Those running the function must be armed with the latest and most comprehensive business intelligence affecting accounts payable function if they wish it to be as an effective and regulatory compliant operation as possible. There’s no room for error. Even the smallest mistake can mean a hit to the bottom line; open the door for a potentially fraudulent transaction; and/or inaccurate financial statements.

What’s more; fraud has become a huge issue, with new frauds focused directly on those who work in accounts payable doing serious damage. Over the last few years, it has become appallingly apparent that crooks are getting quite adept at targeting organizations and their employees. The amounts of money involved are often quite large and more than a few organizations have lost millions of dollars.

This leads to the last part of this intensive course. What many organizations don’t realize is that there are constructive ways to find cash hidden in your accounts payable processes. We identify a dozen of them that not only add cash to your bottom line, they don’t do so at the expense of your suppliers.

Learning Objectives

Upon completing this course, participants will be able to:

  • Understand the problems that will arise when the accounts payable function is ignored;
  • Pinpoint the issues poor practices create;
  • Implement appropriate internal controls around the accounts payable function;
  • Create a best practice accounts payable process;
  • Identify and eliminate worst practices in the accounts payable function;
  • Identify potential new frauds, including those that emerged during COVID;
  • Take the necessary steps to prevent a crook from succeeding;
  • Educate your staff (and management) about the newest threats;
  • Recognize when information is being requested fraudulently; and
  • Find cash that is hidden in your accounts payable processes.

Course Specifics

Course ID
WC1122318555
Revision Date
December 23, 2022
Prerequisites

None

Advanced Preparation

None

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)

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 »

Accounts Payable: A Dynamic Framework for Strategic CFOs & Controllers

Expert Instructors
CPE CREDITS
3 Credits: Accounting

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
This webcast is 3 hours in length so you must start it before 05:00 pm ET.
Start within 6 hour(s) and 09 minutes to watch today.

$147.00