Accounts Payable Best Practices for Long-Term Resilience

2 Credits: Accounting


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Accounts Payable Best Practices for Long-Term Resilience

Course Level
CPE Credits

2 Credits: Accounting

Course Description

Accounts payable, a critical component of financial management, can be a source of significant inefficiency and financial loss when not properly managed. This course addresses the challenges organizations face, such as duplicate payments, fraud, regulatory non-compliance, and strained supplier relationships. The rapid evolution in fraud tactics, technological advancements, and regulatory changes have further complicated the accounts payable process. This course offers a comprehensive solution to these challenges by outlining updated best practices, particularly in the context of remote working environments highlighted by the COVID crisis. Participants will learn to identify and eliminate ineffective practices, streamline their accounts payable process, and implement fraud-resistant systems. By transforming your accounts payable process, you can protect your organization’s financial health and maintain robust vendor relationships, crucial for long-term success.

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Learning Objectives

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

  • Identify best practices;
  • Weed out worst practices; and
  • Create an efficient, effective and fraud resistant Accounts Payable process.
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Course Specifics

Course ID
Revision Date
January 5, 2023


Advanced Preparation


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

Mary S. Schaeffer Headshot

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 …