Finance and Accounting

Training Course: Accounts Payable: Planning, Organising & Achieving Best Practice


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FI2064

27 - 31 Jan 2025

Amsterdam (Netherlands)

Hotel : Grand Hotel Amrâth Amsterdam

Cost : 5250 € Euro

Introduction

This program provides businesses and other organizations with a strong sense of where they stand against industry leaders and shows them how to take their services and organizational processes to state of the art levels.

Documented strategies and tactics employed by highly admired companies are presented both successful and unsuccessful to illustrate the real-world functionality of each process and approach.

By attending this event, delegates will understand:

  • The importance of the accounts payable function with regard to its links with the supply chain and cash flow

  • The integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger

  • How to effectively manage cash and working capital to reduce costs and improve cash flow

  • The impact of risk and uncertainty on the business and its impact on accounts payable and cash flow

  • How leading companies from across the globe are achieving best practice in Accounts Payable

 Target audience

This program provides a user-friendly environment to develop the knowledge and techniques related to accounts payable that are valuable for:

  • Finance Executives and Professionals

  • Accountants

  • Accounts Payable Managers

  • Accounts Payable Supervisors

  • Accounts Payable Personnel

  • Others who are working within the accounts payable process or who wish to develop a practical toolkit to complement their existing professional or technical skills

Objectives

This program aims to enable participants to achieve the following objectives: 

  • Work effectively with the fundamentals of accounts payable, financial accounting and the supply chain

  • Understand and apply the fundamentals of accounts payable systems

  • Review and comment on payment methods and cash management

  • Analyze the need to incorporate risk and uncertainty into accounts payable analysis

  • Identify best practice across all industries

Methodology

The program will provide the theoretical background and techniques that underpin the organization and management of accounts payable and its related functions. It will provide a real-world practical context by incorporating worked examples and case studies that delegates will see how theory applies in practice and can discuss the various issues raised.

Outline

DAY 1

Accounts Payable, Financial Accounting and the Supply Chain

  • Accounting and financial information: Accounts Payable in context

  • Sources of finance

  • The supply chain

  • Financial position and financial performance

  • Cash flow and Working Capital

  • Why is cash flow so important?

DAY 2

Achieving World-Class in Accounts Payable Processes

  • Defining Best Practice in AP

  • Moving beyond P2P

  • Managing Risk

  • Principles of Best Practice

  • End to End AP Process

  • Defining the issues in Accounts Payable

DAY 3

Improving Invoice Processing and Operational Management

  • Invoice Handling and Approval Processes

  • Verifying invoice data

  • Paying “low value” items

  • How to avoid duplicate payments

  • Making the best use of staff time: limiting telephone calls to AP

  • Does Petty cash management belong in Accounts Payable?

DAY 4

Harnessing Technology in Accounts Payable Processes

  • Master Vendor File Management – getting it right from the start

  • Travel & Entertainment

  • Policy management

  • Cash advances and employee reimbursement

  • Process improvement through imaging and workflow

  • Using the internet for AP effectiveness

DAY 5

Making the Payments and Maintaining the Relationships

  • Communications & Customer Relations

  • Payments status information for vendors and internal customers

  • Improving Procure to Pay(P2P)Cycle

  • Payments and Payment Solutions: Accounts Payable or Treasury?

The program will conclude with an interactive case study exercise to allow participants an opportunity to apply the learning of the week and define a practical solution.

Finance and Accounting

Training Course: Accounts Payable: Planning, Organising & Achieving Best Practice


Register Now
Quick Inquiry
Discount Group Download Brochure (39)

FI2064

27 - 31 Jan 2025

Amsterdam (Netherlands) - Grand Hotel Amrâth Amsterdam

Hotel : Grand Hotel Amrâth Amsterdam

Cost: 5250 € Euro


  About Amsterdam

Amsterdam, capital of the Netherlands, is a popular destination amongst travelers from all around the world. Once just a little fishing village, Amsterdam is now a major international city after having become an important port during the 1600s. Throughout its history, the city has had many famous residents, including artists, philosophers and other historical figures. There is much to discover along Amsterdam's quaint streets and picturesque canals. So much so that a flight to Amsterdam comes with a guarantee of cultural and historical attractions that will provide memories to last a lifetime. Amsterdam is a hotbed of culture for travelers of all ages and tastes.


  Things to do and places to visit in Amsterdam

From the moment passengers step off their flight to Amsterdam, they will find it a friendly city with a lively atmosphere. Its flat geography means that it is perfect for exploring by bicycle. If you're feeling less active, it the city is also well-served by public transport. The so-called Venice of the North has something for every visitor. Culture vultures have museums, galleries and theaters to see, Families can visit the zoo or the Science Center NEMO.

When visiting Amsterdam, be sure to:

  • See the picture-perfect and colorful houses of the Grachtengordel district.
  • See the iconic works of one of Holland's most famous artists at the Van Gogh Museum.
  • Visit the house where Anne Frank and her family hid from the Nazis.
  • Browse through the extensive collection of fantastic art in the Rijksmusem.
  • Wander through the blaze of colors that is the Singel Flower Market.
  • See the city at a leisurely pace on a canal cruise.
  • Marvel at one of the city's many historic churches.
  • Learn about life aboard a ship at the National Maritime Museum.
  • Discover the Begijnhof's well-preserved medieval architecture.
  • See animals of all kinds, as well as the butterfly pavilion and aquarium, at the Artis Zoo.
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