2 - 6 Jun 2025
Kuala Lumpur (Malaysia)
Hotel : Royale Chulan Kuala Lumpur
Cost : 5250 € Euro
This training program will discuss how to handle process checks, and invoices, conduct annual audits, prevent errors and use technology in the department. participants will get to learn the best practices to adopt in their AP department and the procedure to develop their department into an effective business partner.
By the end of the course, participants will be able to:
Identify the function of accounts payable and its role in organizations
Use accounting principles related to accounts payable
Describe how to take a successful lead in the management of accounts payable
Assess AP operations and processes and recommend improvements using the latest best practices
Evaluate the main issues affecting AP staff in order to increase their efficiency and productivity
Apply tools and techniques in Microsoft Excel to effectively manage and monitor AP performance
This From Accounting to Management (Accounts Payable) training program is intended to:
This course demonstrates theoretical and practical core topics in addition to introducing Excel to managing accounts payable. The course also features role-playing and presentations by participants.
Day 1
The important role of AP
The meaning of managing accounts payable
The functions of management
The big picture: accounts payable and the financial health of organizations
The functions of the accounts payable department and the role of AP staff
Accounts payable impact on working capital and cash management
Day 2
Accounting essentials for accounts payable
Accounts payable terminologies
General ledger and sub-ledger
Preparing for month-end close and accruals
Accounts payable processes and best practices
Invoice handling and routing
The three-way matching
Methods of payment processing
Maintaining the vendor master file
Travel and Entertainment (T&E)
Procurement Cards (P-Cards)
Electronic payment options
Day 3
Key topics in accounts payable management
Operational analysis and benchmarking
Continuous process improvement
Developing performance metrics
Applying best practices in your organization
Identifying proper internal controls
The annual audit as an added-value
Impact of AP outsourcing
Detecting fraud in accounts payable
Disaster recovery planning
Day 4
The behavioural side of managing accounts payable department
Improving the image of the AP department
Ways to motivate AP staff
Organizing the AP department
Closing the communication gap
Dealing with internal and external disputes
Importance of internal customer service
Providing customer service to vendors
Accounts payable department as a real business partner
When should we pay our suppliers
Understanding cost of funds
Evaluating early payment discount
Pros and cons of early or late payments
Relationship with the treasury department
Day 5
Using Microsoft Excel in managing accounts payable
The interface between the accounts payable system and Excel
Using pivot tables to extract valuable information
Preparing and analyzing accounts payable aging
Accounts payable role in improving suppliers commercial terms