Overview

Latest update in 2025 Updated withSubtitles and captions included in multiple languages based on requests from students. Hope you will make the best use of it. ~ Practice test questions - 116 questions - Section 16~ P2P explanations for 3 sections - Procurement - Processing - Payment ~ 10 Fraud scenarios - Simple case studies.~ Updated with 24 examples - Simple but practical Examples - Self-study mode - Self paced learning.~ Updated with 18 operational scenarios - How to handle the situation?~ Internal controls~ Downloadable resources added - Interview Questions and Answers & Accounting entries> This comprehensive course is designed to equip business professionals with the knowledge and skills necessary to effectively manage accounts payable processes by having a sound understanding of the end to end source to pay process. This course will offer a good understanding of the accounts payable workflow, best practices, and compliance requirements which includes Sourcing, contracting, procuring, receipting, invoice processing, payment authorization and accounting, Definition and importance of Source to Pay - Source to Contract and Procure to Payment (Accounts payables) End to end process overview of Source to Pay with more focus on Accounts payableNavigate the accounts payable process from invoice receipt to payment reconciliation.Purchase order, Purchase receipting, Invoicing and processing2 way, 3 way, 4 way matchVarious aspects of invoice validationsOvercome challenges associated with Invoice validations - Invoice discrepancies Payment authorization and executionMonth end accrualsReconciliation and vendor managementUnderstand the role and importance of accounts payable in business operations.Implement best practices for efficient and accurate accounts payable management.Understand the importance of Key controls in identifying and prevent common AP risks AP operational scenarios - How to handle the situation?Fraud Scenarios - 10 Case studies with controlsA comprehensive glossary of definitions with examplesDetailed sections of Frequently asked questions for easy understanding, quick preparation for interviews or presentations.Simple but useful practical examples

Skills

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