Managing and Organizing Accounts Payable

Cash flow is the lifeblood of organization. While we cannot always predict the timing and values for cash inflows with absolute certainly, the timely and values of cash outflows is largely within the control of the business. This workshop is developed to teach participants, how to effectively manage cash and working capital to reduce costs, improve cash flow and appreciate the importance of the accounts payable function with other functions.

CONTENTS

*Accounts Payable and Financial Accounting

Sources of Finance

Cashflow and DCF

Capital and Revenue expenditure

Capital expenditure and discounts cash flow (DCF)

*Evaluation of Supplies

Suppliers, Coursess and Prices

Supplier Credit Analysis

Business Ratio Analysis

Value asses Analysis of Financial Statement

*Accounts Payable Systems

Purchase order Processing (POP)

The Acquisition/Payment Process

AP Links with the General Ledger (GL)

*Working Capital and Cash Management

Managing Working Capital

Cash Improvement Techniques

Cash Management and Bank Facility (Line of credit)

Leading versus Borrowing to Buy

*Payment methods and Cash Management

Methods of Payment

Electronic funds Transfer (EFT)

International Payments

*Risk and Uncertainty

Risk Analysis

Risk Management Principles

Types of Risk

The analytical Tools to Manage Risk

FOR WHOM:

Accountants, Auditors, Finance Managers, Accounts Payable Managers, Sales and Marketing Managers Treasurers and other who perform related functions.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.