Payables Management (CPE Course)

CPE Credit: 10 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $70

Payables Management - Thumbnail.jpg

Course Description
The accounts payable function represents one of the greatest opportunities for increasing efficiencies within the accounting department. Payables Management shows the accountant how to set up and run the payables function, including many tips for operational improvements. The course goes further, exploring the accounting for payables transactions, record keeping, measurement systems, unclaimed property reporting, cost recovery activities, use taxes, and more. In short, this course provides the accountant with a complete toolkit of solutions for improving the payables function.

Author: Steven Bragg

Course Number: AC1077

Table of Contents

Chapter 1. Overview of Payables
Chapter 2. Invoice Processing
Chapter 3. Types of Payments
Chapter 4. Expense Reimbursement
Chapter 5. Procurement Cards
Chapter 6. Use Taxes
Chapter 7. Finance Issues
Chapter 8. Accounting for Payables
Chapter 9. Closing Payables
Chapter 10. Department Management
Chapter 11. Payables Controls
Chapter 12. Payables Fraud
Chapter 13. Payables Technology
Chapter 14. Payables Record Keeping
Chapter 15. Government Reporting
Chapter 16. Unclaimed Property
Chapter 17. Cost Recovery
Chapter 18. Payables Measurements

Learning Objectives

  • Recognize the types of transaction cycles, as well as the effects of the different organizational structures.

  • Specify the effects of the matching concept and the use of adjustment documents in invoice processing.

  • Identify the types of payments, their advantages, and when they are used.

  • Specify the exclusions from expense reports.

  • Recognize the steps used in the reconciliation of a procurement card statement.

  • Identify the parties involved in remitting sales and use taxes.

  • Identify the concepts under which supply chain financing is offered to suppliers.

  • Specify how accounting software applies information when an invoice is recorded.

  • Specify how accrued expenses are calculated.

  • Identify the types of process improvements, as well as the methods used to improve the layout of a department.

  • Recognize the controls used for invoice processing, recurring payments, expense reports, procurement cards, and petty cash.

  • Identify the types of fraud that can apply to payables.

  • Cite the impacts and features of the different types of payables technology.

  • Identify the fields used in the vendor master file, and the methods used to derive supplier identification numbers.

  • Specify the uses of the Form 1099 copies.

  • Identify the fields used in the Form 1099.

  • Specify the situations in which backup withholding is not required.

  • Recognize the rules under which unclaimed property is sent to the applicable state government.

  • Specify the processes related to unclaimed property.

  • Specify the areas in which cost recovery efforts can yield a significant return.

  • Cite the situations in which certain payables measurements can yield incorrect or skewed results.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Latest Review Date: August 2023

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

CPE-Sponsor-Logo.jpg

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.