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Validity : 14th Apr'24 to 24th Apr'24
Accounts Payables Internal Controls Best Practices
- Why target Accounts Payables? It is the core of all other administrative processes
- The institutional framework of Accounts Payables
- Comparison of manual steps/functions to electronic paperless processes
- Internal Control foundation and core principles
- Best accounts payables processing practices in a paperless environment
- Best Practices for interactions and interfaces with other relevant activities
- The use of technology as an enabler to accounts payables best practices
- Some organizational and functional awareness best practices
- Summary view of paperless accounts payables environment vs. manual environment
Overview of the webinar
Examines internal controls in a paperless account’s payable environment. Focuses on foundation & core principles, best processing practices, and using technology as an enabler.
- The overall philosophy is an ounce of prevention is worth a pound of cure
- Accounts Payables is the core company process that touches all others
- Conversion of Accounts Payables steps & functions to processes will reduce engagement time and thus improve profits
- Paperless environments exist in all quarters and must understand and employed in processes like accounts payables
- Organizational and functional awareness provide key best practices in a paperless environment
Who should attend?
- Accounts Payables Personal i.e Specialist
- Supervisors
- Managers
- Accounting Managers
- Controllers
- CFO's
- Internal Auditors
- Accounting personnel
- Cash Control & Treasury personnel
Why should you attend?
- Change from paper to paperless and fear of loss of process control
- Inherent resistance to change
- Ability to verify & reconcile data in a paperless environment due to lack of paper trail
- The learning curve of new paperless processes
- Support at all levels with the new paperless process
- Understand the advantages of a paperless account’s payables environment
- How to convert from paper-driven steps & functions to fully automated paperless processes
- Reduce time of engagement in processes to improve profits & productivity
Faculty - Mr.Carl Young
Carl Young is an Author, Speaker, Trainer, Consultant & Coach. He holds an MBA and completed graduate studies in Accounting and Taxations. He is a former CFO of a 275M High growth technology-based company. He has over 25 years of senior-level business management experience. He has over 25 years of training experience in finance, accounting and business management. Former CEO of his own small parts manufacturing company. Former Senior Financial Associate of a major consulting firm.
He is a member of the American Society of Corporate Controllers. Member of the Council of Experts of the investment firm Gerson & Lehrman. Member of the Society of Industry Leaders sponsored by Standard & Poors. Member of the National Association of Accountants.
An engaging & entertaining speaker and trainer who draws from his experiences as a former CFO to make relevant teaching points. Sessions are rich in content, lively, full of energy and include lots of audience interaction. He has branded himself Mr Simplicity. His goal is to make finance & accounting relevant to non-financial professionals with tools & techniques that are simple to understand and apply.
Credits
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org