Best Practices for Accounts Payable 2020

  • Credits: 13
  • Format: Self-Study eBook
  • Field of Study: Accounting | Auditing
  • Author/ Speaker: Mary Schaeffer

Course ID: Advanced Preparation: Experience Level:
MS-103.20 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© Jan 2020 Basic Understanding of Accountancy eBook | Self-Study


Best practices for the accounts payable function are critical for those organizations concerned about their profitability. For poor practices result in excess cost, duplicate payments, increased processing expenses, fraud, and frayed vendor relationships. And, of course, there is the growing issue of regulatory compliance as the Feds and states look for their fair share.

This course presents information the professional can use to identify best practice problems as well as regulatory concerns.

Industry expert Mary S. Schaeffer explains the issues related to the accounts payable function to auditors, controllers, and managers. She then reveals the best practices for a myriad of these issues as well as identifying almost best practices for those cases where it is not possible to use the best practice and the worst practices which are likely to cause trouble.

Who Should Attend:

  • All Certified Public Accountants (CPAs)

Qualifies and approved with all state boards of accountancy and the following sponsorships: