Self-Study Course Details
The year-end tasks in accounts payable are critical to accurate financial statements for any organization. Yet, often, they are a last minute affair, and proper attention is not accorded the tasks. This course is designed to highlight the issues both directly related to the year-end close and present information the professional can use to implement a smoother close in accounts payable. Industry expert Mary Schaeffer shows auditors, controllers, and managers where year-end problems are likely to occur, how to prevent those problems moving forward. She also offers some straightforward best-practice advice on how to run the close in accounts payable as smoothly as possible.
- Identify the tasks accounts payable needs to do to help the organization have an effective close
- Pinpoint problem areas in the close before they occur so the difficult issues can be addressed before difficulties occur
- Recognize how to resolve problems caused by discrepant invoices in a timely manner
- Identify how to address the open vendor credit issue in a way that improves the organization’s bottom line
- Understand how to create effective solutions to handle employees who submit expense reports long after their due date
- Identify how to provide a workable approach to dealing with managers who don’t approve subordinates’ expense reports in a timely manner
- Recognize how to create a document that will guide and track the accounts payable team through all its year-end tasks
- Identify which items must be included in year-end accruals completed in accounts payable
- Understand how to develop a best-practice approach to collecting all vendor tax information needed to issue Form 1099s in January
- Learn to build workable solutions to address common Form 1099 problems
- Pinpoint steps any organization can take to ensure a smoother close in accounts payable
- Please see the 'Course Description' for the learning objectives.
Mary S. Schaeffer is the founder of AP Now, a B2B learning and information company focused on creating business intelligence around the accounts payable and payment functions. She has written 18 business books, created a number of CPE self-study courses, customized training and online training events. Schaeffer is a frequent and popular speaker at both online and live events. Previously she held positions as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. She has an MBA in Finance from NYU and a BS in Mathematics from York College (CUNY).
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Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
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