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Accounting and finance: Internal Controls in Accounts Payable

Accounting and finance, Compliance ,Financial management


NetZealous LLC

Summary

Price
£140 inc VAT
Or £46.67/mo. for 3 months...
Study method
Online
Duration
1 hour · Self-paced
Access to content
6 months
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
Additional info
  • Tutor is available to students

Overview

Increasingly, Regulators look for evidence that the company reviews its own processes and controls to ensure that, for example:

  • Policies and procedures are actually being followed by operational staff
  • Processes are not "shelfware" (i.e., policy exists but "never comes off the shelf")
  • A strong risk management function has not deteriorated into ineffectiveness
  • There is clear ownership and accountability for compliance throughout the supply chain

Description

Why you should Attend

This webinar will equip attendees with the understanding of the components of Accounts Payable and the internal controls required within the acquisition process.

Areas Covered in the Session

In this webinar we shall cover:

  • Where Accounts Payable Come From
  • General Controls over Acquisitions
  • Processing checks Best Procedure
  • Vendor Allowances
  • Accounts Payable Fraud Red Flags

Who is this course for?

  • Internal Auditors
  • Financial Managers
  • Purchasing and Procurement Managers
  • Operational Managers

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Certificates

Certificate of completion

Digital certificate - Included

Reviews

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.