Accounts Payable guide for Business (with Q and A) - 5.0

Accounts Payable guide for Business (with Q and A) - 5.0 free download

End to End P2P process overview, Glossary, , FAQs, reconciliations, Fraud scenarios, Practice test questions - 116 Q A

Latest update in   2025

Updated with

Subtitles and captions included in multiple languages based on requests from students. Hope you will make the best use of it.

~ Practice test questions - 116 questions - Section 16

~ P2P explanations for 3 sections - Procurement - Processing - Payment

~ 10 Fraud scenarios - Simple case studies.

~ Updated with 24 examples - Simple but practical Examples - Self-study mode - Self paced learning.

~ Updated with 18 operational scenarios - How to handle the situation?

~ Internal controls

~ Downloadable resources added - Interview Questions and Answers & Accounting entries

<< Keep checking for updates - every few  months.>>

This comprehensive course is designed to equip business professionals with the knowledge and skills necessary to effectively manage accounts payable processes by having a sound understanding of the end to end source to pay process.

This course will offer a good understanding of the accounts payable workflow, best practices, and compliance requirements which includes Sourcing, contracting, procuring, receipting, invoice processing, payment authorization and accounting,

• Definition and importance of Source to Pay - Source to Contract and Procure to Payment (Accounts payables)

• End to end process overview of Source to Pay with more focus on Accounts payable

• Navigate the accounts payable process from invoice receipt to payment reconciliation.

  • Purchase order, Purchase receipting, Invoicing and processing

  • 2 way, 3 way, 4 way match

  • Various aspects of invoice validations

  • Overcome challenges associated with Invoice validations - Invoice discrepancies

  • Payment authorization and execution

  • Month end accruals

  • Reconciliation and vendor management

• Understand the role and importance of accounts payable in business operations.

• Implement best practices for efficient and accurate accounts payable management.

• Understand the importance of Key controls in identifying and prevent common AP risks

• AP operational scenarios - How to handle the situation?

• Fraud Scenarios - 10 Case studies with controls

• A comprehensive glossary of definitions with examples

• Detailed sections of Frequently asked questions for easy understanding, quick preparation for interviews or presentations.

• Simple but useful practical examples