Effectively Managing & Organising Accounts Payable (FI 540)

Cash flow is the lifeblood of organisations. While we cannot always predict the timing and values of cash inflows with absolute certainty, the timing and values of cash outflows is largely within the control of the business. The organisation of the accounts payable function and the management of the accounts payable role are therefore of vital importance to the effective control of working capital and therefore cash flow. This programme will develop your general financial knowledge and awareness and your specific accounts payable expertise by enabling you to:

Appreciate the importance of the accounts payable function with regard to its links with the supply chain and cash flow

Use the appropriate tools and techniques to evaluate suppliers and their financial and operational reliability

Understand the integrated systems of purchase order processing, stock (inventory) control, purchase ledger, and cash payments, and their links with the general ledger

Effectively manage cash and working capital to reduce costs and improve cash flow

Consider the impact of risk and uncertainty on the business and its impact on accounts payable and cash flow

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