(Click Category to List Courses)
4 - AAU - Accounting and Financial Auditing
AAU 178 - Accounts Payables (AP) and Accounts Receivable (AR)
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| AAU 178 | 19 August 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 178 | 23 September 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 178 | 27 October 2024 | 5 Days | Muscat | Registration Form Link |
| AAU 178 | 03 November 2024 | 5 Days | Dubai | Registration Form Link |
| AAU 178 | 02 December 2024 | 5 Days | Istanbul | Registration Form Link |
Please contact us for fees
Course Description
Knowing the difference between accounts payable and accounts receivable is vital for small business owners who want to gain a better understanding of their accounting process. Staying on top of your accounts payable and accounts receivable is vital to the health of your business. It's true for small businesses processing a handful of transactions per day and for those handling hundreds. Accounts payable and accounts receivable go beyond tracking cash coming into and out of your business: They help you prevent unexpected expenses that could throw even the best budget off course.
Course Objectives
- Demonstrate proficiency in both manual and automated Accounts Payable (AP) and Accounts Receivable (AR) accounting systems
- Learn the AR & AP cycle
- Learn best practices applicable in both fields
- Learn how to prevent fraud and errors
- Learn multiple methods to increase your turnover and speed up collections
Who Should Attend?
- Accounting managers
- Accounts receivable specialists
- CFO's
- Business owners
- Entrepreneurs
- Anyone interested in implementing accounts receivable best practices
Course Details/Schedule
Day 1
- Definitions of AR & AP
- Kind of accounts that are payable/ receivable
- The difference between ARs & APs
- ARs & APs common features
- AR process automation
- AR days formula
- AR turnover formula
- Managing a credit balance in AR
Day 2
- The key to managing a successful AP department
- How to create AP
- AP process
- Is AP an asset or a liability?
- Days payable outstanding
- Managing your AP process
Day 3
- Technology in AP
- Maintain financial journal systems
- Master vendor files
- Source documents
- Errors and discrepancies
- Enter transactions into journal system
Day 4
- Conduct aged analysis of AR
- AR Doubtful debts policies
- Provision of AR Doubtful debts
- AR reconciliation
Day 5
- Process payments for AP
- Prepare statements for AR
- Follow up outstanding accounts
- Monitor and review credit terms
- Maintain ARs & APs receivable systems
