FCA0202 | Excellence in Managing & Organizing Accounts Payable

Start End Duration Venue Fees
05 Jan 2020 16 Jan 2020 2 Weeks Cairo $6,400 Register
03 Feb 2020 14 Feb 2020 2 Weeks Kuala Lumpur $7,300 Register
02 Mar 2020 13 Mar 2020 2 Weeks Istanbul $7,300 Register
05 Apr 2020 16 Apr 2020 2 Weeks Dubai $6,900 Register
03 May 2020 14 May 2020 2 Weeks Abu Dhabi $6,900 Register
01 Jun 2020 12 Jun 2020 2 Weeks Bali $8,000 Register
13 Jul 2020 24 Jul 2020 2 Weeks Singapore $8,000 Register
03 Aug 2020 14 Aug 2020 2 Weeks Beijing $9,000 Register
06 Sep 2020 17 Sep 2020 2 Weeks Sharm Sheikh $6,800 Register
12 Oct 2020 23 Oct 2020 2 Weeks New York $10,000 Register
02 Nov 2020 13 Nov 2020 2 Weeks Johor Bahru $7,300 Register
07 Dec 2020 18 Dec 2020 2 Weeks Bangkok $7,500 Register


PROGRAM'S BACKGROUND


Cash flow is the lifeblood of organizations. 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 organization 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 program 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 

PROGRAM'S OBJECTIVES


This Program’s Attendees Will Be More Able To:

›       Work effectively with the fundamentals of accounts payable, financial accounting, and the supply chain

›       Appreciate the processes and procedures involved in the evaluation of suppliers

›       Understand and apply the fundamentals of accounts payable systems

›       Review and comment on payment methods and cash management

›       Analyze the need to incorporate risk and uncertainty into accounts payable analysis 

PROGRAM'S ATTENDEES


›       Supervisors

›       Team Leaders

›       Managers

›       Senior Managers

›       Directors

›       Vice-Presidents

›       Anyone pursuing and developing a career in accounting, purchasing, warehousing and distribution, or stock control

PROGRAM'S OUTLINE


ACCOUNTS PAYABLE, FINANCIAL ACCOUNTING & THE SUPPLY CHAIN

THE ACCOUNTING ENVIRONMENT

›       Accounting and financial information

›       Accounting terminology

›       Sources of finance

›       The supply chain

›       Financial position and financial performance

›       The structure of the profit and loss account (Statement of Comprehensive Income)

›       What does the Statement of Comprehensive Income tell us about a company?

›       The structure of the balance sheet (Statement of Financial position)

›       What does the Statement of Financial position tell us about a company?

›       Cash flow and DCF

›       Why is cash flow so important?

›       The structure of the statement of cash flows

›       Capital and revenue expenditure

›       Capital expenditure and discounted cash flow

EVALUATION OF SUPPLIERS

SUPPLIERS AND TRADING TERMS

›       Suppliers, products, and prices

›       Supplier choice

›       Terms of trading

›       Supplier credit analysis

›       Business ratio analysis

›       Finding and using data and information

›       Tools and techniques of financial analysis: ratios; trends; common size analysis

›       The use of financial ratios: profitability ratios; efficiency ratios: liquidity ratios; investment ratios; financial ratios; the DuPont system

›       The best performance measure cash or profit?

›       Financial distress

›       Trend analysis

›       Common size (or horizontal) trend analysis of financial statements

›       Vertical trend analysis of financial statements

›       Segmental analysis of financial statements

›       Value added analysis of financial statement

ACCOUNTS PAYABLE SYSTEMS

PURCHASE ORDER PROCESSING (POP)

›       The acquisition payment process

›       Purchase requisition

›       Purchase authorization

›       Purchase order

›       Stock (inventory) control

›       Goods received

›       Returned goods

›       Physical stock control

›       Links with the general ledger

›       Accounts payable

›       Invoice registration

›       Invoice matching

›       Invoice payment

›       AP links with the general ledger

PAYMENT METHODS & CASH MANAGEMENT

METHODS OF PAYMENT

›       The payment process

›       Traditional payment methods

›       Electronic funds transfer

›       International payments

WORKING CAPITAL AND CASH MANAGEMENT

›       Working capital and the working capital requirement

›       Managing working capital

›       Cash improvement techniques

›       Cash management and the bank facility (line of credit)

LEASING VERSUS BORROWING TO BUY

›       Why lease?

›       Operating leases

›       Financial leases

›       Lease evaluation

RISK & UNCERTAINTY

RISK ANALYSIS

›       Analyzing risk: expected values; value of perfect information

›       Risk and uncertainty decision rules

›       Scenario, sensitivity, and break-even analysis techniques

›       Types of risk

RISK MANAGEMENT

›       Risk management principles

›       Talking to your bankers about managing risk

›       The analytical tools to manage risk

›       How to develop the tools for your company

›       How to minimize risk: insurance and hedging 

ADDITIONAL DETAILS




Pioneers is a registered trademark © 2008-2018
Material published by Pioneers shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination; downloading, storing in any medium, transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
P.O. Box 11111,
Ibn Al-Hakam Square, Helmyat El-Zaytoon, Cairo, Egypt
Tel: 002 01117866099 | 01117864455, Email: info@pioneerscenter.com
 

Benefits to Organization

1. The candidates will become competent, effective and productive on their jobs. This training program is useful for:
        · Competency building where existing employee is promoted or planned to be promoted.
        · Technical knowledge, skills and competencies.
        · Needs and expectations of the stakeholders/ customers both internal and external.
        · Opportunities to exceed stakeholder/ customer expectations.
2. Create a pool of trained manpower that can cost-effectively spread the knowledge to large number of employees inside the organization.
3. Our facilitators often act as mentors for your trained employees and thus provide a most effective way to ensure effective competency development and application by your motivated staff.
4. We adopted a one-to-one approach that can provide more room for your employees to work at their own pace and address individual needs more freely.

Benefits to the Individuals

1. The candidates will gain a multi-discipline understanding of the subject matter.
2. Have an individual action plan to take away that will help the candidates make a difference in their organizations. This will add value to the expertise and experience of the candidates’.
3. Be more able to enhance job satisfaction and reduce wasted time and effort.
4. Ensure that the candidates will know and appreciate the strategic imperatives that drive the organization's efforts in their relevant job area.
5. Be more able to align your roles and job requirements with the organization’s mission and vision.
6. Be more able to meet your deadlines and tasks and successfully complete any scorecard in a timely fashion.

Additional Benefits

1. Good & best industry practices.
2. Checklist approach for ease of understanding and practical application.
3. Latest technologies including information technology, quality assurance and methodology.
4. Quality assurance and quality improvement incorporated in each program.
5. One-to-one approach and small groups will lead to learner-centered environment.
6. Experienced and qualified instructors both academically and in practice.
7. Customized programs to meet and suit individual training needs.
8. Letters of recommendation for the exceptional performers.

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