PROCURE TO PAY - ACCOUNTS PAYABLES

Learn AP and P2P in a structured manner

Created by : Rated :4.5 623 views

Last Updated: 2023-07-10 10:07:41 English Course Type: Self Learning

Equip you with the most relevant information for Procure to Pay process and answers for interview questions for Accounts payable and procure to pay roles
Prepare you for the next big role in Procure to Pay and Accounts Payable
You will have the competitive advantage over other potential candidates
Considered as a subject matter expert and become a valuable resource in Procure to Pay and accounts payable for any business
Have a fair idea of the best practices in Procure to pay and accounts payable process
You will understand the importance of all critical internal controls and Sox controls in Procure to Pay process and become more control conscious

This course covers the Procure to Pay / Accounts Payable process in a structured manner for every business - 3P MODEL

P1 - Procurement
P2 - Processing
P3 - Payment

~ The concepts are easy to remember and recollect and useful for every business.

~ Best course to learn Procure to pay concepts in less than an Hour.

Online - Videos explaining all the key aspects of procure to pay. Process overview, Vendor management, Procurement, Invoice processing, Documentation, Payment accounting, Controls, Payment modes, Month close reviews etc.
This course has information or questions and answers relevant for all stages of your career - beginner, mid-level or senior levels.

This course is designed in a simple layman language and anyone who doesn't have prior knowledge also can understand the basic concepts and controls in accounts payable, to perform better in your current role and in job interviews as well.
As a Finance leader who has been managing large teams, I am always involved in selecting the right candidates for the roles. This first-hand experience of the questions asked, and answers given during such interviews forms the basis of this course and the downloadable PDF
Over the years, I have seen that the candidates are under prepared or do not provide answers in a confident manner. I felt the need to consolidate all the questions and answers which can act as a guide.
Preparation guarantees performance and this course will be a useful refresher and reference point for any clarifications and for last minute preparation before you attend any accounts payable interviews.
This course can also be used for induction training for Accounts payable team

No prior finance knowledge is required to understand this course.
It is in simple layman language and anyone can make use of this course

Anyone who wants to improve their knowledge in Procure to Pay process - Be it freshers, mid-level or senior level professionals
Anyone who is eager to move to the next level in the Procure to Pay process
Anyone who is preparing for a Procure to Pay job interview

Section 1 : Procure-to-pay - Accounts Payable 26 Lectures 00:57:11
Lecture 1 :
Introduction to Procure to Pay process Preview
Lecture 2 :
Procure to Pay - High level overview
Lecture 3 :
Requirement
Lecture 4 :
Purchase Requisition and Approval
Lecture 5 :
When do you place an Order with Vendor?
Lecture 6 :
Empanel new vendors
Lecture 7 :
Vendor Set-up
Lecture 8 :
Vendor Management
Lecture 9 :
Purchase Order and Approval
Lecture 10 :
Receipt of Goods or Services
Lecture 11 :
Receipt of invoice pack
Lecture 12 :
Input Invoices into System - OCR Scanning
Lecture 13 :
Invoice reviews - Validation
Lecture 14 :
Invoice reviews - Supporting documents
Lecture 15 :
Invoice reviews - Disputes
Lecture 16 :
Invoice Approval
Lecture 17 :
Approved value
Lecture 18 :
Payment Terms
Lecture 19 :
Payment Batch
Lecture 20 :
Bank Approvals
Lecture 21 :
Account Reconciliation
Lecture 22 :
Important schedules to be reviewed
Lecture 23 :
Accounting Entries
Lecture 24 :
Internal Controls - Part 1
Lecture 25 :
Internal controls - Part 2
Lecture 26 :
Travel Expense - High level overview

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SONU THOMAS,

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2 Courses

Sonu Thomas is a Chartered Accountant with 20+ years of Corporate experience in the field of Finance, Accounting, Auditing, Compliance and Operational excellence. He has extensive experience in the field of Accounts Receivables, Accounts Payables, Internal Audit and Controls, SOX Compliance, Cost saving. He aims to help individuals and businesses accomplish their goals by providing them with simple and effective learning solutions. Strongly believes upskilling team members is the key to Organization and individual success stories.