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Seminars

Managing the Cash Cycle: Accounts Payable Best Practices

Introduction:

This program will provide a leading edge forum for you to significantly improve your working capital management skills. You will gain a comprehensive range of very practical and highly effective tools and approaches that can be immediately implemented upon your return to work. By attending this course, delegates will understand:

The importance of the accounts payable function with regard to its links with the supply chain and cash flow
The integrated systems of purchase order processing, stock (inventory) control, purchase ledger and cash payments and their links with the general ledger
How to effectively manage cash and working capital to reduce costs and improve cash flow
The impact of risk and uncertainty on the business and its impact on accounts payable and cash flow
How leading companies from across the globe are achieving best practice in accounts payable

Course Objectives:

By the end of this course, delegates will be able to:

Work effectively with the fundamentals of accounts payable
Understand and apply the fundamentals of effective transactional management systems
Review and comment on payment methods and cash management
Understand the need to incorporate risk and uncertainty into transactional processing and cash flow management
Identify best practice across all industries by examining case studies from across the globe

Who Should Attend?

Finance Professionals, Finance Managers, Senior Accountants, Accounting & Budgeting Personnel, Corporate Controllers, Financial Controllers, Treasury Professionals, Chief Accountants, Accounting Managers, Accounting Professionals, Financial Executives, Auditors, Financial Analysts, Bankers, Investment Bankers, Senior Accountants, Banking Professionals, Corporate Business Professionals, all accounting and finance professionals who are currently working, or seeking to work, in the financial planning, analysis, budgeting and forecasting domain within their organizations

Course Outline:

Accounts Payable, Financial Accounting and the Supply Chain

Accounting and financial information: accounts payable in context
Sources of finance
The supply chain
Financial position and financial performance
Cash flow and working capital
Why is cash flow so important?

Achieving World Class in Accounts Payable Processes

Defining best practice in AP
Moving beyond P2P
Managing risk
Principles of best practice
End to end AP process
Defining the issues in accounts payable

Improving Invoice Processing and Operational Management

Invoice handling and approval processes
Verifying invoice data
Paying “low value” items
How to avoid duplicate payments
Making the best use of staff time: limiting telephone calls to AP
Does Petty cash management belong in accounts payable?

Harnessing Technology in Accounts Payable Processes

Master vendor file management – getting it right from the start
Travel & entertainment
Policy management
Cash advances and employee reimbursement
Process improvement through imaging and workflow
Using the internet for AP effectiveness

Making the Payments and Maintaining the Relationships

Communications & customer relations
Payments status information for vendors and internal customers
Improving procure to Pay (P2P) cycle
Payments and payment solutions: accounts payable or treasury?

COURSE LOCATIONS

Code	From	To	City	Fee
AF52	03 Feb 2020	07 Feb 2020	Shanghai	US$ 5500	Book
AF52	13 Apr 2020	17 Apr 2020	Barcelona	US$ 5500	Book
AF52	21 Jun 2020	25 Jun 2020	Dubai	US$ 4200	Book
AF52	17 Aug 2020	21 Aug 2020	Amsterdam	US$ 6000	Book
AF52	05 Oct 2020	09 Oct 2020	Paris	US$ 6000	Book
AF52	28 Dec 2020	01 Jan 2021	Bali	US$ 5500	Book

DUBAI OFFICE

Ittihad Deira Building,
Al Ittihad Rd, Deira
Dubai,
UAE
info@petrogas-training.com

USA OFFICE

642 E14 Street,
10009-13 Manhattan,
New York (NY)
USA
info@petrogas-training.com

EGYPT OFFICE

52 General Kamal Hejab Street,
Suez Bridge,
Cairo,
Egypt
info@petrogas-training.com

COURSE CERTIFICATE

Certificate of Completion will be provided to the candidate(s) who successfully attend and complete the course. Training hours attendance percentage of 75% is required.

TRAINING HOURS

Standard course hours: 8:30 A.M. to 3:30 P.M. Informal discussions: 4:30 P.M. to 5:30 P.M.

TRAINING METHODOLOGY

We use a blend of interactive and hands-on methods, active participation, a variety of instructional techniques, dynamic presentations, individual and group exercises, in depth discussion, DVD’s, role-plays, case studies, examples. All of the information, competencies, knowledge and skills acquired within our training programs, are 100% transferrable to the participants’ workplace.

ASSESSMENT & EVALUATION

Pre-Test and Post-Test Assessment are applied on 5-day and 10-day programs. Also, post course evaluation and candidate’s evaluation are applied to add another level of quality measurement. Candidates’ feedback is highly appreciated to elevate the training service quality.

ORGANIZATIONAL IMPACT

A- Have staff trained in the latest training and development approaches

B- Support nationalization and talent management initiatives

C- Have properly trained and informed people who will be able to add value

D- Gain relevant technical knowledge, skills and competencies

PERSONAL IMPACT

A- Develop job related skills

B- Develop personal skills in subject matter

C- Have a record of your growth and learning results

D- Bring proof of your progress back to your organization

F- Become competent, effective and productive

G- Be more able to make sound decisions

H- Be more effective in day to day work by mastering job-related processes

I- Create and develop competency to perform job well

FREQUENT NOMINATIONS SCHEME

A- 10% discount after 05 candidates’ registration.

B- 15% discount after 10 candidates’ registration.

C- 20% discount after 20 candidates’ registration.

D- 25% discount after 25 candidates’ registration.

E- 30% discount after 30 candidates’ registration

F- Higher discount rates will be offered based on work volume with different clients.

SEVERAL NOMINATIONS ON THE SAME COURSE SCHEME

A- One extra free seat is offered on 4 candidates on the same course and dates.

B- Two extra free seats are offered on 6 candidates on the same course and dates.

C- Three extra free seats are offered on 8 candidates on the same course and dates.

D- Four extra free seats are offered on 10 candidates on the same course and dates.

E- Five extra free seats are offered on 12 candidates on the same course and dates.

REGISTRATION POLICY

Nominations to our public courses are to be processed by the client’s Training and/or HR departments. A refund will be issued back to the client in the event of course cancellation or seat unavailability. A confirmation will be issued to the relevant department official(s).

CANCELLATION POLICY

If a confirmed registration is cancelled less than 5 working days prior to the course start date, a substitute participant may be nominated to attend the same course or a 20% cancellation charge is applied. In case of a no-show, a 100% fee will be charged.

PAYMENT POLICY

Payment is due upon receiving the course confirmation, invoice and/or proforma invoice. However; the fee due can be wire transferred to our bank account directly after course completion. Our bank details are illustrated on the confirmation, invoice and proforma invoice, as well. The above documents can be communicated electronically, i.e., in a soft copy or/and in hard copy based on customer’s request.

COPYRIGHT

© 2017. Material published by PETROGAS shown here is copyrighted. © 2017. 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.