Procure To Pay - A Beginner'S Guide To End-To-End Process

What you'll learn
Equip you with the most relevant information for Procure to Pay process and answers for interview questions
Prepare you for the next big role in Procure to Pay
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 organization
Have a fair idea of the best practices in Procure to pay process
You will understand the importance of all critical internal controls and Sox controls in Procure to Pay process and become more control conscious
Downloadable resources - One PDF containing all interview questions and answers for offline reading
Requirements
No prior finance knowledge is required to understand this course.
It is in simple layman language and anyone can make use of this course
Description
This course covers the Procure to Pay process in a structured manner for every business - 3P MODEL ProcurementProcessingPaymentThis course offers 2 segments of learning - Online and offlineOnline - 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.Offline - Downloadable resources - ~ One PDF containing all interview questions and answers including scenario-based questions. ~ Another PDF containing relevant accounting Journal entries 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 PDFOver 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
Overview
Section 1: INTRODUCTION
Lecture 1 Introduction to Procure to Pay process
Lecture 2 Procure to Pay - High level overview
Section 2: 3P's - PROCUREMENT
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
Section 3: 3P's - PROCESSING
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
Section 4: 3P's - PAYMENT
Lecture 17 Approved value
Lecture 18 Payment Terms
Lecture 19 Payment Batch
Lecture 20 Bank Approvals
Lecture 21 Account Reconciliation
Section 5: MONTH CLOSE REVIEWS
Lecture 22 Important schedules to be reviewed
Section 6: ACCOUNTING ENTRIES
Lecture 23 Accounting Entries
Section 7: INTERNAL CONTROLS
Lecture 24 Internal Controls - Part 1
Lecture 25 Internal controls - Part 2
Section 8: TRAVEL EXPENSE - HIGH LEVEL OVERVIEW
Lecture 26 Travel Expense - High level overview
Section 9: Downloadable Resources
Lecture 27 Interview Questions and Answers
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


Homepage

https://www.udemy.com/course/procure-to-pay-a-beginners-guide-to-end-to-end-process/