Accounting basics - Accounts Payable/Accounts Receivable

This beginner-friendly course is designed for both accounting and non-accounting students looking to grasp the fundamentals of Accounts Payable (AP) and Accounts Receivable (AR). Gain a solid understanding of these crucial business processes and boost your career prospects!

Here's what you'll learn:

• Master the End-to-End AP Process: Comprehend the complete journey from Procurement to Payment in Accounts Payable.
• Explore AP Career Paths: Discover the typical job requirements and responsibilities of an Accounts Payable (AP) professional.
• Develop AP Skills: Learn how to effectively perform the tasks associated with an Accounts Payable role.
• Boost Job Application Confidence: Gain the knowledge and skills to confidently apply for Accounts Payable jobs on job portals.
• Understand the AR Process: Learn the complete Order to Cash (OTC) cycle in Accounts Receivable.
• Explore AR Career Paths: Discover the typical job requirements and responsibilities of an Accounts Receivable (AR) professional.
• Develop AR Skills: Learn how to effectively perform the tasks associated with an Accounts Receivable role.
• Enhance Job Application Confidence: Gain the knowledge and skills to confidently apply for Accounts Receivable jobs on job portals.

Course Highlights:

• Practical Excel Examples: Visualize and understand both the Accounts Payable and Accounts Receivable processes with clear Excel examples.
• Hands-on Learning: Download Excel files to practice and reinforce your understanding of Procurement to Payment and Order to Cash.

Course Materials:

• Excel File with Illustrations: Downloadable Excel file containing visual aids to clarify the processes.

Course Curriculum:

1. Accounts Payable (AP) & Procurement to Payment: A foundational overview of Accounts Payable.
2. Accounts Payable Process: A detailed breakdown of the steps involved in Accounts Payable.
3. Excel Illustration (AP): Visual representation of the Accounts Payable process using Excel.
4. Downloadable Excel File (AP): Practical Excel file for hands-on practice with Accounts Payable.
5. Vendor Balance Management: Understand and manage the outstanding balances of each vendor.
6. Accounts Receivable (AR) & Order to Cash (OTC): A foundational overview of Accounts Receivable.
7. Accounts Receivable Process: A detailed breakdown of the steps involved in Accounts Receivable.
8. Excel Illustration (AR): Visual representation of the Accounts Receivable process using Excel.
9. Downloadable Excel File (AR): Practical Excel file for hands-on practice with Accounts Receivable.
10. Customer Balance Management: Understand and manage the outstanding balances of each customer.