Prepare for the Accounts Payable Manager (APM) Certification exam and learn best practices for managing your team now and in the future.
- This course can be taken on either a PC or Mac.
- PC: Windows 8 or later.
- Mac: macOS 10.6 or later.
- Browser: The latest version of Google Chrome or Mozilla Firefox is preferred. Microsoft Edge and Safari are also compatible.
- Adobe Acrobat Reader.
- Software must be installed and fully operational before the course begins.
- Email capabilities and access to a personal email account.
Instructional Material Requirements:
The instructional materials required for this course are included in enrollment and will be available online.
This course will prepare you for the Institute of Finance & Management's (IOFM) Accounts Payable Manager (APM) certification, the gold standard within the financial operations industry. You will gain key AP skills, including leadership, internal controls and oversight, and process improvement.
With the world of financial operations evolving at the speed of technology, certified APMs are in demand. In fact, more than 25,000 of your peers have advanced their careers with IOFM certification. Whether you're new to AP or have been in AP for years, this Accounts Payable Manager course is designed for you.
- Introduction: Accounts Payable Overview
- Leadership Fundamentals
- Management Styles
- Organizational Structure
- Planning and Costing
- Working with Other Departments
- Internal Controls and Oversight
- Why Internal Controls Matter
- Internal Control Framework
- Creating and Enforcing Policies and Procedures
- The Audit Process
- Overseeing the Accounts Payable Process
- Segregation of Duties
- Managing the Process
- Managing the People
- Managing Data Security
- Tax and Regulatory
- Setting and Enforcing Compliance Policies
- Blocked and Denied Parties
- Information Reporting
- Sales and Use Taxes (U.S.)
- Value Added Tax (VAT)
- Escheatment/Unclaimed Property
- Corruption and Bribery
- Financial Reporting
- Vendor Management
- Vendor Master File (VMF)
- Vendor Onboarding/Engagement Program
- Vendor Performance Monitoring
- Travel and Entertainment (T&E)
- T&E Policies and Procedures
- T&E Policy Training and Communicate
- Controlling Expenses/Spend Analysis
- T&E Automation
- Process Improvement
- Process Mapping
- Process Analysis
- Developing a Process Improvement Plan
- Implementing and Monitoring
- Return on Investment (ROI)
- Challenges and Benefits and AP Automation
- Overview of AP Automation Solutions
- Evaluating Software Solutions
- Selection and Implementation
What you will learn
- To make your department cost-efficient, from calculating actual costs to using technology and choosing automation tools.
- To raise the profile of the AP department within your organization by aligning with other stakeholders, including procurement, accounting, tax, treasury, and technology.
- To lead process improvement and organizational change in the AP function.
How you will benefit
- Higher earning power - certified AP professionals earn more than their non-certified peers.
- Sharper skills - certification builds skills - from fundamentals to advanced AP practices.
- More respect - certification places you in an exclusive group of AP professionals whose skills are proven to meet a global standard of excellence.
- A stronger resume -certification demonstrates that you've gone above and beyond to develop your skills and that you meet a rigorous training standard.
Pam Miller, Senior Trainer, IOFM, was the first candidate to earn AP certification as an Accredited Payables Manager (APM) with distinction. Her professional background includes 15 years as Director of AP at BMC Select. She is recognized in the accounts payable industry as an innovator and an early adopter of AP related technologies. Before working in AP, she spent six years in the IT industry, implementing point of sale software.
Judy Bicking, APM, is a Senior Trainer for IOFM and a 27-year veteran of Johnson & Johnson. She is a recognized pioneer and leader in Procure-to-Pay and Credit Management. After a career in AR and AP management, Judy leads the development and implementation of J&J's two Shared Service Centers, located in the U.S and Europe. These shared services handle over 2.5 million invoices across 200 decentralized companies.