An Effective Accounts Payable Policy & Procedures Manual (Not Available)

Author: Mary Schaeffer

CPE Credit:  2 hours for CPAs

Effective policies and procedures in the Accounts Payable function is critical for any organization wishing to reduce or eliminate duplicate payments, prevent and detect fraud, be cost effective and compliant with all regulatory issues affecting the payment function. The first step in that battle is having a current, detailed policy and procedures manual.

Designed For
Auditors, Controllers and Managers wanting to create an Accounts Payable policy.

Topics Covered

  • Reasons an up-to-date accounts payable policy and procedures manual is needed
  • How an accounts payable policy and procedures manual strengthens controls
  • How to create a policy and procedures manual
  • Several ways to start creating a manual from scratch
  • How to use the manual to address the rush check problem
  • Several short cuts to use when creating a policy and procedures manual
  • The segregation of duties requirements for the accounts payable function for inclusion in the policy and procedures manual
  • How computer access levels may circumvent segregation of duties requirements
  • An action plan to review and update an old policy and procedures manual
  • Often-overlooked changes that will improve accounts payable procedures

Learning Objectives

  • Present information the professional can use to create an effective manual, that not only documents the organizations policies and procedures, can be used as a reference and training guide.
  • Show auditors, controllers, and managers how to create such a manual when none exists.


Downloadable PDF

Instructional Method

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites

Advance Preparation

View More Self-Study Courses