Master in Procure to Pay
Course Description
Overview
Accounts Payable (Procure to Pay) function on one hand supports the organization by processing timely payments & on other hand plays important role of Controlling- inappropriate, unauthorized or excessive payments.
Hence it not only requires accounting skills but also requires understanding of legal compliances, organizational policies & procedures & reporting requirements.
Who should Attend
Commerce Graduates / PG, MBAs etc who are perusing for career in Accounting & Finance.
Finance & Accounts executives working in the industry at executive or managerial levels seeking career advancement through skills development.
Course Duration – 30Hrs (+20 Hrs Project)
Course Contains
- Process of PR-PO-GRN-Invoice Booking- Payment-Reports
- Type of procurement transactions- Goods, Services, Works, Import, Capital Exp.
- Documents verification & scrutiny before processing.
- Documentation- Payment vouchers, Debit Notes, Credit Notes.
- Accounting entries & procedure.
- Statutory compliances – TDS, GST etc.
- Reporting- Balance confirmation & reconciliation, Creditors aging, Payable reports.
The course will help you:-
- To gain Conceptual understanding as well as Practical insight of Accounts Payable / Procure to Pay function.
- To gain detailed understanding of :-
- Steps involved in the process Accounts Payable /Procure to Pay function.
- Standard operating procedures followed in Accounts Payable /Procure to Pay function.
- Accounting Procedure including Tax compliances to be followed.
- Records & Documentation required in Accounts Payable /Procure to Pay function.
- Frequently required Reports relating to Accounts Payable /Procure to Pay function.
Learning Method
- Self-paced / Online sessions, online Assignments based on real life scenarios.
Certification
- On successful completion, participants will receive a certificate from Acecom Skills Development.
Placements Assistance
- Upload your Resume on – https://jobs.acecomskills.in/ & Get Free benefit of our Job Assistance program.