Accounts Payable & Receivable Certification

Module 1: Introduction to Accounts Payable & Receivable

• Financial accounting overview
• Role of AP & AR
• Business transaction lifecycle
• Financial documentation
• AP vs AR
• Business processes

Module 2: Accounts Payable Fundamentals

• Vendor management
• Purchase transactions
• Invoice verification
• Payment obligations
• AP workflow
• Documentation standards

Module 3: Accounts Receivable Fundamentals

• Customer accounts
• Sales transactions
• Credit sales
• Receivable management
• Collection process
• Customer records

Module 4: Invoice Processing

• Purchase invoices
• Sales invoices
• Invoice validation
• Invoice approvals
• Payment terms
• Document management

Module 5: Vendor Management

• Vendor onboarding
• Supplier records
• Vendor communication
• Payment scheduling
• Vendor reconciliation
• Relationship management

Module 6: Customer Account Management

• Customer records
• Credit management
• Payment follow-up
• Customer statements
• Collection tracking
• Account maintenance

Module 7: Payment Processing

• Payment methods
• Payment scheduling
• Electronic payments
• Bank transactions
• Payment approvals
• Payment controls

Module 8: Receivables Collection

• Collection strategies
• Outstanding invoices
• Aging analysis
• Follow-up communication
• Dispute resolution
• Recovery planning

Module 9: Bank Reconciliation

• Bank statement review
• Transaction matching
• Reconciliation process
• Error identification
• Adjustments
• Reporting

Module 10: Cash Flow Management

• Cash inflows
• Cash outflows
• Working capital
• Liquidity management
• Cash forecasting
• Financial planning

Module 11: Financial Reporting

• AP reports
• AR reports
• Aging reports
• Outstanding balances
• Financial summaries
• Management reporting

Module 12: Internal Controls

• Financial controls
• Approval workflows
• Fraud prevention
• Documentation standards
• Audit readiness
• Risk management

Module 13: Digital Accounting Tools

• Accounting software overview
• Digital invoicing
• Payment tracking
• Financial dashboards
• Automation basics
• Data management

Module 14: AP & AR Process Improvement

• Workflow optimization
• Process efficiency
• Error reduction
• Productivity enhancement
• Best practices
• Continuous improvement

Module 15: Capstone Accounts Management Project

• AP & AR workflow analysis
• Invoice processing exercise
• Reconciliation practice
• Cash flow review
• Financial reporting
• Project presentation