Accounts Payable guide for every business with 200+ Q&A test

Name: Accounts Payable guide for every business with 200+ Q&A test
Rating: 4.0 (182 reviews)

Procure to Pay - Accounts Payable. Finance Interviews - Practice test - 200+ Question; Answers to test your knowledge

Last updated 10/2023

English

What you'll learn

Prepare you for the next big role in Accounts Payable
You will have the competitive advantage over other potential candidates
Equip you with the most relevant answers for Accounts payable interview questions
Able to perform at your best in atleast 9 out of 10 interviews
Able to perform better in current roles leading to promotion to higher levels
Considered as a subject matter expert and become a valuable resource in accounts payable for any organization
Have a fair idea of the As-Is process and To-Be process for accounts payable
Become more control conscious
BONUS - Downloadable resources - One PDF containing all interview questions and answers
BONUS - Downloadable resources - One PDF comprising of Accounting Journal Entries - A simple compilation

10 sections • 42 lectures • 2h 12m total length

Requirement1:26
Identify and quantify requirements for goods or services, considering current and future needs and vendor lead times. Check against annual budgets and justify overruns before initiating procurement.
Purchase Requisition and Approval1:20
When do you place an Order with Vendor?1:31
Empanel new vendors3:59
Vendor Set-up0:57
Vendor Management1:24
Purchase Order and Approval2:35
Receipt of Goods or Services2:14
Vendor Management5:05
Documents6:39
Procurement6:19

Approved value1:17
Payment Terms1:13
Payment Batch1:14
Bank Approvals1:43
Account Reconciliation1:04
Payment Modes1:12
Discover payment modes in accounts payable—check, EFT, card, and digital payments—with times from same day to several days, and learn how a P-card works and why it’s growing in use.
Payment Accounting6:31
Master payment accounting in accounts payable, including vendor ledger debits and credits, capex vs opex, memos, GST, TDS, and typical journal entries.

Updated in Oct 2023 - New section added

2 Practice Tests with 200+ Questions and Answers to Test your knowledge.

COURSE UPDATED in Dec 2022.

"Equip every team member to perform".

"Learn the process right, first time".

This course covers the Procure to Pay / Accounts Payable process in a structured manner for every business - 3P MODEL

This course offers 2 segments of learning - Online and offline

Online - Videos explaining all the key aspects of procure to pay. Process overview, Vendor management, Procurement, Invoice processing, Documentation, Payment accounting, Controls, Payment modes, Month close reviews etc.
Offline - Downloadable resources -
~ One PDF containing all interview questions and answers including scenario-based questions.
~ Another PDF containing relevant accounting Journal entries

Scenario based questions is the key highlight of this course. I am confident that you will be able to relate to these questions when you attend your next interview and handle the questions exceptionally well in real-life scenarios.
This course has information or questions and answers relevant for all stages of your career - beginner, mid-level or senior levels.
This course is designed in a simple layman language and anyone who doesn't have prior knowledge also can understand the basic concepts and controls in accounts payable, to perform better in your current role and in job interviews as well.
As a Finance leader who has been managing large teams, I am always involved in selecting the right candidates for the roles. This first-hand experience of the questions asked, and answers given during such interviews forms the basis of this course and the downloadable PDF
Over the years, I have seen that the candidates are under prepared or do not provide answers in a confident manner. I felt the need to consolidate all the questions and answers which can act as a guide.
Preparation guarantees performance and this course will be a useful refresher and reference point for any clarifications and for last minute preparation before you attend any accounts payable interviews.
This course can also be used for induction training for Accounts payable team

Anyone who wants to improve their knowledge in accounts payable process - Be it freshers, mid level or senior level professionals
Anyone who is eager to move to the next level in the Accounts Payable process
Anyone who is preparing for a Accounts Payable job interview