Accounts Payable

19 Nov, 2024, Remote Online Training - Public

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Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a
Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

 

 

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally
manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the
profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period

 

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom
examination

 

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit
Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd ,
Singapore, Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries
Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam.
Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee
Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) Sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd

 

He is currently providing management consultancy and training specialising in GST, Forecasting, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

 

WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
“I like the way Dr Steven presentation, easy to understand, at least he is not too serious and no tension.” Sim Yen Fong @ Amy Sim, Senior Accounts Officer, Tiara Labuan Hotel Sdn Bhd

 

“What I like most about this AP Program is the Management on invoices and payment voucher, plus to
understand what auditors look for in acquisition & payment cycle. Overall, very good presentation”
Elvymarlia binti Miol, Accounts Assistant, Sabah Tourism Board

 

“Get to know more about AP and creating an AP Strategy” And also learn more about voucher entry &
maintenance entry” Nureuine Qistina Sibil Abdullah, Executive, Labuan FSA

 

“The speaker’s way to engage us into discussion and the speaker additional info that we can apply to our lives.” Asreena Ngadim, Accounts & Admin Executive, CMS Infra Trading SB

 

“I find most useful in case study on Strategy in AP Management. Know more the cost reduction & expenses for saving” Toh May Ing, Account Executive, Harvest Aluminium Extrusions Sdn Bhd

 

“AP efficiency can lower the cost of expenses incurred” Pamela Eva, Account Assistant, Kuching Specialist Hospital SB

Venue Details

Remote Online Training - Public

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Module 1: Objectives Accounts Payable
  • Module 2: How the Accounts Payable Process Works
  • Module 3: Check Invoice Accuracy
  • Module 4: Accounts Payable - Critical Success Factors
  • Module 5: Issues on Account Payable

SPECIAL FEATURE: Participants Will Receive a Set of Practical Templates suitable for all sectors

OVERVIEW
When it comes to time, resources, and money, your AP operation is filled with opportunities for improvement … and this course shows you exactly how to tap into them! You’ll learn how to conserve cash resources while keeping vendors satisfied. You’ll discover dozens of tips for eliminating the typical timewasters that deplete your workday. You’ll explore ways to cut through the complexities of payment cycles, terms, vendor discounts, and more, and you’ll find out how to maximize company resources while minimizing the hassles
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding the Objectives Accounts Payable.
  2. Learning how the Accounts Payable Process `` Works.
  3. Understanding the Invoice Processing Procedure.
  4. Understanding Accounts Payable - Critical Success Factors.
  5. Understanding Issues on Account Payable.
WHO SHOULD ATTEND
Accounts Payable Staff, Business Managers, Finance Executive, Finance Assistant, Senior Controller, Senior Supervisor, Senior Account Clerk & Accounts Assistants  
METHODOLOGY
Case Study & Group Discussion. Real-current problematic Accounts Payable cases will be analysed, and scenario solutions will be discussed within the course.
COURSE CONTENT
9:00

MODULE 1: OBJECTIVES ACCOUNTS PAYABLE

  • To maximize processing efficiency
  • To ensure invoices are processed to agreed terms
  • To ensure payments made only when due and payable
  • To ensure liabilities are fully recorded and distributed correctly
  • To achieve effective balance between extending credit and maintaining good relations with suppliers


10.45

MODULE 2: HOW THE ACCOUNTS PAYABLE PROCESS WORKS

  • Create your chart of accounts
  • Setting up vendor details
  • Examining and entering bill details
  • Review and process payment for any invoices due

 

12.00

MODULE 3: CHECK INVOICE ACCURACY
Objective: Checking invoice accuracy is the most vital step of invoice verification.

  • Confirm the Invoice Date.
  • Confirm the Delivery with the Project Manager.
  • Check the Vendor Information.
  • Mark Invoice Due Date.
  • Schedule the Payment.

 

1:00 Lunch
2:00

MODULE 4: ACCOUNTS PAYABLE - CRITICAL SUCCESS FACTORS

  • Single supplier database
  • Accounts Payable Staff clear roles and responsibilities
  • Payment terms defined and agreed with supplier
  • Effective communication and feedback mechanisms in place to handle queries
  • Establish and maintain good supplier relations
  • Process in place for monitoring the status of invoices and payment schedules
  • Authorization levels and payment terms held on the system
  • Automated workflow to route documents to relevant personnel when problems need to be resolved
  • Forward payment schedule to cashflow management 

 

3:45

MODULE 5: ISSUES ON ACCOUNT PAYABLE

  • Untimely payment due incomplete documents from vendors
  • Received invoices late from vendor/ outlets
  • PO no not stated on the invoice
  • Timely closing of AP/accruals
  • PO issued but invoice never reached AP.
  • Cancellation of PO was never informed to AP, Finance.
  • Changes in price quoted was not informed to AP, Finance
  • Invoices do not issue/received by AP, Finance

 

5:00 End of Course