Accounts payable and receivable is the core of payment and invoicing for any business. The main thing they do is track payments and send out invoices to ensure that they receive payment for the services they provide. It is the backbone of any business, because it ensures that they are receiving the income they are due and makes sure that the company's finances are accurately reported. Accounts payable is the money a company owes its vendors, while accounts receivable is the money that is owed to the company, typically by customers. When one company transacts with another on credit, one will record an entry to accounts payable on their books while the other records an entry to accounts receivable. Accounts receivable is a current asset account that keeps track of money that third parties owe to you. Again, these third parties can be banks, companies, or even people who borrowed money from you. One common example is the amount owed to you for goods sold or services your company provides to generate revenue.
 COURSE OBJECTIVES
• Create a smooth-running receivable and payment system that saves time, money and resources
• Catch discrepancies through an effective system of checks and balances
• Keep clean and flawless records that stand up to close examination
• Maximize the cash resources of your organization
• Use procedures that minimise the risk of employee or customer fraud
• Improve the efficiency of collections
• Increase the consistency of the collection process
• Enable to identify problem customers
• Better accounts receivable reporting
 WHO SHOULD ATTEND
Finance Executives, Accounts Payable Manager/ Supervisor/ Executives and anyone working within the accounts payable process
Interactive lectures, group discussions, practical exercises and case studies
 DATE, TIME & FEE
DATE: 5 - 6 July 2021 (Mon - Tue)
TIME: 9.00am - 5.00pm
MODE: Online/ Interactive
[HRDF CLAIMABLE | SBL KHAS]
- Early Bird Offer (before 16 Jun 2021) - RM 1,060
- Special Offer (before 30 Jun 2021) - RM 1,130
- Normal Fee - RM 1,200
>> Fee includes Course Notes, Certificate of Completion and 6% Service Tax.
** OFFER **
- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.
 COURSE FEATURES
 The Four Primary Components that Make Up the AR function
• The difference between policies and procedures
• The internal and external relationships
• The pros and cons of centralization and decentralization
• Ideal AR candidate qualifications
 The Function and Four Elements of Credit
• Credit application vs. credit agreement
• The types of business entities
• The purpose and sources of credit information
• The types of credit analysis
 Secured vs. Unsecured Credit
• The types of financial analysis
• The differences between a credit line and a credit limit
• The methods used to identify risk
• The methods used to minimize risk
• The methods used to determine the amount of risk to take
 The Function of Collections
• When to begin collecting
• The methods of collecting
• Who to contact for payment
 The Function of Cash Application
• Sources of payments
• Payment processing
• Batching and posting remittances
• Unidentified remittances
• Post-dated cheques
 Accounts Payable
• Accounting and financial information: Accounts Payable in context
• Sources of finance
• The supply chain
• Financial position and financial performance
• Cash flow and Working Capital
• Why is cash flow so important?
 Achieving World Class in Accounts Payable Processes
• Defining Best Practice in AP
• Principles of Best Practice
• End to End AP Process
• Defining the issues in Accounts Payable
 Improving Invoice Processing and Operational Management
• Invoice Handling and Approval Processes
• Verifying invoice data
• Paying “low value” items
• How to avoid duplicate payments
• Making the best use of staff time: limiting telephone calls to AP
• Does Petty cash management belong in Accounts Payable?
 Harnessing Technology in Accounts Payable Processes
• Master Vendor File Management – getting it right from the start
• Travel & Entertainment
• Policy management
• Cash advances and employee reimbursement
• Process improvement through imaging and workflow
• Using the internet for AP effectiveness
 Making the Payments and Maintaining the Relationships
• Communications & Customer Relations
• Payments status information for vendors and internal customers
• Improving Procure to Pay (P2P) Cycle
• Payments and Payment Solutions: Accounts Payable or Treasury?
The course will conclude with an interactive case study exercise to allow participants an opportunity to apply the learning
 SPEAKER PROFILE
C.A. (M), FCCA, FFA
Tharmaseelan C.A (M), F.C.C.A, MIAE has vast experience in the field of Accounting, Taxation, Internal Control Systems and Finance for almost 15 year in an international accounting firm and local consultancy firms.
His career spanned across wide working experience and exposure in Accounting, Taxation, implementing Internal Control Systems and Finance in consultancy firms, a leading hotel in Langkawi and in a leading hotel training college. He has also developed Business, Accountancy and IT Programs with various colleges, and these programs are validated by foreign universities and professional Bodies.
He was attached to a medium size audit firm as a Senior Audit Assistant before he moved over to an established international tax company where he held the position as a Tax Senior. He then joined an established professional firm as the Tax Manager where he oversaw the computation, submission and resolving tax issues for clients.
His tenure with an established Consultancy as a Senior Consultant gave him the opportunity to designed internal control systems & implemented it. He also advised his clients on compliance with accounting standards and tax regulations. His last position prior to going into practise was as the Associate Director of The Business School where he was responsible for restructuring the Busines School and identifying suitable courses and obtaining accreditation from various bodies and universities.
He is currently in practice offering his expertise and knowledge to corporate and professional clients, locally and worldwide. His specializations are in designing and setting up of Accounting, Taxation, Finance, Internal Control and Operational Systems as well as in performing Operational Audits. His well-esteemed clients include those in the hospitality, education, manufacturing and service-based industries.
He has trained personnel from numerous private sector companies and the public sector, including MK Land Berhad, KULIM HI TECH Berhad, including, Majlis Bandaraya Shah Alam, Permodalan Nasional Berhad, Institut Jantung Negara, Tradewind Hotel Group, Bintulu Development Authority, Ritz Carlton Hotel, Putrajaya, IOI Resort, Majlis Perbadanan Sibu, Lembaga Urusan Tabung Haji, Tenaga Cable Industries, Yeo Hiap Seng, Kobe Precision, Eon Finance, International Islamic University, Petroliam Nasional Bhd, Progressive Insurance Bhd, Subang Jaya Medical Centre, The MINT Hotel, KLIA Pan Pacific Hotel, Bank Rakyat, Toshiba Electronics, UDA Holdings Bhd, Komag USA, Bank Industri & Teknologi (M) Bhd, PPB Group and TH Plantations to name a few.
As a qualified Accountant, he is actively involved in conducting audit and financial courses. His experience brings him to faraway countries such as Vietnam, Brunei, Nepal, Uganda and Rwanda to train Accounting and Financial Professionals.
He is also a regular training facilitator for
1. Malaysian Institute of Accountants
2. Certified Public Accountants of Australia
3. Malaysian Institute of Management
 ENQUIRY & REGISTRATION
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)
Han (019 - 323 0507)