Accounts Payable – Learn the Terminology

Half the battle of learning a task is understanding the terminology and acronyms used.  Even back when we all learned basic math functions, we first had to learn the definitions of Addition, Subtraction, Division, and Multiplication.

That said, to perform Accounts Payable (AP) related tasks, the processors should first learn the words used and their definitions.  This course includes a “Glossary of Terms as Used in the Accounts Payable World” in the Supporting Materials section.

In some cases, when interpreting the intended use of one word or acronym, there may be multiple definitions or a different meaning outside the context of Accounts Payable.  This course supplies more details on critical terminology and examples of how and when the terms may be used.