This course continues coverage of the management of working capital – i.e., accounts payable and payment disbursing, the payment process. For this payment process to work effectively takes an efficient system. We  cover aspects of payables review and analysis to identify problem areas, such as organizing for effective disbursements handling and identifying inefficient processing practices.

Coordinated payment processing involves the coordination of the organization’s accounting and treasury functions. History of how payments were made and analysis and evaluation of alternative services, procedures, and cost-benefit of trade discounts can improve payables-disbursement processing. How payments are handled can be applied internationally as well, and specialized techniques such as pooling, netting, and reinvoicing.

Finally, an efficient payment processing system requires an efficient banking system to ensure that funds are handled safely and on a timely basis.

Learning Objectives
  • Discover and define what is involved in this aspect of working capital management.
  • Discover and define how trade credit is used.
  • Explore and evaluate the major payments techniques can be used effectively.
  • Identify and understand how many international techniques work and when they are applicable.
  • Recognize how payables management works to preserve working capital management.
Last updated/reviewed: March 13, 2024
7 Reviews (17 ratings)

Reviews

4
Member's Profile
Course was a good overview of basic working capital management. This is geared more to a cash manager in treasury.

5
Anonymous Author
The course provides information on working capital management (accounts payable and cash disbursement).

2
Anonymous Author
This course was difficult to listen to. The instructor was monotone and hard to understand at times.

5
Anonymous Author
This course was a very interesting and detailed summary of Accounts Payable and Cash Disbursements.

3
Anonymous Author
Very long course - could have been an hour. Examples of the real world were appreciated.

5
Anonymous Author
The explanations of the terminologies are clear & easy to follow in understanding

5
Anonymous Author
Great content on Accounts Payable & Cash Disbursements techniques and approaches

Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course however some familiarity with cash management processes will be helpful.
It is recommended to take other Essentials of Working Capital Management courses of Ken Parkinson. Essentials of Working Capital Management: Trade Credit and Collections

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Essentials of Working Capital Management: Accounts Payable & Cash Disbursement2:35
  Essentials of Working Capital Management: Accounts Payable and Cash Disbursement-Part 113:26
  Essentials of Working Capital Management: Accounts Payable and Cash Disbursement-Part 1 Cont'd15:45
  Essentials of Working Capital Management: Accounts Payable and Cash Disbursement-Part 214:39
  Essentials of Working Capital Management: Accounts Payable and Cash Disbursement-Part 2 Cont'd13:30
  Essentials of Working Capital Management: Accounts payable and Cash Disbursements-Part 314:03
  Essentials of Working Capital Management: Accounts payable and Cash Disbursements-Part 3 Cont'd12:15
  Problem Areas and Conclusion3:40
CONTINUOUS PLAY
  Essentials of Working Capital Management: Accounts payable and Cash Disbursements 1:29:53
SUPPORTING MATERIAL
  Slides: Essentials of Working Capital Management: Accounts Payable & Cash DisbursementsPDF
  Essentials of Working Capital Management: Accounts Payable & Cash Disbursements Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam