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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: November 1, 2020

1 Review (2 ratings)Reviews

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

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  2:35Introduction to Essentials of Working Capital Management: Accounts Payable & Cash Disbursement
  13:26Essentials of Working Capital Management: Accounts Payable and Cash Disbursement-Part 1
  15:45Essentials of Working Capital Management: Accounts Payable and Cash Disbursement-Part 1 Cont'd
  14:39Essentials of Working Capital Management: Accounts Payable and Cash Disbursement-Part 2
  13:30Essentials of Working Capital Management: Accounts Payable and Cash Disbursement-Part 2 Cont'd
  14:03 Essentials of Working Capital Management: Accounts payable and Cash Disbursements-Part 3
  12:15 Essentials of Working Capital Management: Accounts payable and Cash Disbursements-Part 3 Cont'd
  3:40Problem Areas and Conclusion
CONTINUOUS PLAY
  1:29:53 Essentials of Working Capital Management: Accounts payable and Cash Disbursements
SUPPORTING MATERIAL
  PDFSlides: Essentials of Working Capital Management: Accounts Payable & Cash Disbursements
  PDFEssentials of Working Capital Management: Accounts Payable & Cash Disbursements Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM