ACCOUNTS PAYABLE MANAGEMENT How to Prevent Frauds Effectively

ACCOUNTS PAYABLE MANAGEMENT
How to Prevent Frauds Effectively
September, 18th – 20th 2013 – Tentrem Hotel Yogyakarta

Course Objectives

Accounts Payable is the department in the company that has an easy access to the company’s money therefore it’s undeniable that fraud happens in this department. This course is designed to help participants to get a practical guide how to create strategies to deter, prevent, and detect all sorts of accounts payable frauds. Illustrative examples that present and explain concepts to ensure that participants gain a deep understanding regarding the frauds that can happen in the company will be discussed during the course.  
By attending this course, participants are expecting to be able to implement the accounts payable procedures to make fraud so difficult within the company.


Course Content

A.     ACCOUNTS PAYABLE FRAUD IN THE ORGANIZATION
·         Profiles of Fraud
·         Check Fraud
·         Purchasing Card Fraud
·         Electronic Payment Fraud
·         Travel and Entertainment Fraud
·         Petty Cash Fraud
·         Vendor and Invoice Fraud
·         Master Vendor File Fraud
·         Payroll Fraud

B.  HOW TO DETER,PREVENT AND DETECT OF THE FRAUDS
·         Best Practices
·         Monitoring Reports
·         Detection and Prevention

C.  RECOMMENDED POLICIES AND PROCEDURES
·         Funds Management
·         Banking
·         Petty Cash
·         Field Accounts
·         Invoice Processing
·         Manual Payments
·         Employee Expense
·         Employee Receivables

D.  GENERAL DISCUSSION


Training Method

·         Presentations, active participation through group discussions
·         Highly interactive lecture
·         Experiential learning

Target Participants

Accounts Payable Staffs, Accountants, Auditors, Account Assistants, Cost Control Department Staffs, and other Professionals in the company who want to get an additional working knowledge of the frauds to enhance their awareness of potential frauds in performing their tasks.


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