04784nam 22005894a 450 991014342020332120170809162014.01-119-20195-01-280-64938-097866106493890-470-08603-3(CKB)1000000000354595(EBL)274011(OCoLC)476017721(SSID)ssj0000130165(PQKBManifestationID)12000757(PQKBTitleCode)TC0000130165(PQKBWorkID)10081100(PQKB)10692015(MiAaPQ)EBC274011(EXLCZ)99100000000035459520060518d2007 uy 0engur|n|---|||||txtccrController and CFO's guide to accounts payable[electronic resource] /Mary S. SchaefferHoboken, N.J. Wileyc20071 online resource (258 p.)Includes index.0-471-78589-X Controller and CFO's Guide to Accounts Payable; Contents; Preface; Part I: Core Functions; Chapter 1: Internal Controls in Accounts Payable; IGNORE ACCOUNTS PAYABLE AT YOUR OWN PERIL; THE FRAUD PROBLEM; STATE AUDITING GROUPS; SARBANES-OXLEY IMPACT; A MARRIAGE MADE IN HEAVEN-NOT!; IDEAL ACCOUNTS PAYABLE FUNCTION; "WHEN THE INVOICE ARRIVES"; SEGREGATION OF DUTIES; CONTROL ON PAYMENT TYPES; OTHER PAYMENT TYPE CONTROL ISSUES; OFTEN-OVERLOOKED ISSUE: SPREADSHEETS; SPREADSHEET CONTROL PLAN; POLICY AND PROCEDURES MANUAL; BAD CONTROL PRACTICES; RECOMMENDED MANAGEMENT ACTIONSChapter 2: Invoice HandlingTHREE-WAY MATCH; COMMON INVOICE PROBLEMS AND SOLUTIONS; ALTERNATIVE TO THREE-WAY MATCH: EVALUATED RECEIPT SETTLEMENT; ALTERNATIVE TO THREE-WAY MATCH: NEGATIVE ASSURANCE/ASSUMED RECEIPT; STATEMENTS; PAYING FROM STATEMENTS; A WORD ABOUT CREDITS; GETTING APPROVALS; STAMPING MAIL IN ACCOUNTS PAYABLE; ELECTRONIC INVOICING; BAD PRACTICES; RECOMMENDED MANAGEMENT ACTIONS; Chapter 3: Payment Processing and Alternatives; CHECK STOCK; CHECK STORAGE; CHECK PRINTING; WHO SHOULD PRINT CHECKS; MONITORING CHECK STOCK USED; BETWEEN PRINTING AND MAILING; CHECK SIGNINGDISTRIBUTION OF CHECKSMAILING CHECKS; DIFFICULTIES CAUSED BY CHECKS; WHY RETURNING CHECKS CAN BE A PROBLEM; AN END RUN AROUND THE RETURNING CHECK TO REQUISITION PROBLEM; POSITIVE PAY AND ITS COUSINS; P-CARDS; WIRE TRANSFERS; ACH PAYMENTS; WHAT EVERY COMPANY NEEDS TO KNOW TO AVOID MAKING PAYMENTS TO TERRORISTS; Chapter 4: Exception Processing; CHECK PROBLEMS: EXCEPTION PROCESSING HEADS THE LIST; TYPICAL RUSH CHECK SCENARIO; BACKGROUND ON RUSH CHECKS; WAYS TO MINIMIZE THE NUMBER OF RUSH CHECKS; POSITIVE PAY ISSUE; WHY RETURNING CHECKS CAN BE A PROBLEMNEED CHECKS RETURNED: HERE'S A POLICY YOU CAN USEAUDIT POINT; PETTY CASH BOX; Chapter 5: Duplicate and Erroneous Payments; THE WE-NEVER-MAKE-A-DUPLICATE-PAYMENT MYTH; DUPLICATE-PAYMENT HYPOCRISY; POLICY; IN-HOUSE CHECKING: BEFORE THE PAYMENT IS MADE; IN-HOUSE CHECKING: AFTER THE PAYMENT IS MADE; A WORD ABOUT SOFTWARE; WHY DUPLICATE PAYMENT AUDIT FIRMS ARE NEEDED; HIRING A POSTAUDIT FIRM; SECOND POSTAUDIT; WORD OF CAUTION; OVERALL ACTION PLAN; Chapter 6: Vendors, Vendor Relations, and Master Vendor File; VENDOR RELATIONS; WHAT IS THE MASTER VENDOR FILE?RESPONSIBILITY FOR THE MASTER VENDOR FILEWHO'S IN AND WHO'S NOT?; HANDLING INACTIVE VENDORS; CLEANSING THE MASTER VENDOR FILE; FRAUD THROUGH THE MASTER VENDOR FILE; VENDOR WELCOME LETTER; NEW VENDOR APPLICATIONS; ACCESS TO THE MASTER VENDOR FILE AND MAKING CHANGES; REVIEW OF CHANGES; THE SPOT-CHECK ANNUAL REVIEW; MASTER VENDOR FILE STANDARDS; CODING STANDARDS; COORDINATION WITH INVOICE CODING STANDARDS; VENDOR CALLS INTO ACCOUNTS PAYABLE; IVR/IWR; SEGREGATION OF DUTIES; CONTRACT COMPLIANCE; Chapter 7: Discounts and Deductions; LOST EARLY-PAYMENT DISCOUNTS; THE FIRST PROBLEMANOTHER DIRTY SECRETRefreshingly candid and witty in tone, Controller and CFO's Guide to Accounts Payable is required reading for any professional wanting to understand more about their organization's AP operations. It declares that AP is no longer a back-office function and underscores the reality that proper attention must be paid to this crucial department in order to run a leading edge and competitive company.Accounts payableElectronic books.Accounts payable.657.74658.1526Schaeffer Mary S857109MiAaPQMiAaPQMiAaPQBOOK9910143420203321Controller and CFO's guide to accounts payable2026324UNINA