Preparing for Year End in Accounts Payable is a quick-read book focused on issues encountered in the accounts payable department at year end, with the fiscal year end close being the biggest. Each of the chapters has a few review questions at the end to help reinforce the concepts. Answers to the questions along with an explanation are included. A copy of the articles that appeared in an issue of the Accounts Payable Now & Tomorrow newsletter are also included at the end of the book.

Internal controls are a framework of policies, procedures, analysis and strategies put in place by an organization to prevent fraud, ensure the veracity and reliability of financial and accounting information and to protect the organization's financial assets including - but not limited to - its cash flow.
When it comes to accounts payable, not only do strong internal controls help prevent improper and duplicate payments, they tend to lead to a more efficient procure-to-pay process. Controls are all in the details and this book walks professionals through the discrete tasks comprising...

Both the business world and more specifically, the accounts payable function are going through a massive upheaval. These changes, if not recognized and dealt with appropriately and in a timely manner can have a huge negative impact on any organization's bottom line. Technology has definitely played its part, but there are other not-so-readily recognizable factors that come into play. If not addressed fraud becomes easier to perpetrate, expenses to run the operations skyrocket and there can be trouble with the regulatory authorities. In this groundbreaking work, industry expert Mary Schaeffer...