PURCHASE & PAYABLES MANAGEMENT 2018-07-18T14:44:23+00:00

Project Description

Purchase process is the core for any business as inventory flows into the organization from here. Inventory is one of the major investments made by a firm to run its business. As the organisation grows, the process of tracking orders issued, goods receipt, returns, purchase and expenses booking need to be integrated and traceable. Companies expect their accountant to track the order confirmation based on the budgets and approvals. Making payment at right time improves goodwill and also helps to get more discounts and credit from suppliers. This can be achieved through better purchase order processing and payables management in a business.

The course is designed in such a way that you get a thorough understanding and control of the complete cycle from order to payment. The cycle starts with placing purchase orders, goods receipt note, checking/rejecting material, issuing debit note, payment to suppliers and adjusting final balances.

The objective of the course is to ensure that you have full visibility of the tasks and stages in the process, you are able to plan the projected cash outflow and enable the management with data required to take better decisions in managing vendors. Accountants and managers who master this process would be in a position to add more value to their companies and eventually get more authority and faster growth.

Accounting is the core of any business. It is the process that helps the owners and managers understand and evaluate the results of business activities and the state of their business from time to time. Accounting process provides visibility and stability to the business, without proper accounting the businesses would be like the lost ship in the ocean, which is running but unable to identify the outcome and status.

Organisations expect their Financial Controllers (FC) to review the data recorded by the accounts team. They are also involved in the making of various MIS and analytics pertaining to accounting & inventory records for different managers of the organisation. They have to extend  data based support for better decision making for the organisation and ensure development of right controls for the growth and profitability of the company.

  • Graduates wishing to develop career in accounting.
  • Working professionals wanting to enhance their purchase and payables related expertise.
  • Owners and management team of any organization, who wish to increase control over purchase and payables process.

At FAME, we conduct exam after completion of the course and the students are expected to achieve 75% or more score for passing.

Students are required to appear for Online Tests and Offline Examinations at the different stages of the course. Practical Assignments & Projects are given during the course.

Consolidated score with appropriate weight-age to each pattern of testing would be considered for grading in Final Certificate. Successful participants will be awarded Certificate from FAME.

FAME is a Training Institute recognised by KHDA (Knowledge and Human Development Authority – Dubai).

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