Accounts Payable certification – a commitment to AP perfection
Accounting professionals play a key role in most companies by keeping financial records and providing assistance concerning financial operations. In smaller businesses, they might have to handle a wide range of duties, including bookkeeping, payroll and accounts payable and receivable. In larger corporations, on the other hand, they are most likely to be assigned a specific role in the financial team. The Accounts Payable (AP) could be such a task, and it is a job common to most organisations, regardless of their size and sector of activity. This is owed to the fact that every business needs an accounts payable clerk to manage its financial operations and records.
In this article we will have a closer insight to the matter of accounts payable, see what are the duties of a professional in this field and why should you get certified if you are committed to this job. As suggested by the name, accounts payable refers to the money owed by a company for the purchase of goods and services. Therefore, the accounts payable is treated as a liability and appears in the balance sheet as such. You should know that a particular sale turns into an account payable after an invoice is being vouched for payment. Depending on the type of payables, the AP clerk has the duty to record it.
If the company purchases tangible goods and services they will be recorded in inventory. On the other hand, if we are dealing with expense payables such as office supplies, utilities or advertising they must be recorded accordingly. In short terms, the main responsibility of an accounts payable specialist is to manage the bills and invoices that need to be paid by the company for a variety of purposes. Other assignments of this job can include keeping and modifying records of expenses, responding to invoices received from vendors, ensuring that all payments are made when due and resolving payment disputes in the company’s name.
For achieving these goals, such a specialist must coordinate his work with other departments’ accountants to provide the company with useful informations. For instance, he must work closely with the Accounts Receivable clerk, because the company is also expecting to collect money from the sell of its products and services. The Accounts Receivable specialist will provide the Accounts Payable specialist informations on the time availability and the amount of usable income, thus helping the latter to schedule and make payments in the name of the company.
Accounts Payable certification Test
If you want to be successful in this job you need to know what you are doing, so you should always be up-to-date with the latest technologies to assist you in performing your tasks and with all the recent regulations issued in the field. This is why in the light of the famous accounting scandals that occurred in recent years there has been an increasing demand for certification in the accounts payable field. AP professionals are expected to comply with all the rules stated by the regulatory authorities in this field, including the Sarbanes-Oxley enacted in 2002. There are many reasons why accounts payable workers should try to achieve certification, but the most important is the fact that nowadays certification has become a prerequisite for career advancement.
Having the accreditation conveys an essential message both to your prospective and your current management (if you are already employed): you are commited to knowledge and excellence in your career. Also, employers nowadays seek certified employees that demonstrate to have the competency and skills required to excel in the finance and accounting environment. You can find the potential for employment as an accounts payable specialist in every company, but if you aim to become an AP manager you need to possess the perfect combination of skills, good education, math abilities and fermity yet professionalism with people. Another motivating factor would be that salaries for certified AP specialists are up to 14% higher and salaries for certified AP managers are up to 20% higher than the salaries earned by uncertified professionals.
Online certifications are a great way to showcase your skills and experience in this field, so you should try to take an online accounts payable exam. By doing so, your skills will get acknowledged and you will get the respect you deserve. All you have to do is choose the provider and take the online accounts payable test. You should consider Brainmeasures.com as your most trustable certification-issuing company. So do not hesitate and visit the site to acquire the accounts payable certification that will set you apart and boost your career to the next level.
Sample Hard Copy Certificate
ACCOUNTS PAYABLE CERTIFICATION
Other Related Tests and Certifications
- A/P Journal Entries
- Accrued and Prepaid Expenses
- Deposits and Other Advances
- Recording Transactions
- Sales and Use Tax
- Taxes and Payables
- Travel and Entertainment
multiple choice questions.
Each question has between 2 and 5 options out of which 1 or more may be correct.
Pricing and Payment Options
US payable through any of the following:
Secure online credit/debit card transaction
The fee includes the cost of the hard copy certificate of accomplishment and world-wide
All the information regarding this test has been clearly stated inside the login
account and you must read it properly before starting your test. Good luck !
If you are unable to score minimum percentage required to earn the certification
or you want to improve your percentile, you have an option of test re-take, but
for this you would have to pay test re-take fees. i.e. $5
Welcome to Brainmeasures help desk.