Accounts Payable
About Accounts Payable
Accounts
payable (AP) refers to an account of an organization’s obligation to pay its creditors or suppliers. It is usually the short-term debt, to
be paid. It is also referred to as AP.
The total accounts payable
(AP) of an organization is listed in the current liabilities section of
its balance sheet. Accounts payable accounts are debts that are to be
cleared within a specific period. Usually, it is the amount a company
owes to its suppliers.
Why are Accounts Payable important?
Accounts
payable or AP is a crucial section in a company's balance sheet. Its
increase indicates more purchases by the company on credit. If it
reduces, it indicates that the company is clearing its outstanding, especially to its suppliers.
Managing accounts payable is
crucial to managing cash flow for the organization. It helps the
organization to be aware of its outstanding and short-term debt to be
paid first.
Who should take the Accounts Payable Exam?
The
Accounts Payable Exam is suitable for accounting and finance
professionals and managers who want to certify and sharpen their
Accounts Payable skills and knowledge.
Students and fresher also gain immensely by taking the Accounts Payable exam.
Accounts Payable Certification Course Outline
1. Accounting Basics
2. Accounting Documents
3. Financial Accounting
4. Accounts Payable