Accounts Payable Manager
The speed at which organizations do business today has amplified the need for qualified accounts payable managers who can streamline financial operations. If you want to advance your career within an accounts payable department, you need to become a certified Accounts Payable Manager (APM). This 100% online training course will prepare you for the APM certification exam in just three months!
The Bureau of Labor statistics estimates an 11% job growth for accounts payable managers. This growth equates to approximately 14,000 job openings per year over the next five years. According to global staffing firm Robert Half, the current median annual salary for Accounts Payable Managers is just under $64,000.
DO YOU NEED A CERTIFICATION TO WORK AS AN ACCOUNTS PAYABLE MANAGER?
While a certification is not required to work as an accounts payable manager, the Accounts Payable Manager Certification from the Institute of Finance and Management (IOFM) is the gold standard of in the AP sector. This certification is highly-recognized and held by more than 25,000 accounts payable professionals the private, public, and non-profit sectors.
WHY SHOULD ACCOUNTS MANAGERS GET CERTIFIED?
Accounts payable managers oversee all payable operations for an organization such as ensuring ledgers maintenance; analyzing and reporting on forecasts; training and mentoring AR and AP clerks; investigating non-payment situations and negotiating resolution terms; and implementing operational improvements. This certification demonstrates that you understand the best practices needed to succeed in this high profile AP role, as well as your commitment to accuracy and compliance.
DOES THIS COURSE PREPARE ME FOR CERTIFICATION?
Yes. This Accounts Payable Manager Certification training course will prepare you for the IOFM’s APM exam. An exam voucher may be provided as part of the course to sit for the exam upon eligibility.
- Be fully prepared to take sit for the Accounts Payable Manager certification exam
- Gain strategies for making your department more cost efficient
- Understand how to implement technology and automation tools effectively
- Align your goals with those of organization stakeholders
- Lead process improvement initiatives within an AP function
There are no specific prerequisites for taking this course. However, to be eligible for the APM certification, you must me the following criteria:
- No degree = 5 years of related work experience
- 2-year degree = 4 years of related work experience
- 4-year degree = 2 years of related work experience
- Advanced degree = 1 year of related work experience
Learn about management styles, organizational structure, planning and costing, metrics, benchmarking, change, and other fundamental job duties that will help you be successful in an accounts payable manager role.
INTERNAL CONTROL FRAMEWORK
Understand how to effectively create and enforce policies and procedures throughout your department as well as the importance of the audit process.
OVERSEEING THE ACCOUNTS PAYABLE PROCESS
Learn to take control and oversee the accounts payable process including the segregation of duties and the management of people, processes, and data security.
TAX AND REGULATION
Learn the ins and outs of taxes and regulation including company policies, privacy, information reporting, corruption and bribery, financial reporting, and more.
Understand how to onboard and engage vendors, monitor vendor performance, and maintain a vendor master file.
TRAVEL AND ENTERTAINMENT
Learn to set, communicate, enforce, audit, and control travel and entertainment policies and procedures as well as perform spend analyses and instill automation in processes.
Understand how to develop metrics, create process maps, perform process analysis, and develop, roll out, and monitor process improvement plans.
Learn to calculate ROI on various forms of technology related to A/P as you understand the benefits of automation, proper evaluation of software, and how to implement solutions.
Pam Miller, Senior Trainer, IOFM, was the first candidate to earn AP certification as an Accredited Payables Manager (APM) with distinction. Her professional background includes 15 years as Director of AP at BMC Select. She is recognized in the accounts payable industry as an innovator and an early adopter of AP related technologies. Before working in AP, she spent six years in the IT industry, implementing point of sale software.
Judy Bicking, APM, is a Senior Trainer for IOFM and a 27-year veteran of Johnson & Johnson. She is a recognized pioneer and leader in Procure-to-Pay and Credit Management. After a career in AR and AP management, Judy leads the development and implementation of J&J’s two Shared Service Centers, located in the U.S and Europe. These shared services handle over 2.5 million invoices across 200 decentralized companies.
Registration and Enrollment
This course is a self-paced course that can be completed 100% online. Open enrollment means that you can start anytime.