PURCHASE & PAYABLES MANAGEMENT

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.

  • 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).

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.

  • 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).