Whether you want to improve your career prospects, pursue a career in the accounting industry, manage your own business’s invoices or start a bookkeeping business – this course delivers.
The Certificate of Accounts Payable and Receivable is an online professional development program that will provide you with the skills and knowledge required to maintain accounts payable and accounts receivable records, including processing payments to creditors and handling overdue accounts receivable.
On completion of this online accounts payable course, you will feel confident to manage the entire accounts payable and receivable process to meet legislative and organisational requirements.
Course Structure
Unit 1 - Process accounts payable and receivable
- Check accuracy
- Document details
- Errors and discrepancies
- Manual journal system
- Cash transactions
- Cash receipts journal
- Chart of accounts
- Accounting equations
- GST and GST calculations
- Cash and accrual system
- Policies and procedures
- Legislation requirements
- Total credit journals
- Cash journals
- Bank reconciliations
- Manual journal
- Identify discrepancies
- Preparing reconciliation reports
- Accounts payable and receivable systems
- Accrual accounting
- Trading account
- Preparing schedules
- Creditor’s ledger
- Process payments
- Reconciling accounts payable
- Accuracy of information
- Discrepancies and errors
- Prepare statements
- Check statements
- Preparing a statement
- Overdue amounts
- Rectify discrepancies
- Follow up outstanding accounts
- Accounts receivable ledger system
- Age-analysis of accounts receivable
- Collection procedures
- Debtor’s statement
- Monitor and review credit terms
- Overdue amounts to be paid
- Cash on Delivery (COD)
- Closing customer accounts
Unit 2 - Manage overdue customer accounts
- Default terms
- Doubtful or bad debts
- Overdue account reporting
- Credit procedures
- Internal escalation procedures
- Consumer credit code
- Establish customer contact
- Resolve outstanding payment
- Have detailed facts in front of you
- Collection procedure flowchart
- Telephone technique
- Establish rapport with customer
- Negotiating payments
- Resolving issues
- Consumer credit note
- Contract law
- Advise customer of legal action
- Assess debtor’s response
- Resolution techniques
- Credit policy
- Record details of customer contact
- Monitor customer agreements
- Identify bad debt
- Breaches of agreements
- Debt collection agencies
- Legal action
- Credit listing
- Debt recovery codes
- Escalate / refer outstanding payments
- Product return process
- Limits of delegated authority
Assessment
Assessment Information
When you study with Australian Online Courses, you will be assessed using a competency-based training method.
Competency-based training focuses on the achievement of skills and knowledge against set criteria to meet industry-standard and is not benchmarked against other students’ work.
In this course, the assessment will be comprised of written assignments and exercises, which may include short answer questions, reports, essays, research projects and reflective tasks.
If you do not achieve a competency result on your first attempt, you have two more attempts to pass your assessment. So, you have three attempts in total to obtain a competency result.
In this way, you can complete your course in your own time and at your own pace with the assistance of unlimited tutor support.
Testimonials
Great! So great I enrolled in another course with AOC
J. Walsh, Swanhaven, NSW | Certificate of Accounts Payable and Receivable
It was good and I was happy to work out my own pace around my normal day
M. Simmonds, Seven Hills, NSW | Certificate of Accounts Payable and Receivable
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- No entry requirements;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support;
- Easy to understand course content;
- Twelve (12) months’ access, with extensions available upon application (fees apply);
- Certificate of Attainment/Completion issued for your CV (hard copy provided); and
- Course may be tax deductible; see your tax advisor.
How long will it take to complete this course?
The approximate study hours for this course is 30 hours. Twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
Yes! The cost for printed materials for this course is $50 per unit. Total cost for optional printed materials is: $150.00. Printed materials are optional and not required to complete the course. Everything you need to complete the course is provided online via our e-learning system.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
- Entry-level Accounts Positions
- Office Administrator
- Accounts Payable Clerk
- Accounts Receivable Clerk
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