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 be able to maintain financial journal systems, prepare bank reconciliations and statements for accounts receivable. You will also feel confident to conduct age-analysis of accounts receivable and manage the entire accounts payable and receivable process to meet legislative and organisational requirements.
Unit 1 - Process accounts payable and receivable
Errors and discrepancies
Manual journal system
Cash receipts journal
Chart of accounts
GST and GST calculations
Cash and accrual system
Policies and procedures
Total credit journals
Preparing reconciliation reports
Accounts payable and receivable systems
Reconciling accounts payable
Accuracy of information
Discrepancies and errors
Preparing a statement
Follow up outstanding accounts
Accounts receivable ledger system
Age-analysis of accounts receivable
Monitor and review credit terms
Overdue amounts to be paid
Cash on Delivery (COD)
Closing customer accounts
Unit 2 - Administer subsidiary accounts and ledgers
Accounts receivable process
The basic rules of accounting
Entering cash transactions
Identify incorrect entries
Verify bad and doubtful debts
Reviewing debtor ledger
Australian consumer law
Plan recovery action
Default of trading terms
Exhausted recovery avenues
Register of invoice disputes
Debt recovery plan
Code of ethics, practice and conduct
Rectify invoice discrepancies
Request payment authorisation
Financial services reform legislation (FSR)
Australian Prudential Regulation Authority (APRA)
Reconcile outstanding balances
Profit and loss statement
Assets and liabilities statement
Outstanding balance statements
Unit 3 - Monitor and control accounts receivable
Collect and record monies
Status of debt
Good credit policy
Types of credit
Developing a credit policy
Accounts receivable reports
Doubtful or bad debts
Ethics – social responsibility
Records and disclosure
Data quality and security
Allocating and recording transactions
Collection and checking
Bad debt account
Maintain customer records
First call resolution (FCR)
Compliance terms and conditions
7 day credit terms
Resolve disputed amounts
Complex account enquiries
Verification of case material
Invoices and statements
Preparing a statement
Identify type of dispute
Cash on delivery (COD)
Close the accounts
Dealing with credit complaints
Prioritising clients and stakeholders
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.
Great! So great I enrolled in another course with AOC
J. Walsh, Swanhaven, NSW | Certificate of Accounts Payable and Receivable | September 2020
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 45 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.