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Syllabus A3. Accounts payable control

Syllabus A3

Accounts payable control 4 / 4

a) Explain the role of accounts payables in the working capital cycle.

c) Explain the need to monitor accounts payables.
d) Explain accounts payables control operations and the importance of accounts payables management.
e) Describe the various types and form of accounts payables.
f) Describe the various accounts payables payment methods and procedures (for example, direct debit).
g) Evaluate and demonstrate the issues involved with early payment and settlement discounts.
h) Identify the risks of taking increased credit and buying under extended credit terms.