Finance Fundamentals – Procure to Pay (P2P)
Introducing our Finance Fundamentals: Procure to Pay (P2P) course – your gateway to mastering the essential functions of Procure to Pay, also known as P2P or PTP, in accounting.
Are you seeking a career in specialized Procure to Pay roles within accounting? Do you wish to enhance your accounting skills to advance in your current job? Are you eager to deepen your understanding of P2P activities like vendor management, shipping, and invoice processing?
If your answer is yes to any of these questions, you've come to the right place.
This course is specifically designed to refresh your concepts and boost your success rate in job interviews. Engage in hands-on exercises and practice sessions using our Training ERP system to create purchase requisitions and purchase orders based on real-life scenarios.
Modules include:
- Introduction to P2P fundamentals, Purchase to Pay cycle elements.
- Journal fundamentals, cash flow statement treatment, and the impact of payables on ratios.
- P2P process cycles, alternative processes, and abridged cycles.
- Purchase requisition process, importance, and SAP – PR Transaction codes.
- Purchase order process, types, comparative analysis, and distinctions from invoices.
- Module 6: P2P Process flow, manual vs. digital PO systems, and monitoring.
- Vendor management essentials, success tips, and SAP – Vendor transaction codes.
- Shipment processes, key points, shipping terms, and buyer's role.
- Invoice matching, types of matching, and comparison.
- Understanding purchase invoices and their significance.
- Invoice processing steps, challenges, and best practices.
- Vendor payment basics and SAP transaction codes.
- GR/IR clearing account concepts and classifications.
- Accounts payable ratios, DPO, PTR, and other related ratios.
- Accounts payable flow, aging, and management uses.
- End-to-end P2P process, pain areas, best practices, and automation.
- ERP training on purchase requisition and PO creation.
Engage in hands-on exercises and practice sessions using our Training ERP system to create purchase requisitions and purchase orders based on real-life scenarios.
Features:
- Simple and straightforward modules covering P2P essentials.
- Practical exercises and activities to reinforce learning.
- Real-life scenarios and case studies for problem-solving skills development.
- Interactive practice sessions using our Training ERP system.
Advantages:
- Comprehensive coverage of P2P concepts.
- Career advancement opportunities in finance-related roles.
- Application of P2P principles in professional settings.
- Flexible online learning at your convenience.
Benefits:
- Deep understanding of P2P for informed decision-making.
- Job readiness and competitiveness in the finance market.
- Personal development through practical learning.
- Confidence in navigating P2P processes.
Who is this course for?
Freshers to 5 years of experience or anyone aspiring for a career in Finance and Accounts Outsourcing/Offshoring Operations.
Sign up for Finance Fundamentals: Procure to Pay (P2P) today and embark on your journey towards becoming a proficient and confident finance professional!
- Introduction to P2P fundamentals, Purchase to Pay cycle elements.
- Journal fundamentals, cash flow statement treatment, and the impact of payables on ratios.
- P2P process cycles, alternative processes, and abridged cycles.
- Purchase requisition process, importance, and SAP – PR Transaction codes.
- Purchase order process, types, comparative analysis, and distinctions from invoices.
- Module 6: P2P Process flow, manual vs. digital PO systems, and monitoring.
- Vendor management essentials, success tips, and SAP – Vendor transaction codes.
- Shipment processes, key points, shipping terms, and buyer's role.
- Invoice matching, types of matching, and comparison.
- Understanding purchase invoices and their significance.
- Invoice processing steps, challenges, and best practices.
- Vendor payment basics and SAP transaction codes.
- GR/IR clearing account concepts and classifications.
- Accounts payable ratios, DPO, PTR, and other related ratios.
- Accounts payable flow, aging, and management uses.
- End-to-end P2P process, pain areas, best practices, and automation.
- ERP training on purchase requisition and PO creation.