Controller and CFO's Guide to Accounts Payable (Hardcover)

~ (Author)
Key Phrases: vendor relations, invoice handling, exception processing, Core Functions, Specialty Functions, Independent Contractors (more...)

Editorial Reviews

Product Description

Refreshingly candid and witty in tone, Controller and CFO's Guide to Accounts Payable is required reading for any professional wanting to understand more about their organization's AP operations. It declares that AP is no longer a back-office function and underscores the reality that proper attention must be paid to this crucial department in order to run a leading edge and competitive company.

From the Inside Flap

As controller or CFO of your company, you may not realize the far-reaching impact of the decisions within the accounts payable (AP) process unless you are intimately involved in the particulars of AP's operations. You might be thinking, "What's the big deal? AP gets bills and pays them. How can that possibly take up a whole book?"

Controller and CFO's Guide to Accounts Payable demonstrates that there is much more to AP than merely paying bills. Drawing on her extensive experience in the corporate financial community, author Mary Schaeffer unveils the myriad of tasks involved in this department and reveals what it actually takes to get these tasks done in the most cost-efficient manner while strengthening internal controls. Her unflinching look at the problems—and their best-practice solutions—shows readers effective ways to tackle the issues encountered between AP operations and the controller's or CFO's office to move on to excellence as a corporate whole.

Controller and CFO's Guide to Accounts Payable is strategically divided into three segments:

• Part I focuses on the core functionality of the AP operation—the processing of invoices and ensuing payment
• Part II turns its attention to specialty functions such as T&E, 1099 Reporting, etc., that may or may not be handled by accounts payable
• Finally, Part III looks at management and oversight issues, explores the latest in fraud and financial crimes as well as the newest initiatives to put a stop to them, and the enduring impact of the Sarbanes-Oxley Act

Refreshingly candid and witty in tone, Controller and CFO's Guide to Accounts Payable is required reading for any professional wanting to understand more about their organization's AP operations. It declares that AP is no longer a back-office function and underscores the reality that proper attention must be paid to this crucial department in order to run a leading edge and competitive company.

See all Editorial Reviews

Product Details

• Hardcover: 256 pages
• Publisher: Wiley (October 13, 2006)
• Language: English
• ISBN-10: 047178589X
• ISBN-13: 978-0471785897
• Product Dimensions: 9.1 x 6.3 x 0.9 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars  See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #201,064 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 2 people found the following review helpful:

5.0 out of 5 stars Insightful Guide To Accounts Payable, February 20, 2007

By	M. Horowitz (Long Island, NY) - See all my reviews (REAL NAME)

I would like to recomend "Controller and CFO's Guide to Accounts Payable" by Mary Schaeffer. I found the advice in this book to be very helpful in managing my accounts payable. I would recommend this book to anyone who is currently working with accounts payable. The techniques prove to be very successful.

1 of 2 people found the following review helpful:

5.0 out of 5 stars much needed steps in the right direction, February 19, 2007

By	Joseph Lewko "AP enthusiast" (Palo Alto, CA) - See all my reviews (REAL NAME)

With some advice from a friend who has been in accounts payable for years, I picked up this book and started a foundation for my accounts payable career. I have confidence and the information I need to make the much needed changes to setup our AP department. It is so much easier to read then the other books out there, and found myself able to retain the information much easier with the down to earth examples.

1 of 2 people found the following review helpful:

4.0 out of 5 stars A must read for finance professionals, February 18, 2007

By	Amanda "Finance professional" (Florida) - See all my reviews

This book was lent to me by my boss. As a finance student and executive assistant to a CFO, I found it extremely informative and helpful. I am always looking for ways to better understand and become more efficient in the field I work in, Ms. Scheaffer has definetely played a part in this. I look forward to reading more of her books.