peaksphere_academy

Accounts Payable & Receivable Fundamentals

This course provides a practical understanding of how organizations manage their payables and receivables—the lifeline of business cash flow. It covers the processes, documents, and controls involved in handling supplier payments and customer collections. Learners will gain skills to ensure timely payments, accurate invoicing, and effective credit control, thereby supporting financial stability and business growth.

What You'll Learn

Role of Accounts Payable (AP) and Accounts Receivable (AR) in business operations
Key documents: purchase orders, invoices, credit notes, and receipts
Accounts Payable process: vendor invoices, approvals, payments, reconciliations
Accounts Receivable process: billing customers, collections, and managing overdue accounts
Importance of credit policies and terms of trade
Cash flow management through AP & AR
Internal controls, fraud prevention, and compliance in AP & AR
Use of spreadsheets or accounting software to manage payables and receivables

Course Curriculum

Module 1
Introduction to AP & AR – Importance and role in cash flow management 2 hours
Accounts Payable Process – Vendor onboarding, invoice processing, approvals, and payments 3 hours
Accounts Receivable Process – Customer invoicing, receipts, and collections 4 hours
Key Documents in AP & AR – POs, invoices, credit/debit notes, statements of account 5 hours
Credit Management – Policies, terms, and risk control 6 hours
Module 2
Reconciliation of AP & AR Ledgers 2 hours
Common Errors and Fraud Prevention 3 hours
Automation & Software Tools – Using spreadsheets/accounting software 4 hours
Case Study Practice – Recording and managing AP & AR in a sample business 5 hours

Who Should Enroll

  • Students pursuing accounting, finance, or business studies
  • Small business owners and entrepreneurs
  • NGO finance officers handling donor/vendor payments
  • Accounts clerks and administrative staff
  • Anyone seeking a career in finance, accounting, or bookkeeping

Frequently Asked Questions

What are the prerequisites for this course?

Basic knowledge of Excel and fundamental accounting concepts is recommended. We provide introductory materials for those who need a refresher before the course begins.

Will I receive a certificate upon completion?

Yes, students who complete all coursework and projects will receive a Certified Financial Analyst certificate from Peaksphere Academy, recognized by our industry partners.

What Our Students Say

"Joining the Diploma in Corporate Finance gave me much more than classroom learning. The case-based approach helped me apply concepts to real business problems. During my MBA placements, I could confidently handle finance-related questions — and I credit this program for that edge"

Student
Priya Sharma

MBA Student, Delhi

"I had the basics of accounting from college, but I struggled in my first job. The Integrated Accounts Learning Program bridged that gap. With the practice sessions in Tally ERP and GST filing, I can now manage client accounts independently. My manager has already noticed the improvement."

Student
Ravi Kumar

Junior Accountant, Bengaluru