The accounts payable director/manager will need to influence and team with other entities such as procurement, receiving, and business partner organizations. Often this position requires a bachelor’s degree in accounting, master’s in business administration, or certification such as CPA. The accounts payable director/manager should have strong management skills and experience in leading large teams.
With the changing world of accounts payable, the importance of the core competencies listed below will vary depending on the assignment of priorities within the organization.ġ.2.1.1. The organization’s accounts payable department as a whole comprising the associates and management team should possess or obtain the knowledge, skills, and other competencies needed to perform its responsibilities at any given time.ġ.2.1.
#Azure standard accounts payable professional
The accounts payable professional should be provided with a prescribed job description and development plan (if applicable). It is the responsibility of the accounts payable professional to promote steps to achieve the maximum level of segregation of duties and organizational independence possible.ġ.1.5. The accounts payable organization should be organizationally aligned so there is a proper level of segregation of duties and organizational independence. (Refer to Section II, 3.2, Invoice Processing Controls)ġ.1.4. The accounts payable professional must maintain the highest level of integrity, objectivity, confidentiality, and professional competency to ensure that there is an awareness of the consequences of committing external, internal, and collusion fraud. The accounts payable professional has a fiduciary responsibility to ensure that invoices are properly approved and funds are disbursed in accordance with the organization’s financial policies.ġ.1.3. The accounts payable professional should adhere to the highest level of professional standards set forth by his or her organization’s finance operation.ġ.1.2. Accounts payable professional standardsġ.1.1.
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