Certified Accounts Payable Specialist (CAPS)
CAPS - Certified Accounts Payable Specialist is the foundation level of the CAPP program, the globally leading accounts payable certification program.
The leading professional credential for Accounts Payable professionals
The Accounts Payable Specialist Certification (CAPS), is the first of two levels within the full CAPP programme. To earn the CAPS credential, you must complete the Accounts Payable Specialist online study programme and pass the final exam which includes 50 multiple choice questions.
A Certified Accounts Payable Specialist is a Subject Matter Expert and competent professional in the field of Accounts Payable with an advanced understanding of the Accounts Payable process and the best practices which reduce risks and enable Accounts Payable functions to operate efficiently.
Whether you are an experienced Accounts Payable or wider Finance professional, the Accounts Payable Specialist course will provide you with the knowledge and skills to progress your career in financial operations.
The CAPP is the true standard for educational excellence in the field of Accounts Payable
Certified Accounts Payable Specialist status and CAPS designation
Expert understanding of the Accounts Payable Process
Advanced awareness of Risks to Accounts Payable including internal and external frauds
Ability to analyse and improve processes
Knowledge of Accounts Payable technology solutions and their capabilities
Understanding of the need for internal controls
As the field’s leading designation, the CAPP is the key indication of candidates with proven ability and experience. To earn it, you must not only complete the online study programme but also pass two challenging and rigorous exams. Employers globally recognise this and in many cases require their Accounts Payable team members to hold either CAPS, CAPM or CAPP certifications.
A fully comprehensive Accounts Payable study programme
Welcome To The CAPS Course
Join the IFOL global community
About You and Your Career Goals
It's Time To Begin
Essential AP Terminology Glossary
Accounting Terminology Questions
Module Overview
The Accounts Payable Process
3 Way Match and Processing Invoices
Invoice to Pay Masterclass (28 mins)
Invoice Processing Best Practices Masterclass (41 mins)
Debit Balances, Exceptions and Purchase Orders
How to Achieve Purchase Order Compliance (40 mins)
Statement Reconciliations
Accounts Payable Process Knowledge Check
Module Overview
Evaluating Software Solutions for AP
Solution Types
RACI Matrix Template
Automated Expense Systems, Supplier Portals and Invoice Capture
Self Service Supplier Portals
Supplier Self Service Portals Masterclass (44 mins)
Digital Payments Masterclass (36 mins)
Robotic Process Automation (RPA)
Getting Started with RPA Masterclass (41mins)
Technology Knowledge Check
Module Overview
Understanding Good Customer Service
Measuring Success Task
Customer Service Continued
Customer Service Masterclass (41 mins)
Your Customer Service Brand
Types of Customer
Handling Complaints Effectively
Customer Service Knowledge Check
Module Overview
Supplier Management and Masterfile
Standardising the Supplier Masterfile to Prevent Fraud Masterclass (47 mins)
Supplier Data
How to Clean Up Dirty Data Masterclass (41 mins)
Risk Intelligence and Supplier Relationship Management
1099 Reporting and W8/W9 Form Compliance
Sales and Use Tax (26 mins)
Suppliers Knowledge Check
Module Overview
Communication Overview and Types
Importance of Good Communication
Communication and Negotiation Knowledge Check
Module Overview
Data Entry, Analysis and Numerical Skills
Accounts Payable Accounting Masterclass (45 mins)
Module Overview
Travel and Entertainment Overview
Monitoring Compliance
Expense Management Solutions
Travel and Entertainment Expenses Knowledge Check
Module Overview
Compliance and Controls
Risk Management and Records Retention
Accounts Payable Fraud
Audits and Audit Compliance
What to Expect in a Finance Audit Masterclass (42 mins)
Compliance and Controls Knowledge Check
Masterclass Series Overview
Avoiding Payments Fraud in Accounts Payable (58 mins)
Segregation of Duties to Avoid Fraud (17 mins)
Supplier (or Vendor) Validations for Reducing Fraud Risk (18 mins)
Combatting Business Email Compromise or BEC (21 mins)
Module Overview
Performance Management and Team Building
Performance Management Masterclass (31 mins)
Dashboards and Key Performance Indicators
Performance and KPI's Knowledge Check
Exam Prep Guidance
Exam Prep: Mock Exam Questions
Starting The Exam
CAPS Exam