Chief Leadership Officer

Certified Accounts Payable & Receivables Professional (CAPRP)

The Certified Accounts Payable & Receivables Professional (CAPRP) program is a prestigious certification meticulously designed to equip individuals with advanced knowledge and expertise essential for success in the specialized domains of accounts payable and accounts receivable. In today’s dynamic business environment, efficient management of financial transactions, invoicing, and cash flow is critical for organizations to maintain liquidity and financial stability. The CAPRP program offers a comprehensive curriculum that covers accounts payable and receivable principles, financial analysis and credit management, ensuring that graduates are well-prepared to excel in roles that demand accuracy and effectiveness in financial management.

Certification Program Objectives:

Upon completing the Certified Accounts Payable & Receivables Professional (CAPRP) program, participants will be able to:

  • Master Accounts Payable and Receivable Fundamentals: Develop a deep understanding of foundational accounts payable and receivable principles, including invoicing, payment processing, and cash application.
  • Optimize Cash Flow: Implement strategies to enhance cash flow management, reduce payment delays, and improve working capital.
  • Analyze Financial Transactions: Conduct comprehensive financial analysis of accounts payable and receivable data to make informed financial decisions.
  • Manage Credit and Collections: Develop credit management strategies, monitor accounts, and implement effective collections practices to minimize bad debt.

Certification Eligibility Criteria:

To apply for certification from The American Institute of Business and Management (AIBM) and its allied institutions, candidates must meet at least one of the following criteria:

  • A Bachelor’s degree from a recognized institution

And/or

  • 2 to 5 years of relevant work experience in the related professional field.

Note: Applicants who do not hold a Bachelor’s degree but possess exceptional professional experience and hold significant positions within their organizations in a relevant field may also be considered for certification on a case-by-case basis, subject to the approval of the AIBM evaluation committee.

Certifying Examination:

  • To be certified as CAPRP, student should take up a 1.5 hours online exam conducted by AIBM.
  • The qualifying exam would consist of 50 multiple choice questions, testing core certification modules.
  • Professionals with relevant experience and other qualifying criteria may be exempted from the examination.

Certification Modules:

  • Module 1: Accounts Payable Processes
  • Module 2: Accounts Receivable Processes
  • Module 3: Invoice Management
  • Module 4: Credit Management
  • Module 5: Cash Flow Management
  • Module 6: Financial Reporting and Analysis

* The modules of the certification are constantly updated and are subject to change.

Who Should Do This Certification:

The Certified Certified Accounts Payable & Receivables Professional (CAPRP) certification is highly beneficial for professionals across various roles and industries, including:

  • Accounts Payable Specialists: Those responsible for managing accounts payable processes, from invoice processing to payment disbursement.
  • Accounts Receivable Specialists: Individuals focused on accounts receivable management, cash application, and credit monitoring.
  • Financial Analysts: Professionals interested in gaining expertise in financial analysis, cash flow optimization, and credit management within finance and accounting.
  • Accounting and Finance Managers: Those overseeing financial transactions, credit policies, and reporting within organizations.
  • Aspiring Finance Professionals: Individuals looking to enter the field of financial management, seeking a solid foundation and advanced insights.
  • Compliance Officers: Those responsible for ensuring financial practices adhere to industry regulations and ethical standards.
  • Small Business Owners: Entrepreneurs and business owners interested in managing accounts payable and receivable effectively within their organizations.

Embark on the journey of achieving the CAPRP certification to refine your financial management skills, excel in financial analysis, and contribute to the financial stability and regulatory compliance of your organization or clients in the specialized domains of accounts payable and receivable.