Top 11 Accounts Payable Supervisor Certifications

Certifications for an accounts payable supervisor demonstrate a professional level of knowledge and experience that can be attractive to employers. They signal that an individual has the necessary skills to manage complex accounts payable processes, including creating and managing accurate records, meeting deadlines, monitoring vendor contracts, and resolving discrepancies. Certification also provides evidence that an individual is committed to ongoing professional development and staying up-to-date with industry changes. In addition, certifications may provide access to additional salary opportunities or job advancement.

This article reviews the top certifications for Accounts Payable Supervisors and explains how they can contribute to an accounts payable supervisor's career growth.

What are Accounts Payable Supervisor Certifications?

Accounts payable supervisor certification is a professional designation awarded by the Institute of Certified Professional Managers (ICPM). It is designed to recognize individuals who have achieved a high level of expertise in accounts payable management. This certification validates an individual’s knowledge and ability to manage accounts payable processes, systems, and operations. It also demonstrates that the individual is an expert in managing accounts payable systems, policies, procedures, and best practices.

Having this certification can give employers reassurance that the individual they are hiring or promoting has the necessary skills and experience to effectively manage their accounts payable operations. An accounts payable supervisor certified by ICPM has demonstrated their ability to understand and apply accounting principles as well as develop effective strategies for managing accounts payable processes, systems, and operations. They have also demonstrated their commitment to advancing their professional development through continuing education in areas such as financial management and accounts receivable management.

In addition to gaining recognition from employers, having this certification can provide many other benefits such as increased job security, better pay rates, career advancement opportunities, access to exclusive job postings, and personal satisfaction from achieving a significant professional accomplishment.

Pro Tip: If you are interested in becoming an accounts payable supervisor, consider getting certified. Certification programs can help you gain the knowledge and skills needed to become a successful supervisor, as well as provide recognition of your expertise. Additionally, certification may be required by employers or necessary to maintain professional standing in the field.

Related: What does an Accounts Payable Supervisor do?

Top 11 Accounts Payable Supervisor Certifications

Here’s our list of the best certifications available to Accounts Payable Supervisors today.

1. Certified Accounts Payable Professional (CAPP)

Certified Accounts Payable Professional (CAPP) is a professional certification program designed to recognize and validate the skills and knowledge of accounts payable professionals. The CAPP certification is offered by the Institute of Financial Operations, a global professional association for financial operations professionals.

The CAPP certification program consists of two parts: an online self-study course and an exam. The self-study course covers topics such as accounts payable processes, procedures, controls, systems, and best practices. The exam tests candidates’ knowledge of accounts payable principles and practices.

It typically takes about three months to complete the self-study course and prepare for the exam. Candidates must also meet certain eligibility requirements in order to take the exam, including having at least two years of experience in accounts payable or related fields.

The cost of the CAPP certification program varies depending on whether you are an Institute of Financial Operations member or non-member. For members, it costs $395; for non-members it costs $495.

2. Certified Government Financial Manager (CGFM)

Certified Government Financial Manager (CGFM) is a professional certification offered by the Association of Government Accountants (AGA). It is designed to recognize and promote excellence in public sector financial management.

The CGFM program requires passing three examinations that cover the entire spectrum of government finance, from budgeting and accounting to auditing and financial reporting. The exams are:

• Governmental Environment
• Governmental Accounting, Financial Reporting, and Budgeting
• Governmental Financial Management and Control

It typically takes two to three years to complete the CGFM program depending on the individual's experience and preparation. To become certified, applicants must meet certain eligibility requirements including having at least two years of professional-level experience in government financial management or related fields. They must also pass all three exams within four years of applying for certification.

The cost of obtaining a CGFM certification varies depending on the number of exams taken, but generally ranges from $400-$1,000 for all three exams combined.

3. Certified Public Accountant (CPA)

Certified Public Accountant (CPA) is a professional designation that signifies an individual has met the education, examination and experience requirements established by their state board of accountancy. CPAs are qualified to provide a variety of accounting services such as tax preparation, auditing, financial statement preparation, bookkeeping and consulting.

It typically takes four years to become a CPA. To qualify for the CPA Exam, you must have at least 150 semester hours of college credit from an accredited institution and 24 semester hours of accounting coursework. In addition, most states require two years of supervised experience in public accounting or related fields before granting the CPA license.

To get your CPA license, you must first pass the Uniform Certified Public Accountant Examination (CPA Exam). The exam consists of four sections: Auditing & Attestation (AUD), Business Environment & Concepts (BEC), Financial Accounting & Reporting (FAR), and Regulation (REG). After passing the exam, you must meet any additional requirements set forth by your state board of accountancy in order to obtain your license.

The cost to become a CPA will vary depending on where you live and what type of education and experience you have prior to taking the exam. Generally speaking, it can cost anywhere from $1,000-$2,500 for tuition fees alone. This does not include study materials such as textbooks or practice exams which can add up quickly. Additionally, there are fees associated with applying for and taking the exam itself which can range from $100-$200 per section.

4. Chartered Global Management Accountant (CGMA)

Chartered Global Management Accountant (CGMA) is a professional designation awarded by the Association of International Certified Professional Accountants (AICPA). It is an advanced credential for management accountants and financial professionals who have shown mastery of both financial accounting and business management skills. The CGMA designation is recognized around the world as a mark of excellence in the field of management accounting.

It typically takes two to three years to obtain the CGMA designation, depending on your experience level. To become a CGMA, you must first complete the AICPA's CPA Exam and meet certain educational requirements. You must also pass the Chartered Global Management Accountant Examination (CGMA Exam), which tests your knowledge and understanding of international financial reporting standards, business strategy and operations, risk management, strategic decision-making, and other topics related to global finance.

To get started on your journey towards becoming a CGMA, you should first review the eligibility requirements for taking the CGMA Exam. Once you have met these requirements, you can register for the exam through AICPA’s website. The cost of taking the exam varies depending on where you live; however, it typically costs between $400 and $600 USD.

Once you have successfully passed the exam, you will receive your official CGMA designation from AICPA. This will allow you to use the “CGMA” title after your name when listing credentials or applying for jobs in finance or accounting-related fields.

5. Certified Internal Auditor (CIA)

Certified Internal Auditor (CIA) is a professional certification offered by The Institute of Internal Auditors (IIA). It is the most recognized and respected certification for internal auditors. The CIA designation demonstrates an individual’s knowledge, skills, and experience in the field of internal auditing.

In order to become a Certified Internal Auditor, you must meet certain educational and experience requirements, pass a comprehensive exam, and adhere to the IIA’s Code of Ethics. To qualify for the CIA exam, you must have at least a bachelor’s degree from an accredited college or university plus two years of professional experience in internal auditing, control, or related financial management areas.

The CIA exam consists of three parts: Part 1 – Internal Audit Basics; Part 2 – Practice of Internal Auditing; and Part 3 – Business Knowledge for Internal Auditing. Each part consists of multiple-choice questions that are divided into four sections: Professionalism & Ethics; Governance & Risk Management; Information Technology & Security; and Financial & Performance Management.

The exam can take anywhere from 4-6 hours to complete depending on your proficiency in each area. It is recommended that candidates prepare for the exam by taking courses or studying materials provided by The IIA or other organizations offering certified internal auditor training programs.

The cost to take the CIA exam varies depending on where you take it but typically ranges from $400-$600 USD per part. Additionally, there may be additional fees associated with preparing for and taking the exam such as course materials or registration fees.

6. Certified Fraud Examiner (CFE)

Certified Fraud Examiner (CFE) is a professional certification granted by the Association of Certified Fraud Examiners (ACFE). The CFE credential is designed to recognize individuals who have demonstrated expertise in detecting and deterring fraud. The CFE credential enables professionals to demonstrate their knowledge and skills in fraud prevention, detection, investigation, and deterrence.

It typically takes between 6-12 months to become a Certified Fraud Examiner. To get the CFE credential, applicants must first complete an online application and pay an application fee. Once the application is approved, applicants must pass a four-hour exam which covers topics such as financial transactions and fraud schemes, law, investigation, and forensic accounting.

The cost for the CFE credential varies depending on the country where you are located. In the United States, the cost for the exam is $400 USD plus applicable taxes. The exam fee includes access to study materials, practice exams, and other resources that can help prepare applicants for success on the exam.

7. Accredited Business Accountant/Advisor (ABAP/ABA)

Accredited Business Accountant/Advisor (ABAP/ABA) is a professional designation awarded by the American Institute of Certified Public Accountants (AICPA). It is designed to recognize professionals who have achieved a high level of expertise in business accounting and financial advising. To be eligible for the ABAP/ABA, an individual must hold a valid CPA license and have at least five years of experience in public accounting.

The process of obtaining the ABAP/ABA designation typically takes between six months and one year, depending on the individual's experience and qualifications. The first step is to complete an application form which includes providing details about your educational background, work experience, and professional credentials. Once the application has been approved, you will need to take an exam that covers topics such as taxation, auditing, regulation, financial reporting, accounting standards, business operations, and more. After passing the exam with a score of 80% or higher, you will receive your ABAP/ABA certification.

The cost of obtaining the ABAP/ABA designation varies depending on whether you are taking the exam through AICPA or another organization such as Prometric or Pearson Vue. Generally speaking, it can cost anywhere from $400-$1,000 for registration fees plus any additional costs associated with study materials or other services.

8. Certified Management Accountant (CMA)

Certified Management Accountant (CMA) is a professional certification in the field of management accounting. It is granted by the Institute of Management Accountants (IMA). The CMA credential demonstrates that an individual has met the educational and experience requirements, as well as passed two rigorous exams.

To become certified, candidates must meet certain eligibility requirements such as having a bachelor’s degree from an accredited college or university and at least two years of professional experience in management accounting or financial management. Candidates must also complete a series of courses, pass two comprehensive exams, and agree to abide by IMA’s Code of Professional Conduct.

The CMA exam consists of two parts: Part 1 – Financial Planning, Performance & Analytics; and Part 2 – Strategic Financial Management. Each part is four hours long and consists of multiple-choice questions and essay questions. The exam is administered twice a year in June and December at various locations worldwide.

The cost to take the CMA exam varies depending on which country you are taking it in. Generally speaking, it costs around US$1,000 for both parts combined. Additionally, there may be additional fees associated with becoming a member of IMA or other organizations related to the CMA program.

In total, it typically takes between 12-18 months to become certified depending on how quickly you can complete all the necessary steps such as coursework, exams, etc.

9. Certified Financial Planner (CFP)

Certified Financial Planner (CFP) is a professional designation awarded by the Certified Financial Planner Board of Standards, Inc. to individuals who have met certain educational, experience, and ethical requirements. CFPs are qualified to provide financial advice and services related to retirement planning, investments, taxes, insurance and estate planning.

It typically takes three years to become a CFP. The process includes completing an accredited college-level education program in personal financial planning; passing the CFP Certification Examination; gaining at least three years of full-time financial planning related experience; and agreeing to adhere to the CFP Board’s Code of Ethics and Professional Responsibility.

To get certified as a CFP, you must first complete an accredited college-level education program in personal financial planning. This program must be approved by the CFP Board of Standards and include courses in insurance planning, investment planning, income tax planning, retirement planning and estate planning. Once you have completed this program you will need to pass the CFP Certification Examination which consists of two parts: a six-hour written exam and an oral exam.

The cost for becoming a Certified Financial Planner varies depending on your location but can range from $1,000-$3,000 for tuition plus additional fees for books or other materials required for the coursework. Additionally there is a fee for taking the certification examination which ranges from $695-$795 depending on when you register.

10. Chartered Professional Accountant (CPA Canada)

Chartered Professional Accountant (CPA Canada) is a professional designation for individuals who have met the educational and experience requirements to practice public accounting in Canada. It is the highest standard of professional accounting in Canada and is recognized internationally.

To become a CPA, an individual must complete the CPA Professional Education Program (CPA PEP), which consists of two parts: the Common Final Examination (CFE) and the Capstone 1 and 2 modules. The CFE tests candidates on their knowledge of financial reporting, assurance, strategy and economics, finance, taxation, law, management accounting and performance measurement. The Capstone 1 module focuses on business leadership skills while the Capstone 2 module focuses on strategic planning and analysis.

In order to be eligible to take the CFE, an individual must have completed an undergraduate degree with at least three years of university-level study in business or commerce from a recognized institution; have obtained a minimum grade point average of 3.0 out of 4.0; have completed 30 credit hours of approved courses related to financial accounting, auditing or taxation; and have obtained at least two years of relevant work experience in public accounting or another related field.

The cost for completing the CPA PEP program varies depending on where you are studying but generally ranges from $10,000 - $15,000 CAD plus applicable taxes. Additionally, there may be additional costs associated with taking the CFE such as registration fees and exam preparation materials.

Once all requirements are met, it typically takes 12-18 months to complete the CPA PEP program depending on how much time an individual has available for study. After successful completion of all components of the program including passing the CFE exam with a minimum score of 70%, individuals will receive their official Chartered Professional Accountant designation from CPA Canada.

11. Certified Treasury Professional (CTP).

Certified Treasury Professional (CTP) is a professional certification program offered by the Association for Financial Professionals (AFP). It is designed to recognize and promote excellence in treasury management. The CTP designation is recognized worldwide as the premier certification for treasury professionals.

It typically takes between six months to two years to complete the CTP program, depending on the individual’s experience and background. To become certified, applicants must pass an exam that covers topics such as cash management, risk management, investments, international finance, and financial analysis.

To get started with the CTP program, applicants must first submit an application to AFP. This includes providing proof of relevant educational background and work experience. Once approved, applicants will receive an invitation to take the CTP exam.

The cost of obtaining a CTP certification varies depending on whether or not you are a member of AFP. For non-members, the cost is $1,395 USD; for members it is $995 USD.

Do You Really Need a Accounts Payable Supervisor Certificate?

The short answer is no, you do not need an Accounts Payable Supervisor Certificate to be an effective accounts payable supervisor. However, having a certificate or formal education in accounting can be beneficial in demonstrating your knowledge and skills in the field of accounts payable. It also shows potential employers that you take the job seriously and have invested time and effort into developing your skills.

Having a certificate or formal education related to accounts payable will give you a better understanding of accounting principles, such as double entry bookkeeping, cost accounting, financial statement analysis and more. Additionally, it could also help you with problem-solving techniques for dealing with difficult situations that might arise during your role as an accounts payable supervisor. Finally, having a certificate or formal education related to accounts payable may make you more attractive to employers who are looking for experienced professionals who possess strong technical and analytical skills.

In conclusion, while an Accounts Payable Supervisor Certificate is not necessary to be an effective accounts payable supervisor, having one or some kind of formal education in the field could prove helpful in advancing your career goals.

Related: Accounts Payable Supervisor Resume Examples

FAQs About Accounts Payable Supervisor Certifications

1. What are the requirements for an Accounts Payable Supervisor Certification?

Answer: The requirements vary by organization, but typically include a combination of experience in accounts payable, supervision and management, as well as successful completion of a certification exam.

2. How long is an Accounts Payable Supervisor Certification valid for?

Answer: Generally, the certification is valid for two years from the date of completion.

3. What topics are covered in the Accounts Payable Supervisor Certification exam?

Answer: Topics covered in the exam may include accounting principles and practices, financial analysis and reporting, accounts payable processes and procedures, internal control systems, fraud prevention measures and more.

4. What types of jobs can I get with an Accounts Payable Supervisor Certification?

Answer: With this certification you may qualify for positions such as accounts payable manager, director of accounts payable or controller.

5. Is there any type of continuing education required to maintain my Accounts Payable Supervisor Certification?

Answer: Yes, you must complete at least 30 hours of continuing education within each two-year period to remain certified.