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Finance

Finance for Procurement (F2)


Description
In this course we will:
  • Introduction to accounting and finance. Orientation into Finance terms
  • Understanding a supplier's financial position
  • Introduction to the building blocks of financial information
  • Anatomy of a balance sheet
  • Anatomy of an income statement
  • How to find resources
  • Understanding cash flow. Why cash is important and the anatomy of the cash flow statement
  • Getting the information you need to understand a supplier's financial position
  • Introduction to financial analysis and other ratios
  • Insights into supplier costs
  • Understanding the structure of different payment terms
  • How financial information is used in decision making and control
  • Getting the full picture of a supplier's capability
Content
  • Introduction to Finance for Procurement (clone)
  • The role of financial information in business strategy and control (clone)
  • Managing supplier financial risk & getting a full picture of supplier capability (clone)
  • The Anatomy of a Balance Sheet
  • The Anatomy of an Income Statement (clone)
  • The Anatomy of a Cash Flow Statement
  • Introduction to Financial Analysis
  • Price Models, Key Cost Drivers and TCO
  • Payment Terms
  • Evaluating Investment Opportunities
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever