An intensive accounting and finance course aimed at stakeholders or individuals who want to understand how to use financial data and indicators to assess a supplier’s position, and be able to interrogate what is presented to support key decision making.
This course will provide a good level of knowledge and ability of accounting and finance, and will provide the ability to evaluate and understand a given supplier, interrogate what is presented, and use this as a basis to make key decisions or manage risk.
This course provides an intermediate level of learning into accounting and finance . It covers how to understand and interrogate key financial statements such a profit and loss, balance sheet and cash flow. It covers key ratios and how to test what is being presented to gain insight. It includes practical case studies to apply learning in a real context.
Those completing this course will be equipped to conduct a good level of supplier assessment and be able to look more deeply, or determine what questions to ask, in order to support key decision making. A good level of finance and accounting ability is an essential skill for any procurement practitioner who works with important suppliers, and provides the basis for supplier qualification and risk management. The course will also take you through developing a supplier management plan using financial due diligence.