Finance for Procurement Professionals – Introduction

An introductory 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. This course will provide a working knowledge of accounting and finance, specifically aimed at how to evaluate and understand a given supplier at a point in time, as well as providing a basis to manage risk or make key decisions.

This course covers an introduction to accounting and finance including how to understand key statements such as profit and loss, balance sheet and cash flow. It will equip you with a methodical approach to review and interrogate these, and assess and compare a supplier’s financial position and health. The course will equip you to apply some key ratios to better understand a supplier and determine where to look more deeply or what questions to ask in order to make key decisions.

Gaining an introduction to accounting and finance is a key skill for anyone working with important suppliers, and provides a sound basis for supplier qualification and risk management.

When taken as an online, instructor-led course, this training is CPD certified, meaning the learning activity has reached the required Continuing Professional Development standards and benchmarks for integrity and quality. It also holds the IFPSM: Programme Accreditation Standard (PAS) and counts as credit towards the Positive Purchasing Master Practitioner in Strategic Procurement programme.

Learning objectives

By the end of this course, delegates will be able to:

  • Describe how financial systems and reporting helps the decision-making and running of an organization
  • Understand a supplier’s financial position, both overall, and for specific products/services, in effective procurement practice
  • Describe the different ways procurement teams can understand the suppliers’ position and the associated difficulties
  • Interpret key financial statements including Profit and Loss, Balance Sheet, Funds Flow/Cash Flow
  • Be able to perform basic analysis of supplier financial information using key ratios and metrics
  • Describe and utilize ways to obtain key supplier financial information

Who should attend

  • All roles within the procurement function
  • Stakeholders who support the financial assessment of suppliers

Course Content

Introduction to Finance and understanding the supplier’s position

  • Introduction to accounting and finance. Orientation into Finance terms.
  • Understanding the supplier’s position
  • Introduction to the building blocks of financial information
  • Key financial statements including Profit and Loss, Balance Statement and Cash Flow Statement

Application of financial information

  • Understanding cash flow. Why cash is important and the anatomy of the cash flow statement.
  • Analysis of a supplier using ratios and key metrics
  • Identify key supplier financial information
  • Financial reporting supporting company decision-making
  • Insights into supplier costs
  • Understand the structure of different payment terms
  • Financial reporting supporting company decision-making
  • Getting the full picture of a supplier’s capability

What You Will Get

This training is delivered by a highly experienced procurement expert and is delivered live, online, as a series of workshops. Delegates will need access to spreadsheet software to complete course tasks and build the models.

Different language options are available, and a summary of course evaluations and feedback will be provided after the training.

Delegates will receive:

  • A working spreadsheet finance model with terms and conditions calculator
  • Slide handouts pdf document
  • Access to the LMS and course slide decks for 3 months
  • A certificate for all delegates who complete the course

Course Catalogue

To download our Training Course Catalogue, please click the link below.


Get in Touch

If you’d like to discuss how our training, platform and package options could work for your organization, please click below or call us on +44 33 00 94 0000.

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