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Financial Analysis and Management
Chartered Institute of Procurement & Supply
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Course description
Financial Analysis and Management
Being able to make appropriate choices during procurement projects based on financial data and making financial decisions that affect the supply chains are critical skills for the procurement professional.
This course will give you an understanding of the role of accounting and finance in management and business. It introduces the frameworks for financial accounting, managerial accounting, and corporate finance, and provides an understanding of the information provided by accounting and finance to support decision making by procurement and supply managers and organisation leaders.
As part of this course, you will have access to pre and post-work activities online to help you prepare and reflect on your training. You’ll learn how to lead on decisions that use financial data such as budgeting for procurement projects, supplier selection, investment opportunities, and assess commodity and currency fluctuations. This course uses several practical exercises and prior to the course delegates will be provided with appropriate pre-reading and preparation work to help them get the best out of the 2 days of virtual learning.
Outcome / Qualification etc.
By the end of this course, you will be able to
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Articulate the different roles of financial accounting, management accounting, and financial management in terms of the business
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Understand, critically analyse, and interpret financial statements and budgets
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Understand the significant role of budgeting and develop and critically evaluate organisational plans that align incentives and reward to organisational performance and success
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Apply and critically appraise fundamental techniques of costing and costing systems and critically evaluate the uses and drawbacks of alternative investment appraisal techniques in dealing with resource constraints, within the context of a dynamic marketplace
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Lead continuous monitoring of the impact of financing structures on the organisation, key suppliers, or customers, and take actions to reduce and mitigate associated risks
Training Course Content
Agenda Day 1
Online pre-work should be completed before day 1
The virtual room will open 15 minutes before your session
Introductions and Aspirations followed by a discussion on pre-work activities
Session 1
Key Principles of financial management
Session 2
Management accounting for procurement professionals
Session 3
Cost centres and variance analysis
- Budgeting, Cost prediction, TCO and variance analysis
Review of Day 1
Agenda Day 2
Online reflective learning should be completed before day 2
The virtual room will open 15 minutes before your session
Session 4
Financial analysis
- Understanding financial statements
Session 5
Analysing financial statements
Session 6
Supplier appraisal
- Case Study
Session 7
Sources of finance and the cost of capital
Review of Day 1 and 2
Why choose Chartered Institute of Procurement & Supply
95% of our students tell us that CIPS qualifications are the standard for the profession
Professionals with MCIPS on average earn 20% more
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About provider
The Chartered Institute of Procurement & Supply
CIPS, the Chartered Institute of Procurement & Supply, exists to promote and develop high standards of professional skill, ability and integrity among all those engaged in procurement and supply chain management: individuals, organisations and the profession as a whole. CIPS'...
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Chartered Institute of Procurement & Supply
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