Finance for procurement professionals – Introduction
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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.
This course is CPD certified. Accredited CPD training means the learning activity has reached the required Continuing Professional Development standards and benchmarks in terms of integrity and quality.
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.
This course is suitable for:
- All roles within the procurement function
- Stakeholders who support the financial assessment of suppliers
Please note: The above prices are quoted exclusive of Value Added Tax (VAT) and may be subject to UK VAT, or the local equivalent in the customer’s country of purchase, at the prevailing rate, dependent on the status of the customer (B2B or B2C) and the nature of the products being purchased. If you are a B2B customer for our services in the RoW you may find that you need to account for VAT in your country under the reverse charge mechanism.