Fundamentals of Finance for the Supply Management Professional
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Seminar #4267
June 3 - 3, 2013
Charlotte, NC
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Overview
This 1-day program addresses two of the least understood, yet most critical, departmental functions in every firm: accounting and finance. By the end of the program you will have a fundamental understanding of what they do, how they come to decisions, what is critical to each and the terminology they use. This will allow you to be able to work more easily and more effectively with them in the future. This course is a bridge to ISM's Finance for the Supply Management Professional (3-day program).
For this seminar, please bring a laptop computer with a CD drive.
Who Should Attend
Supply management professionals and others, who need to understand the fundamental relationship between accounting, finance and the supply process. Anyone tasked with the effective and efficient evaluation of potential investments, acquisitions, outsourcing agreements, or long-term contracts.
You Will Learn...
- What IS finance?
- Three pillars of corporate finance
- Why you need to know this
- Five approaches to budgeting
- Two types of leases — or not
- What IS accounting?
- The universal principles of accounting
- Nine elements of the 3 basic financial statements
- Six ways to calculate non-cash deductions
- How they are different
- How they link together to tell the story
You Will Earn...
7 continuing education hours
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Course Outline
- What is accounting — the universal principles: Going concern; Cost concept; Cash vs. accrual; Consistency; Conservatism; Materiality
- The three financial statements: Balance sheet; Income statement; Cash flow statement
- How they are different — the purpose of each: Balance Sheet; Income Statement; Cash Flow Statement
- How they link together to tell the story: Income statement to the cash flow statement; Cash flow statement to the balance sheet; Balance sheet to the income statement; Non Cash Deductions: Depreciation vs. Amortization vs. Depletion
- What IS finance?; Three pillars of corporate finance: Working capital; Capital structure; Capital budgeting; What are the major sources of Long-term and Short-term finance?
- Why you need to know this: Operating Cycle vs. Cash Cycle; Working capital management; Credit policy; Collection procedures; Aging
- Budgets — five different approaches: Traditional; Flexible; Zero-based; Activity-based; Rolling; Cash
- Leasing as an option: Operating leases; Capital leases
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Hotel Information
Charlotte Marriott Executive Park
5700 Westpark Drive
Charlotte, NC 28217
704/527-9650
Effective on midnight May 31st, the Charlotte Marriott Executive Park will change ownership, and become the Crown Plaza Charlotte Executive Park. If you had planned on receiving credit with your Marriott Reward Points, unfortunately those will no longer be honored. However, there is a Marriott Residence Inn Charlotte located in the same parking lot as the newly named Crown Plaza hotel. The website for the Marriott Residence Inn Charlotte is: http://www.marriott.com/hotels/travel/cltep-residence-inn-charlotte-south-at-i-77-tyvola-road/ — and they currently have availability over the dates of the seminar.
The team at the current Marriott property has promised the same great service, and customer care — if you currently have a reservation at the hotel that will not change unless you choose to cancel.
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In order to ensure maximum participation interaction and learning, enrollment is limited.
| Seminar Hours: |
| 2-Day Seminars
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| First Day: |
8:30 a.m. - 4:30 p.m. |
| Second Day: |
8:30 a.m. - 4:00 p.m. |
| 3-Day Seminars
|
| First Day: |
8:30 a.m. - 4:30 p.m. |
| Second Day: |
8:30 a.m. - 4:30 p.m. |
| Third Day: |
8:30 a.m. - 4:00 p.m. |
| One-Day Seminars: 8:30 a.m. - 4:30 p.m. |
| Half-Day Seminars (On-Point): 1:00 - 4:30 p.m. |
Please be sure to read all Seminar Registration Information prior to registering for a course.
If this scheduled date for this seminar does not meet your needs, you can search for other available seminars.
| Seminar #4267 |
Regular Price |
Member Price |
| Cost: |
$849.00 |
$699.00 |
| |
| Total: |
$849.00 |
$699.00 |
| |
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| * This event does not have early bird pricing. |
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