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Advanced Finance & Global Economics for the Supply Management Professional

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Seminar #4257
June 7 - 7, 2013
Charlotte, NC

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Overview

In recent years the world's economy has been undergoing significant changes, not the least of which was the recent financial crisis. Add to this globalization and the fundamental changes in accounting coming with the conversion to International Financial Reporting Standards (IFRS) and there are new pressures on Supply Management Professionals to learn, understand and use these tools. In this 1-day course we will demonstrate what you need to know and how to put this knowledge to work in your procurement policies and decisions.

For this seminar, please bring a laptop computer with a CD drive.

Who Should Attend

Supply management professionals and others, who want to learn more advanced concepts in Accounting and Macro Economics and how they impact the procurement process. Everyone tasked with the development and implementation of strategies to optimize Supply Management.

You Will Learn...
  1. What is new, critical to know in Accounting
    1. International Financial Reporting Standards (IFRS)
    2. Two major accounting inconsistencies
    3. Three accounting systems?
    4. IFRS vs. GAAP
    5. Two forms of leasing or one
    6. Financial vs. Managerial Accounting
  2. What is critical to know in Global Economics
    1. Purchase Power Parity
    2. Three economic indicators (leading vs. lagging vs. coincidental) and what they tell us
    3. How the business cycle impacts decisions
    4. Two surprisingly effective models for determining supplier financial health
    5. Why the key to planning is understanding the relationship between gross domestic product, unemployment, and inflation
You Will Earn...

7 continuing education hours
Course Outline
  1. What is critical to know in Accounting; What is new in accounting?; Revenue recognition; Fair value accounting
  2. What is IFRS?; How to compare IFRS to GAAP; Why does Managerial Accounting give us a better picture of what things cost?
  3. Financial vs. Managerial Accounting; Financial accounting approach to costs; Managerial accounting approach to costs
  4. What is critical to know in Macro Economics?; What is Macro Economics?; Macro vs. Micro Economics; What is Purchase Power Parity (PPP)?; How do we calculate PPP?; Inflation: friend or foe?
  5. The business cycle; What is the business cycle?; How the business cycle impacts decisions; Economic indicators: leading vs. lagging vs. coincidental; How to use economic indicators to plan better; Why the key to planning is understanding the relationship between gross domestic product, unemployment, and inflation.

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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
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 #4257 Regular Price Member Price
Cost: $849.00 $699.00
 
Total: $849.00 $699.00
 
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