Finance Skills for Non-Financial Practitioners Workshop (2 days)
Commercial practitioners should know how to communicate in the language of finance and how to make sound commercial decisions with positive financial outcomes.
Dates: 26 & 27 March 2018
Venue: Focus Rooms, Sunninghill, Johannesburg
Address: The Intel Core Shopping Centre, Leeuwkop Rd, Sunninghill 2191, Johannesburg
Price: R 7, 395, - (excl. VAT) - includes delegate pack, learner guide, refreshments & lunch
Register 3 delegates and the 4th attends free of charge. 10% discount for ACCMA, CIPS, IRMSA and SAPICS members.
About this workshop
The aim of this workshop is to provide participants with the knowledge and skills to manage their commercial and procurement activities more profitably and with a greater degree of financial understanding and confidence.
Do you use advanced financial principles in your commercial decision making? Is a lack of this understanding keeping you from achieving maximum value from your supply chain? Do you know how to communicate in the language of finance?
This 2 day workshop comprehensively responds to the above aims and objectives, covering the following key elements:
• Effective financial management;
• Capital and operational spend;
• Financial statements;
• Corporate governance;
• Budgetary control;
• Procure-to-Pay process.
This workshop is aligned to SAQA Unit Standard 117156.
Who Should Attend
Individuals at all levels in contract management, commercial management, project management, procurement and supply chain management..
This includes: Buyers, Acquisition Officers, Procurement Officers, Procurement Specialists, Procurement Managers, Contract Managers, Contract Management Specialists, Commercial Managers, Fleet Managers, Travel Managers, Tender Evaluation & Tender Adjudication, Logistics Managers, Logistics Specialists, Project Managers, Supply Chain Managers, Supply Chain Specialists, Sourcing Managers, Sourcing Specialists, Commodity Managers and Commodity Specialists.
Benefits and Outcomes
• Understand the accounting process;
• Review types of suppliers’ entities and corporate governance requirements;
• Fundamentals of Value Added Tax;
• Interpret financial statements of a business;
• Analyse a balance sheet of a business;
• Understand financial ratios and ratio analysis;
• Identify the breakeven point of a business;
• Understand budgetary control for OPEX and CAPEX;
• Negotiate settlement and trade discounts, volume rebates, pricing and payment terms;
• Understand benchmarking, supplier financial risk analysis and value creation;
• Know how to increase company profitability through procurement.
Bespoke is a B-BBEE Level 2 contributor and is awarded Services SETA accreditation no. 12188.