|Financial Skills for Purchasing|
As greater financial awareness is fundamental to the job of the buyer, this course is essential for all purchasing personnel.
The course will give delegates a clear understanding of and an in depth exposure to, the financial skills essential to the contemporary purchasing function. This will enable delegates to assess the financial status of suppliers and confidently use techniques such as open book costing and cost analysis to achieve more profitable deals.
Types of Company / Available Information / Regulation.
The Balance Sheet / Capital and Reserves / Fixed Assets / Current Assets / Creditors / Format / Profit and Loss Account / Capital and Revenue Expenditure.
Horizontal Analysis / Trend Analysis / Vertical Analysis / Ratio Analysis / Profitability / Liquidity / Efficiency / Investment.
Understanding the Financial Press / Share Indices / Commodities / Base Lending Rate / Producer Price Indices.
Fluctuations / Exchange Markets / Euro / Forward Exchange Contracts / Managing Risk.
Product Costing Systems
Terminology / Absorption Costing / Allocation / Apportionment / Absorption / Marginal Costing / Fixed Costs / Variable Costs / Break Even Charts / Job Costing / Contract Costing / Batch Costing / Process Costing / Service Costing.
Cost Analysis v Competition / Open Book Costing / Obtaining Cost Breakdowns / Analysing Price Movements / Measuring the Effect of Currency Movements, Wage Movements, Material Movements and Cost Reductions.
27 - 28 June 2013
21 - 22 October 2013
£575.00 + VAT
Two day non-residential course.
PMS has preferential rates for accommodation with three excellent city hotels within walking distance of the Training Centre.