EXSCMA 5696 - SMT Accounting and Finance
1027187
Language of Delivery
English
Delivery Options
Online - Bichronous
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Course Description
This seminar provides a comprehensive overview of how finance impacts supply management. Basic terminology used in finance and accounting are defined. Participants learn how to read financial statements and understand how decisions are taken. They will be introduced to using key ratios to interpret financial information. The principles of accounting and budgeting will be presented. Participants will gain an understanding of how supply management practitioners make a business case for an investment and evaluate investment opportunities.
Learning Objectives
By the end of this course, students should be able to:
- 🗸 Describe the content that is found in the major sections of each of the statements.
- 🗸 Assemble appropriate accounts to create a simple Income Statement and Balance Sheet for a business.
- 🗸 Use examples to illustrate the concept of liquidity and be able to describe the relationship of the Cash Flow Statement to the other three statements.
- 🗸 Relate financial, investing and operating decisions to financial statements.
- 🗸 Have a general understanding of the bookkeeping, accounting and analysis processes.
- 🗸 Use basic accounting terms correctly.
- 🗸 Trace the flow of accounting information from the Income Statement through the Statement of Retained Earnings and into the Balance Sheet.
Applies Towards the Following Programs
- Supply Management Training Diploma : Business Management Knowledge Seminars
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