Forecasting Training & Certification
You will learn
With our financial management training course, you’ll learn how to lead on decisions that use financial data such as procurement projects, supplier selection and investment. You’ll take part in some practical exercises to help you get the best out of the training course.
By the end of the training, you’ll be able to:
- Articulate the different roles of financial accounting, management accounting and financial management in terms of the business
- Understand, critically analyse, and interpret financial statements and budgets
- Understand the significant role of budgeting and develop and critically evaluate organisational plans that align incentives and reward to organisational performance and success
- Apply and critically appraise fundamental techniques of costing and costing systems and critically evaluate the uses and drawbacks of alternative investment appraisal techniques in dealing with resource constraints, within the context of a dynamic marketplace
- Lead continuous monitoring of the impact of financing structures on the organisation, key suppliers or customers, and take actions to reduce and mitigate associated risks
Suitable for the following roles
- Operational Buyer
- Procurement Analyst
- Buyer
- Senior Buyer
- Contract Manager
- Category Manager
- Procurement Manager
- Support Manager
- Quality Assurance Manager
Book a course for your team
To book an individual place on a course, click here.
Or if you're interested in learning more about how we can help enhance your teams' capability, fill out your details below and we'll be in touch to let you know how CIPS Procurement Skills Training can help your team.
Forecasting training agenda
Session 1 – Key principles of financial management
Session 2 – Management accounting for procurement professionals
Session 3 – Cost centres and variance analysis
- Budgeting, cost prediction, TCO and variance analysis
Session 4 – Financial analysis
- Understanding financial statements
Session 5 – Analysing financial statements
Session 6 – Supplier appraisal
- Case study
Session 7 – Sources of finance and the cost of capital