Supply Chain Finance and Cost Accounting

In this course students will be introduced to the multiple financial concepts which are critical to supply chain management. Firstly, students will learn about different cost accounting items such as labour, material, and overhead costs. Students will then examine job cost and service statements, as well as cost accounting systems. In the second half of the course, students will take a deeper dive into the various financial concepts and principles that relate to supply chains, including working capital management, cash flow optimization, trade credit and payment terms, factoring and invoice discounting.

Prerequisites

MGMT 1015, OPMT 1120.

What you will learn

• Introduction to Supply Chain Financial Management and Analysis
  Costing Methods and Financial Ratios
  Labour costs and documentation
  Material costs
  Overhead costs
  Job cost and service cost statements
  Cost accounting systems
  Working Capital Management (Overview of working capital and its components, Strategies for optimizing working capital within the supply chain, The relationship between working capital and supply chain efficiency)
  Cash Flow Optimization (Understanding the flow of funds within the supply chain, Techniques to enhance cash flow, Managing payment cycles)
  Trade Credit and Payment Terms (Exploring trade credit terms, Negotiating and managing trade credit terms, Balancing supplier and buyer needs, Early payment discounts and their implications)
  Factoring and Invoice Discounting (Factoring and invoice discounting, Benefits and risks associated with invoice financing)

How to register

This course is offered as part of a VCC program only.

Contact us

If you have any question, please email at advising@vcc.ca.

† This information is intended as a guideline only. Program and course details are subject to change with the approval of VCC's Board of Governors.