| Course Code |
MACM |
| Description: |
This module can be run as a tailored event for Category Teams or as an open module. The module is facilitated using a highly participative approach utilising live team data or case study material (for an open
module). It provides an overview of accounting principles and its implications for Procurement. |
| Aim: |
To provide an overview of management accounting principles and its implications and applications in relation to Procurement. |
| Duration: |
1 day non-residential. |
| Pre-Requisites: |
For team based modules a pre-meet will be necessary in order to establish the team's requirement. No pre-requisites for 'open' modules. |
| Designed For: |
Category Teams or individuals involved in data gathering, supplier analysis and supply market analysis. *Please note this course is not open to non-MOD
delegates. |
| Objectives: |
By the end of the course delegates will:
• Know where to find financial data and how to interpret it
via ratios and price analysis;
• Be able to identify how financial evaluation fits into the procurement
process;
• Have a basic understanding of Investment Appraisal techniques. |
| Related Learning: |
None. |
