Supply Chain Finance and Cost Accounting (OPMT 2240)

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.
Course code: OPMT 2240
Credits: 3.0
Length: 45.0 hours
Course outline: view https://www.vcc.ca/vccphp/courseoutline?subject=OPMT&number=2240

Prerequisites

MGMT 1015, OPMT 1120.
No schedule is currently available. Please check again later.

Additional Information

  • 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)

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

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