Supply Chain Finance I

a process where supply chain practitioners records supply chain supplies and demands in terms of financial accounting

What you’ll learn
Components of the financial statement
Role of accounting
Accounting concepts
Asset or Expense
Inventory valuation method
Connecting supply chain transactions to financial statements
Requirements
Have a keen and curious mind that’s all
There are no prerequisites but it is recommended to do previous modules to build a better understanding
Description
Our objective with this particular module is to help supply chain practitioner, make a link between all the things that we do in the supply chain. For instance, make products, store, move products with trucks and make a link between that and the financial statements. This is critical because while we live in this world, senior executives live more often than not in this particular world, where they understand financial terms. Now, supply chain managers have an enormous amount of control over the assets of the firm. In particular, we’ll talk about working capital. And that’s one of the critical things, which we in the supply chain manage a big portion of. And the challenge that we have is that we have to be able to explain and understand how are the decisions that we make in the supply chain. We’re going to provide you with the basic understanding of how transactions– could be the purchase of raw material, could be the sale of a product, could be the transfer of a title– how those transactions find their way to both the income statement and the balance sheet, and what that means to the firm’s financial performance. If we are able to do that, then we’re actually able to take what we do in the supply chain and articulate the value in financial terms that we’re adding to the firm.So lets get started

Overview

Section 1: Accounting Fundamentals

Lecture 1 Components of the Financial Statement

Lecture 2 Role of Accounting

Lecture 3 Accounting Concepts

Lecture 4 Asset or Expense

Lecture 5 Inventory Valuation Method

Lecture 6 Connecting Supply Chain Transactions to Financial Statements

Beginners in Supply Chain,Supply Chain Professionals,Students,Consultants,Management Consultants,Business Analysts,Supply Chain Managers,Business owners,Accountants,Anyone from beginners & intermediate students who loves to learn step by step supply chain financial accounting