en

13 March 2017 - 17 March 2017

Balance sheet analysis and assessment tools for procurement practitioners

13 March 2017 - 17 March 2017

Balance sheet analysis and assessment tools for procurement practitioners

Balance sheet analysis and assessment tools for procurement practitioners
Deadline for application: 03 March 2017
English
A9010358
Turin Centre
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Course Information

13 March 2017 - 17 March 2017

English

Turin Centre

Code: A9010358

English

Deadline: 03 March 2017

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This five-day module explores techniques for assessing a company's balance sheet in accordance with the international Financial Reporting Standards (IFRS). It seeks to upgrade the skills of procurement practitioners in evaluating the financial strength of a supplier/contractor at the pre-qualification stage for large-scale procurement operations or in public-private partnership arrangements. At the end of the course, participants will be able to analyse the financial statements of companies (balance sheets, income statements and cash flow analyses) and work out key financial indicators ((ROI, ROE, ROA) and liquidity indicators (current ratio, quick ratio and working capital/sales) in order to improve managerial decisions in the selection/qualification of financially viable providers of goods, works and services.

Description

Description

This five-day module explores techniques for assessing a company's balance sheet in accordance with the international Financial Reporting Standards (IFRS). It seeks to upgrade the skills of procurement practitioners in evaluating the financial strength of a supplier/contractor at the pre-qualification stage for large-scale procurement operations or in public-private partnership arrangements. At the end of the course, participants will be able to analyse the financial statements of companies (balance sheets, income statements and cash flow analyses) and work out key financial indicators ((ROI, ROE, ROA) and liquidity indicators (current ratio, quick ratio and working capital/sales) in order to improve managerial decisions in the selection/qualification of financially viable providers of goods, works and services.

Target audience

Target audience

Public procurement practitioners, managers and officials from ministries, local government bodies and public expenditure supervisory bodies.

Objectives

Objectives

At the end of the course the participants will be able to analyse the financial statements of companies (like balance sheet, income statement and cash fl ow analysis) and workout key financial indicators (like R.O.I, R.O.E, R.O.A) and liquidity indicators (like current ratio, quick ratio and working capital/sales) in order to exercise professional judgement in the selection/prequalification of financially-viable suppliers/providers of goods, works and services. They will also be able to apply cost-benefit analysis techniques using Net Present Value calculations.

Content

Content


• Introduction to accounting principles and current attempts at harmonization of accounting standards
• Overview of accounting standards and relevance to the procurement practitioners
• International Accounting Standards (IAS)
– Presentation of Financial Statements (IAS 1)
– Introduction
– Objective and scope of the Standard
– Definition of key terms
– Accounting treatment
– Presentation and disclosure
– Statement of Financial Position (Balance Sheet)
– Statement of Comprehensive Income
– Statement of Changes in Equity
– Other
• Cash flow Statements (IAS 7)
– Introduction
– Objective and scope of the Standard
– Definition of key terms
– Accounting treatment
– Presentation and disclosure
– Case studies on Financial Statements
• Cost benefit Analysis and NPV calculations

Format and Methodology

Format and Methodology

The course is conducted using a highly participative training delivery methodology through a combination of presentations by subject-matter specialists followed by self-assessment exercises/assignments. Group works are foreseen in order to facilitate the interpretation of accounting standards, analysis of cash flow statements and associated financial reports. Ample opportunity is provided to discuss common problems in the prequalification of the suppliers/providers in order to overcome specific constraints faced by the participants in establishing a firm’s financially viability and its ability to need the contractor’s cash flow requirements.

 

Language requirements

Language requirements

Participants are expected to read and write easily in the English language.

Contact us

sdp@itcilo.org

Tuition cost: 1580

Subsistence cost: 600

Total cost: 2180

 

International Training Centre of the ILO

Viale Maestri del Lavoro, 10
10127 Turin - Italy

Contact us