The Controllership Series - The Controllers Role in Procurement Function

Thursday, February 06, 2025
Webcast or Webinar, Online
4:00 PM - 5:11 PM (opens at 3:30 PM) EST
1Credits
Accounting and Auditing

Registration is Open

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$39.00 Regular Price
Non-Members
$59.00 Regular Price

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Course Type: Webcast
Course Code: 24/AC942091
Level: Basic
Vendor: ACPEN
Field of Study: Auditing, Accounting

Overview:

The procurement function is a critical area of organizations where spend is a top priority. The Controllership function is involved in spend management. It is logical that the Controller should take a role in working with the procurement function.

The procurement function may report to various areas within an organization including the Chief Operating Officer (COO), Chief Procurement Officer (CPO), Chief Executive Officer (CEO) and the Chief Financial (CFO) or Accounting Officer (CAO). Regardless of the reporting line of the function, the accounting and controllership functions must have an integral understanding of all processes involved within procurement. This understanding assists the controller and accounting area in properly optimizing and controlling costs associated with the process.

 

Objectives:

  • Defining the typical procurement process
  • Defining procurement vs. the Controller’s role in purchasing
  • The procurement process and its ties to the controllership process
    • Examine a job description of a potential Procurement Controller
    • Examine the Financial Controllers potential role in the procurement process
  • Ways to synergize the Controller’s role with procurement
  • Examine other potential responsibilities for the Controller

Major Topics:

  • Accounting
  • Finance
  • Procurement

Major Topics:

  • Accounting
  • Finance
  • Procurement

Designed For:

Controllers, Accountants, CFO, Finance Professionals, Operational Professionals, Auditors

Prerequisites:

None