In today’s highly competitive and
cost-conscious environment, understanding financial accounting for
contracts is an important part of business activity. Over 85% of
business transactions are governed by contracts and hence it is
necessary that contracts be aligned with business expectations. It
requires legal and Non-professionals to be well versed with the contents
of financial accounting for contracts and expertise to foresee the risk
and have futuristic thinking to handle contracts in the best interest
of their organization.
This understanding the workings of
Financial Accounting for Contracts and Other Charges workshop is for any
professional who wants to learn and understand the workings of
accounting for contracts. This would include individuals who have no
experience, but want to learn the fundamentals, as well as those who
have or will have a job that directly involves dealing with financial
accounting for contracts.
By attending this programme you will:
Get-to-grips on understanding contractual terms and their impact on businesses
Expand your knowledge of the risk in liability clause
Master practical knowledge of contents of agreements
Examine specific clauses and their use
Learn how to interpret variations and time of essence clauses
Clarify essential terminology in financial accounting for contracts and other charges
Get Best Practices on Accounting for Contracts and other charges
Get up-to-date with the use contractual liability clauses and indemnities
Understand the effect of exclusion and limitation clauses and how they can be used to manage your exposure
Understand the limits of liabilities
Who Should Attend
This course is relevant and beneficial to
local and multinational manufacturing, procurement companies, in
particular for purchasing, sale procurement and supply staff of all
levels, officers and administrators, marketing and sales managers, legal
officers and all those who are involved in any sort of sale and supply
contracts. Also suitable for all levels of Staff who are involved in
contract management, Procurement contracts, Sales contracts, officers
and administrators, marketing and sales managers, legal officers and all
those who are involved in any sort of sale and supply contracts.
Interactive lectures, discussion, Q and A and activities on all modules.
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