Financial Management 9: Purchasing
Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 1-hour interactive online course helps you develop the attributes necessary to create a good purchasing, leasing, and renting system for your firm.
This is the ninth and final chapter of the “Financial Management for the A/E/C Firm” course series from PSMJ Resources, Inc. offered through RedVector.com in its entirety. We strongly recommend that you take all nine chapters of this course series.
What You Will Learn
- Increase the efficiency of your accounts payable system
- Avoid using your firm's own money for your purchasing service
- Understand the advantages and disadvantages of buying, leasing, and renting
- Utilize worksheets and sample rate calculations