The Controllership Series - The Controllers Role in Procurement Function
Total Credits: 1.2 including 1 Accounting - Technical, .2 Auditing- Technical
- Average Rating:
- 13
- Categories:
- ACPEN Industry Institute | Accounting and Auditing | Personal Development
- Faculty:
- Lynn Fountain
- Course Levels:
- Basic
- Duration:
- 1.2 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
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.
Basic Course Information
Learning 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 Subjects
- Accounting
- Finance
- Procurement
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| The Controllers Role in Procurement Function Handout (1.6 MB) | Available after Purchase | ||
| The Controllers Role in Procurement Function Terms (13.2 KB) | Available after Purchase | ||
Faculty
Lynn Fountain Related Seminars and Products
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
Dates
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Mon, Dec 23, 2024 - 11:00am to 12:11pm CST
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Tue, Jan 14, 2025 - 01:00pm to 02:11pm CST
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Fri, Jan 24, 2025 - 02:00pm to 03:11pm CST
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Thu, Feb 06, 2025 - 03:00pm to 04:11pm CST
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Mon, Feb 17, 2025 - 09:00am to 10:11am CST
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Thu, Mar 13, 2025 - 06:00pm to 07:11pm CDT
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Tue, Mar 18, 2025 - 11:00am to 12:11pm CDT
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Sat, Mar 29, 2025 - 09:00am to 10:11am CDT
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Thu, Apr 03, 2025 - 01:00pm to 02:11pm CDT
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Tue, Apr 15, 2025 - 02:00pm to 03:11pm CDT
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Fri, May 09, 2025 - 03:00pm to 04:11pm CDT
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Wed, May 21, 2025 - 09:00am to 10:11am CDT
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Tue, Jun 03, 2025 - 10:00am to 11:11am CDT
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Wed, Jun 18, 2025 - 11:00pm to Thu, Jun 19, 2025 - 12:11am CDT
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Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For Controllers, Accountants, CFO, Finance Professionals, Operational Professionals, Auditors
Original Recording Date 01/01/2024
Course Developer Lynn Fountain
Date Added to Catalog 02/05/2024
Yellow Book No
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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