vcc.ca
OPMT 2240: Supply Chain Finance and Cost Accounting
Effective date
May 2025
Department
Global Supply Chain Management
School
Hospitality, Food Studies and Applied Business
Description
In this course students will be introduced to the multiple financial concepts which are critical to supply chain management. Firstly, students will learn about different cost accounting items such as labour, material, and overhead costs. Students will then examine job cost and service statements, as well as cost accounting systems. In the second half of the course, students will take a deeper dive into the various financial concepts and principles that relate to supply chains, including working capital management, cash flow optimization, trade credit and payment terms, factoring and invoice discounting.
Credits
3.0
Year of study
2nd Year Post-secondary
Prerequisites
MGMT 1015, OPMT 1120.
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Explain supply chain financial concepts and principles.
- Analyze supplier financial data as part of the pre-purchase order/contract award stage.
- Account for material costs by completing pro forma stock control documentation relating to the movement of materials into a business, within a business, and from a business.
- List the procedures for recording labour costs and describe the documentation required.
- Describe the apportion and allocation of overhead costs
- Explain how job cost statements and service cost statements are produced for product costs
- Record transactions in a cost accounting system using either an interlocking or integrated cost accounting system
- Describe the following concepts as they apply to supply chain management: working capital management, cash flow optimization, trade credit and payment terms, factoring and invoice discounting.
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Total Hours: 45
Instructional Strategies
Lectures, groupwork, case studies, problem solving.
Grading System
Letter Grade (A-F)
Passing grade
D
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Project |
20 |
Supply chain finance project |
|
Attendance |
10 |
|
|
Assignments |
30 |
A number of assignments related to cost accounting |
|
Midterm Exam |
15 |
|
|
Final Exam |
25 |
|
Course topics
- Introduction to Supply Chain Financial Management and Analysis Costing Methods and Financial Ratios Labour costs and documentation Material costs Overhead costs Job cost and service cost statements Cost accounting systems Working Capital Management (Overview of working capital and its components, Strategies for optimizing working capital within the supply chain, The relationship between working capital and supply chain efficiency) Cash Flow Optimization (Understanding the flow of funds within the supply chain, Techniques to enhance cash flow, Managing payment cycles) Trade Credit and Payment Terms (Exploring trade credit terms, Negotiating and managing trade credit terms, Balancing supplier and buyer needs, Early payment discounts and their implications) Factoring and Invoice Discounting (Factoring and invoice discounting, Benefits and risks associated with invoice financing)
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/. - To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.