The worldwide economic impact of COVID-19 could result in cash flow impairment from disrupted operations, higher operating costs, and lost revenue. This self-study webinar will focus on best practices for creating and managing the contracting process on a global scale, as well as risks inherent in international contracting and the necessary controls required. Topics covered include:
- Why global contracts matter
- Types of global contracts
- Management strategies
- Common legal issues
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Other finance, accounting and controls
To provide financial professionals with best practices for managing the global contracting process during the COVID-19 crisis, and equip them with an understanding of the inherent risks and necessary controls.
- Types of global contracts
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Global contract management strategies
– Compliance
– Analytical needs
– Protecting company interest - Coordinating supplier and customer contracts and negotiations
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Legal issues
– Risk allocation, including force majeure
– Intellectual property
– Dispute resolution - Business opportunities and risk
- Customer- and procurement-focused organizations
- Compliance and Accounting Issues
- COVID-19 and ASC 606 contract modifications
- The International Association for Contract and Commercial Management (IACCM)
• Identify the overall characteristics of global contracting
• Recognize the current dimensions of global contracting considered by the contracting parties
• Recognize specified concerns within each dimension of global contracting
• Recognize varying aspects of “owner’s rights” in global contracting
• Identify specified stages of a successful contract process
• Recognize the matters to be addressed within key contract items
