RedVector RV-7014

Financial Management 9: Purchasing

Financial Management 9: Purchasing

1 hr. Online Course

Level: Fundamental

Item#: RV-7014

SME: Frank Stasiowski

This course will be discontinued on 02/06/2024

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.


Vector Solutions has a long history of providing industry-specific content for its customers. While this course and its content remain accurate and functional within our systems, the look and feel may not match our more modern offerings.
Course Objectives

After completing this course, you will be able to:

  • 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

This course includes a multiple-choice test to gage your understanding of the material.

State Licenses
AK - Land Surveyor (General)
AL - Engineer (General - ,)
AL - Land Surveyor (General)
AR - Engineer (General - ,)
AR - Land Surveyor (General)
DC - Engineer (General - CE21800018)
DE - Engineer (Business Practice (maximum of 9 hours) - ,)
GA - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
GA - Engineer (General - ,)
GA - Land Surveyor (General)
IA - Engineer (General - ,)
IA - Land Surveyor (General)
ID - Engineer (General - ,)
ID - Land Surveyor (General)
IL - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
IL - Engineer, Professional (General - ,)
IL - Engineer, Structural (General - ,)
IN - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
IN - Engineer (General - Board Approved - CE21800018)
KS - Engineer (General - ,)
KS - Land Surveyor (General)
KY - Electrical Contractor (Business Practice)
KY - Engineer (General - ,)
LA - Contractor, Residential (General)
LA - Engineer (General - ,)
LA - Land Surveyor (General)
MD - Engineer (General - ,)
MD - Land Surveyor (General)
ME - Engineer (General - ,)
ME - Land Surveyor (General)
MI - Engineer (General - ,)
MN - Engineer (General - ,)
MN - Land Surveyor (General)
MO - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
MO - Engineer (General - ,)
MS - Engineer (General - ,)
MS - Land Surveyor (General)
MT - Engineer (General - ,)
MT - Land Surveyor (General)
NC - Engineer (General - ,)
NC - Land Surveyor (General)
ND - Engineer (General - ,)
ND - Land Surveyor (General)
NH - Engineer (General - ,)
NJ - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
NJ - Engineer (General - 24GP000006300)
NM - Engineer (General - ,)
NM - Land Surveyor (General)
NV - Engineer (General - ,)
NV - Land Surveyor (General)
NY - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
OH - Engineer (General - ,)
OH - Land Surveyor (General)
OK - Engineer (General - ,)
OK - Land Surveyor (General)
OR - Engineer (General - ,)
PR - Engineer (General - ,)
SC - Engineer (General - ,)
SC - Land Surveyor (General)
SD - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
SD - Engineer (General - ,)
SD - Land Surveyor (General)
TN - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
TN - Engineer (General - ,)
TX - Engineer (General - ,)
UT - Engineer (General - ,)
UT - Land Surveyor (General)
VA - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
VA - Engineer (General - ,)
VA - Land Surveyor (General)
VT - Engineer (General - ,)
WA - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
WA - Land Surveyor (General)
WI - Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
WI - Engineer (General - ,)
WI - Land Surveyor (General)
WV - Engineer (General - ,)
WV - Land Surveyor (General)
WY - Engineer (General - ,)
WY - Land Surveyor (General)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General - ,)
American Institute of Architects - AIA - Architects (General - RV664-2025)
Accreditation: AIA Registered Provider J315
American Institute of Constructors - AIC - Professional Constructor (General)
BOMI International - RPA, FMA and/or SMA (General)
Building Operator Certification - BOC - Certification (General)
Canada - Alberta Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - Alberta Engineer (General - ,)
Canada - British Columbia Architect (AIBC) (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Engineer (General - ,)
Canada - Manitoba Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Engineer (General - ,)
Canada - New Brunswick Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Engineer (General - ,)
Canada - Newfoundland and Labrador Engineer (General - ,)
Canada - Northwest Territories and Nunavut Engineer (General - ,)
Canada - Northwest Territory Architect / Restricted Practitioner (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Engineer (General - ,)
Canada - Ontario Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - Ontario Engineer (General - ,)
Canada - Prince Edward Island Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - Prince Edward Island Engineer (General - ,)
Canada - Quebec Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - Quebec Engineer (General - ,)
Canada - Saskatchewan Architect (General - RV664-2025)
Accreditation: AIA Registered Provider J315
Canada - Saskatchewan Engineer (General - ,)
Canada - Yukon Engineer (General - ,)
Construction Management Association of America - CMAA - (CCM, CACM) (General)
National Institute for Certification in Engineering Technologies - NICET (General - ,)
Ontario Association of Certified Engineering Technicians and Technologists - OACETT - Certified Member (Management/Leadership Training)
Project Management Institute (PMI) - Certified Associate in Project Management (CAPM) (Business Acumen - GOCRV-7014)
Accreditation: R.E.P. Provider 1510
Project Management Institute (PMI) - PMI Agile Certified Practitioner (PMI-ACP) (Business Acumen - GOCRV-7014)
Accreditation: R.E.P. Provider 1510
Project Management Institute (PMI) - PMI Professional in Business Analysis (PMI-PBA) (Business Acumen - GOCRV-7014)
Accreditation: R.E.P. Provider 1510
Project Management Institute (PMI) - PMI Risk Management Professional (PMI-RMP) (Business Acumen - GOCRV-7014)
Accreditation: R.E.P. Provider 1510
Project Management Institute (PMI) - PMI Scheduling Professional (PMI-SP) (Business Acumen - GOCRV-7014)
Accreditation: R.E.P. Provider 1510
Project Management Institute (PMI) - Portfolio Management Professional (PfMP) (Business Acumen - GOCRV-7014)
Accreditation: R.E.P. Provider 1510
Project Management Institute (PMI) - Program Management Professional (PgMP) (Business Acumen - GOCRV-7014)
Accreditation: R.E.P. Provider 1510
Project Management Institute (PMI) - Project Management Professional (PMP) (Business Acumen - GOCRV-7014)
Accreditation: R.E.P. Provider 1510