MANAGEMENT ACCOUNTING & SUPPLY CHAIN STRATEGIES

Objective:

• Acquire the skills and competencies required for efficient operational performance
• Understand the fundamental principles of Supply Chain Management Accounting (SCMA)
• Align corporate goals with operational planning and execution cycles
• Establish effective Key Performance Indicators (KPIs) and define roles in performance evaluation
• Identify and mitigate operational risks across supply chain activities

Content:

Cost Control and Inventory Management

• Understanding the two major fields of accounting
• Principles of inventory management
• Linking inventory management to financial performance
• Cost structures: fixed costs, variable costs, and break-even analysis
• Cost centres and Inventory Driven Costs (IDC)

Key Performance Indices and Corporate Value Management

• Understanding corporate value management
• Key elements of effective Key Performance Indicators (KPIs)
• Global financial KPIs: Return on Equity (ROE) and Return on Invested Capital (ROIC)
• Supply chain management performance indicators
• Supply chain capability analysis

Mastering the Cash Conversion Cycle (CCC)

• Understanding the Cash Conversion Cycle (CCC)
• Distinguishing between the operating cycle and the cash cycle
• Common challenges affecting the cash conversion cycle
• Key steps for improving cash conversion performance
• Strategies for accelerating cash flow
• Managing purchasing, production, sales, and inventory for improved liquidity

Advanced Accounting Management Tools

• Balanced Scorecard with practical case studies
• Six Sigma concepts and real-world applications
• Problem-solving using the Plan-Do-Check-Act (PDCA) methodology
• Management visualization and operational autonomy
• Leveraging information technology to improve operational efficiency

Environmental, Social and Governance (ESG)

• Understanding the ESG framework
• Strategic Development Goals and their business relevance
• Developing effective integrated reporting frameworks
• Risk management principles within ESG
• Addressing environmental sustainability challenges
• Practical ESG case studies

For Whom:

• Board members seeking a deeper understanding of Supply Chain Management Accounting
• Auditing professionals
• Corporate governance directors
• Internal auditors
• Corporate compliance officers
• Finance and accounting professionals seeking to expand their knowledge of modern accounting methods
• Public sector finance and accounting personnel