Management Accounting has no definite rules despite the objectives to assist management-decision making. Whereas, Financial Accounting is following accounting principles.
Moreover, the measurement method of KPI used as Management Accounting differs depending on the company, even in the same industry and difficult to acquire the knowledge of best practices.
This Coventry Academy training course will define the correlation between financial management KPI and SCM KPI in light of cash flow and lead to the formation of corporate project. The training course also covers the importance of Environmental issues and corporate governance with a view to ESG (Environmental, Social & Governance) and SDGs (Sustainable Development Goals).
What are the goals?
By attending this Coventry Academy training course, delegates will be able to make a substantial, positive impact on the Cash Management best practices within their organisation, more specifically:
Acquire Basic Knowledge on CCC (Cash Conversion Cycle) with Global Comparison by Industry
Understand Best Practice Techniques for Achieving Effective Cash Management
Discuss & Learn the Practical Application of These Best Practices, Through Case Studies & Exercises
Acquire Practical Management Methods: Break-Even Point Analysis, Inventory Driven Costs
Develop an Action Plan to Utilise These Theories in Their Own Areas of Responsibility, Fitting Them Into the Cash Management Strategy, and Measuring Benefits
Acquire the Tips - How to Visualize the Necessary Data and Form Corporate Project by Involving Stakeholders Required
Who is this training course for?
This Coventry Academy training course is suitable for a wide range of professionals who wish to achieve career progress by expanding their financial knowledge, corporate governance and effectively making use of financial indicators in their management roles, for example: