In today's economy, firms compete with each other on the basis of the relative merits of their respective supply chains. Understandably, management accounting practices must support this reality rather than provide information that is rooted in traditional organizational settings and develop management accounting practices that facilitate their long-term sustainability.
This Coventry Academy training course is intended to enable the delegates to acquire a solid foundation of Supply Chain Management Accounting (SCMA) and how to effectively implement Financial KPI's to the operational level of supply chain and logistics. The training course provides an overview of the most important requirements for preparing SCMA framework, with specific insight.
This training course will feature:
Principles of Supply Chain Management Accounting (SCMA)
Environment, Social and Governance Framework
Operation cycle & Planning cycle
Inventory Management and Cost Control
Supply Chain KPI's
Quais são os objectivos?
By the end of this training course, participants will be able to:
Acquire the necessary skills and competencies needed to run efficiently firm's operations
Understand the founding principles of Supply Chain Management Accounting
Align corporate goals and objectives to operation cycle and planning cycle
Set up appropriate KPI 's for senior and operational staff and determine the roles and responsibilities of performance review
Mitigate operational risks
A quem se destina este curso de formação?
This training course is suitable to a wide range of professionals but will greatly benefit:
Board level members who wish to develop their understanding of Supply Chain Management Accounting
Auditing Professionals
Corporate governance directors
Internal auditors
Corporate compliance officials
Professionals seeking to develop their understanding of the accounting methods
Public sector finance and accounting personnel
Como é que esta ação de formação será apresentada?
This Coventry Academy training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes:
Interactive Case Studies from the real world/delegates’ company
Discussion and Evaluation of the latest international tools & techniques
Role play
Pre & Post Course Assessments
Descrição do curso
Day One: Cost Control and Inventory Management
Defining the two fields of accounting
Inventory management
Linking Inventory to Financial Position
Cost Structure: Fixed costs, Variable costs and Break-even points analysis
Cost Center and Inventory Driven Costs (IDC)
Day Two: Key Performance Indices and Corporate Value Management
Defining corporate value management
Key elements of effective KPI
Global KPI: ROE (Return on Equity) and ROIC (Return on Invested Capital)
KPIs linked to Supply chain Management
SCM capability analysis
Day Three: Mastering Cash Conversion Cycle (CCC)
Defining Cash Conversion Cycle
Differentiating between Operation Cycle and Cash Cycle
Main challenges of CCC
Key steps for an effective CCC
How to accelerate CCC cashing speed?
Purchase/Production, Sales, Inventory management
Day Four: Advanced Accounting Management Tools
Balanced Scorecard with case studies
Six Sigma theory with real case studies
Problem-solving method - PDCA
Visualization of management and autonomy
Effective IT solutions for improving efficiency
Day Five: Environmental, Social and Governance (ESG)
Defining ESG framework
What are Strategic Development Goals?
Steps to setting an effective Integrated reporting
Risk management
Challenges of Environmental issues
Real Case Studies
O certificado
Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course