Summary
Management accounting in supply chains covers planning, monitoring, management, and information for manufacturing and logistics processes throughout your value chain. The goal of supply chain management accounting is to optimise these processes and facilitate a responsive supply chain. Your management accounting practices need to support the competitiveness of your organisation and long-term sustainability.
This course provides a foundational look at the principles of supply chain management accounting, implementation of financial KPIs to monitor operations, and how to develop development goals that align with your Environmental, Social, and Governance (ESG) framework
- Understand the key principles of supply chain management accounting.
- Align your corporate goals and objectives to operation and planning cycles.
- Develop suitable KPIs to assess operational and senior staff performance.
- Mitigate operational risks and understand the skills and competencies required to effectively run operations.
Internal Auditors and other auditing professionals
Corporate governance directors
Officials responsible for corporate compliance
Finance and accounting professionals in the public sector
Anyone seeking to develop their understanding of supply chain management accounting
This course uses a variety of adult learning styles to aid full understanding and comprehension.
Participants will review case studies to highlight key areas of importance and possible areas for faults.
They will be supplied with the best tools required to carry out learning exercises to improve their skills. Participants will analyse the examples to gain a thorough understanding of how these skills, techniques and methods apply in the workplace.
Course Content & Outline
- Define the two types of accounting: managerial accounting and cost accounting.
- Describe inventory management.
- Link inventory to financial position.
- Describe cost structure: fixed and variable costs, and break-even analysis.
- Define a cost centre and inventory-driven costs.
- Describe corporate value-based management.
- Identify the essentials of effective KPIs.
- Compare Return on Equity (ROE) and Return on Invested Capital (ROIC).
- Identify key supply chain management KPIs.
- Analyse the supply chain capabilities model.
- Describe the CCC and how it is calculated.
- Compare and contrast the operation cycle and the cash cycle.
- Examine the core challenges of CCC.
- Identify essential steps to developing an effective CCC.
- Discuss strategies to accelerate the speed of CCC cashing.
- Explore the relationships between production and purchasing, sales, and inventory management.
- Describe the balanced scorecard (BSC) performance metric.
- Review BSC case studies.
- Outline the theory of Six Sigma using case studies.
- Detail the stages and importance of the Plan-Do-Check-Act problem solving method.
- Visualise the relationship of management and autonomy.
- Describe IT solutions that improve efficacy.
- Define the ESG framework.
- Identify your strategic development goals.
- List the steps and focus of integrated reporting.
- Examine risk management.
- Describe challenges in managing environmental issues.
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