Management Accounting for Enhancing Corporate Values and Strengthening Operations
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Management Accounting for Enhancing Corporate Values and Strengthening Operations Course
Introduction:
Management accounting involves the preparation of management reports and records that provide accurate and timely financial and statistical information to aid managers in making both short-term and long-term decisions. It identifies, measures, analyzes, interprets, and communicates information to enable an organization to pursue its objectives effectively.
The Management Accounting training course is specifically designed to cover the role and significance of aligning corporate financial management indicators with supply chain management indicators. This alignment aims to enhance corporate value and strengthen operations by optimizing the cash conversion cycle.
Participants of this course will gain a comprehensive understanding of key performance indicators (KPIs) used in finance and supply chain management. They will also be exposed to the latest financial statements, case studies, effective management theories, specific measures, and IT solutions. This knowledge and skill set will empower participants to make valuable contributions in their workplace, enabling them to make informed decisions and drive positive organizational outcomes.
By the end of the training course, delegates will have a clear understanding of how financial management and supply chain management indicators can be synchronized to create value and optimize operations. They will be equipped with practical tools and insights to effectively analyze financial information, contribute to strategic decision-making, and implement efficient management practices.
Course Objectives:
By the end of this management Accounting for Enhancing Corporate Values and Strengthening Operation training course, participants will be able to:
- Obtain essential knowledge on cash management, Working Capital, management KPI
- Obtain representation of KPI used for corporate management as well as SCM operations
- Acquire management theories: Six Sigma, Balanced Scorecard, Amoeba management, IDC
- Acquire tips to achieve sustainable growth, considering SDGs, ESG and ROE
- Acquire IT solutions required for the visualization and activities
Who Should Attend?
Management Accounting for Enhancing Corporate Values and Strengthening Operation training course, is ideal for :
- Operational managers
- Accounting and Financial manager
- Supply Chain senior managements (Sales, Production, Procurement, Logistics)
- Corporate controllers
- Risk managers, Auditors
Course Outlines:
Inventory and Finance
- Management Accounting and Financial Accounting
- Basic knowledge on inventory from financial perspectives
- Inventory and financial statements
- Inventory Driven Costs (IDC)
- Fixed costs, Variable costs and Break-even points analysis
- Profit is opinion, Cash is fact
Management Accounting and Corporate Value Management
- Corporate value management KPI
- ROE (Return on Equity) and ROIC (Return on Invested Capital)
- KPIs for leading companies in Japan
- KPIs related to Supply chain
- SCM capability analysis & Supply Chain Top 25
- Accounting fraud risks
Cash Conversion Cycle
- Operation Cycle and Cash Cycle
- The basic information on CCC
- CCC comparison among Japan, U.S. and Global by industry
- CCC trend for different industries by company
- How to expedite CCC cashing speed?
- CCC key issues for different companies
CCC Advanced Course and Management Methods
- Amoeba management methods by Kyocera
- Balanced Scorecard
- Six Sigma theory
- Problem-solving PDCA
- Visualization of management and Visualization of autonomy
- Effective IT solutions for increasing efficiency
Specific Measures with a View to ESG and SDGs
- What is ESG?
- What are DSGs?
- Environmental issues
- Accounts Receivable and Inventory management
- Operation cycle & Planning cycle
- Risk management summary