MANAGEMENT ACCOUNTING AND STRENGTHENING OPERATIONS

TRAINING OVERVIEW

DixonTech's “Management Accounting and Strengthening Operations” training course offers a unique perspective, highlighting the absence of rigid rules in management accounting compared to financial accounting's adherence to principles. The course emphasizes the diversity in Key Performance Indicator (KPI) measurement methods across companies within the same industry, making best practices challenging to ascertain. Participants will gain insights into the correlation between fiscal management KPIs and Supply Chain Management (SCM) KPIs, considering cash flow and contributing to corporate project development. Furthermore, the course addresses the significance of environmental issues, corporate governance, and aligns with ESG (Environmental, Social & Governance) and SDGs (Sustainable Development Goals).

TRAINING TOPICS

• Acquire basic knowledge of 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 utilize 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.

TRAINING IS TAILORED TO

• Operational managers
• Accounting and Financial manager
• Supply Chain senior managements (Sales, Production, Procurement, Logistics)
• Corporate controllers
• Risk managers, Auditors

TRAINING METHODOLOGY

Our approach for “Management Accounting and Strengthening Operations” involves interactive sessions, case studies, and exercises to enhance understanding and practical application. Participants will explore practical management methods like Break-even point analysis and Inventory-Driven Costs. The course emphasizes developing a personalized action plan for applying theories in specific areas, aligning with Cash Management strategies. Collaborative learning encourages knowledge-sharing, while insights into stakeholder involvement and visualization of essential data prepare participants for real-world challenges. Valuable tools and templates in electronic format ensure immediate application in professional roles.

DAY ONE: 

THE RELATIONSHIP BETWEEN INVENTORY AND FINANCE

• Management Accounting and Financial.
• 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.

DAY TWO: 

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

DAY THREE: 

CCC (CASH CONVERSION CYCLE) BASIC COURSE

• 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

DAY FOUR: 

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.

DAY FIVE: 

SPECIFIC MEASURES WITH A VIEW TO ESG AND SDGS

• What is ESG?
• What are SDGs?   
• Environmental issues   
• Accounts Receivable and Inventory management 
• Operation cycle & Planning cycle
• Risk management summary