PERFORMANCE MANAGEMENT (PM)
Previously Known as F5
Performance management develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision making, performance evaluation, and control.
You’ll learn practical skills in management accounting, including technical ability to produce quantitative and qualitative information to be used for a variety of business purposes.
- Explain and apply cost accounting techniques
- Select and appropriately apply decision-making techniques to facilitate business decisions and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks
- Identify and apply appropriate budgeting techniques and methods for planning and control and use standard costing systems to measure and control business performance and to identify remedial action
- Identify and discuss performance management information and measurement systems and assess the performance of an organization from both a financial and non- financial viewpoint, appreciating the problems of controlling divisional businesses and the importance of allowing for external aspects
WHAT WILL YOU ACHIEVE
You will develop knowledge and skills in these subject areas, reaching a level of knowledge equivalent to a Bachelor’s degree. Successful completion of applied skills module will lead you to the Advance Diploma in Accounting and Business.
|A. SPECIALIST COST AND MANAGEMENT ACCOUNTING TECHNIQUES|
|B. DECISION-MAKING TECHNIQUES|
|C. BUDGETING AND CONTROL|
|D. PERFORMANCE MEASUREMENT AND CONTROL|
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